Major Economy

• Union Minister J.P. Nadda announced in Shimla that India has become the world's fastest-growing major economy under Prime Minister Narendra Modi's leadership. • Nadda highlighted 12 years of governance characterized by significant economic reforms, infrastructure expansion, and improved welfare delivery. • The statement underscores the government's focus on decisive policymaking to maintain India's global economic trajectory.

• Finance Minister Nirmala Sitharaman announced that India is the fastest-growing major economy, with GDP growth projected to remain robust at 7%. • This economic growth is being driven primarily by strong domestic demand and ongoing structural reforms. • The announcement was made during a summit presided over by French President Emmanuel Macron, which included leaders from G7 nations, Brazil, China, Kenya, South Korea, and the IMF.