PM Tells Critics Who Put India in ‘Fragile 5’ Are Doubting GDP Growth After Robust Increase of 7.1% in Q2

New Delhi: Prime Minister Narendra Modi on Saturday took a strong stance against critics who have questioned India’s growth story, saying those who put the country in the ‘fragile 5’ list are doubting its GDP growth.

The PM was addressing a press conference at the Prime Minister’s Office, where he discussed various economic indicators and expressed his disappointment with the negative outlooks from international agencies.

‘In India, we have shown that our economy can grow despite every challenge. We will not be intimidated by negative outlooks from international agencies,’ Modi said in Hindi. ‘We will continue to work for better growth for India.’

The PM was referring to the recent assessment of India’s economic performance by the International Monetary Fund (IMF), which has listed the country as part of the ‘fragile 5’ group along with Indonesia, Malaysia, the Philippines, and Thailand.

The IMF had predicted that India’s GDP growth would slow down to 6.8% in FY2022 due to a slowdown in the global economy.

However, Modi said that the country’s economic indicators have shown a robust increase of 7.1% in Q2, which is higher than the IMF’s forecast.

‘Our government has worked hard to create an environment for growth and investment,’ Modi said. ‘We will continue to work for better growth for India.’

The PM also expressed his disappointment with the negative outlooks from international agencies, saying they are not in line with India’s economic reality.

‘I am disappointed with the negative outlooks from some international agencies. They are not in line with our economic reality,’ Modi said. ‘We will continue to work for better growth for India.’

The PM’s statement came amid a row over India’s economic performance, with some analysts predicting that the country’s GDP growth would slow down due to a slowdown in the global economy.

However, the government has rejected these predictions, saying that India’s economic indicators are strong and that the country is on track to achieve its growth targets.

The PM also discussed various other economic indicators, including the increase in exports and investments, and the decline in inflation. He said that these indicators show that the economy is growing and that there is no need to worry about the negative outlooks from international agencies.

‘I am confident that our economy will continue to grow and that we will achieve our growth targets,’ Modi said.

The PM’s statement was seen as an attempt to counter the negative outlooks from international agencies, which have listed India as part of the ‘fragile 5’ group. However, some analysts say that the country’s economic performance is still a cause for concern and that more needs to be done to address these issues.

The IMF had predicted that India’s GDP growth would slow down due to a slowdown in the global economy. However, Modi said that the country’s economic indicators have shown a robust increase of 7.1% in Q2, which is higher than the IMF’s forecast.

India’s economic performance has been a subject of debate among economists and analysts, with some predicting that the country’s GDP growth would slow down due to a slowdown in the global economy. However, others argue that India’s economic indicators are strong and that the country is on track to achieve its growth targets.

The PM’s statement was seen as an attempt to counter the negative outlooks from international agencies, which have listed India as part of the ‘fragile 5’ group. The IMF had predicted that India’s GDP growth would slow down due to a slowdown in the global economy.

However, some analysts say that more needs to be done to address the issues that are causing concern among economists and investors. They argue that India’s economic performance is still a cause for concern and that more needs to be done to ensure sustainable growth.

In conclusion, while Modi’s statement was seen as an attempt to counter the negative outlooks from international agencies, it remains to be seen how effectively these measures will address the concerns of economists and investors. The IMF’s prediction that India’s GDP growth would slow down due to a slowdown in the global economy still poses a significant challenge for the country’s economic growth.

The Indian economy is expected to continue growing at a moderate pace, driven by private sector investment and consumption. However, the pace of growth may be affected by various factors, including global economic trends and domestic policy decisions.