Tuesday 27th of September 2022

Follow Us

Breaking News

India becomes 5th largest economy in the world overtaking Britain

 (FastMail News) - The Indian economy, which seems to be derailed due to Corona pandemic, has made a big comeback. According to reports, India has overtaken Britain to become the world's 5th largest economy. Now only America, China, Japan and Germany are ahead of India. Lagging behind India is being seen as a big setback for Britain.  Britain is going through many troubles these days, which include inflation, low growth and political instability. At the same time, India has been one of the fastest growing large economies of the world for a long time.

Let us inform that recently, Finance Secretary TV Somanathan had said that the Indian economy is moving towards achieving a growth rate of more than 7 percent in the current financial year. Commenting on the first quarter gross domestic product (GDP) growth data, he said the economy is up 4 per cent from pre-pandemic levels. He allayed concerns of increasing imports putting pressure on the fiscal position, saying the government is confident of keeping the fiscal deficit at 6.4 per cent of GDP in the current fiscal.


 The country's GDP stood at 13.5 percent in the first quarter (April-June) of the current financial year due to the better performance of the agriculture and services sector. With this growth, India remains the fastest growing large economy in the world. China's growth rate in the April-June quarter of 2022 has been 0.4 percent. According to the data released on Wednesday by the National Statistics Office, the GDP growth rate in the April-June quarter of the previous financial year (2021-22) was 20.1 percent. The GDP growth rate was 8.4 percent in the July-September quarter of 2021, 5.4 percent in October-December and 4.1 percent in January-March 2022.
Related India News

Nearly 100,000 cattle dead of lumpy skin disease

 NEW DELHI:The death toll of cattle due to the lumpy skin disease in India has doubled over the past three weeks, taking the total to nearly 100,000, confirmed a government official to Xinhua on Monday.  "The cumulative number of cattle deaths caused by lumpy skin disease has gone up ....

President Of India in Karnataka; Inaugurates Mysuru Dasara Festival

 MYSURU: The President of India, Smt Droupadi Murmu, inaugurated the Mysuru Dasara Festival at Chamundi Hills, Mysuru today (September 26, 2022).  Addressing the gathering, the President extended her greetings to the people of Karnataka on the auspicious occasion of Mysuru Dasara. She....

PM Modi to attend funeral of former Japanese PM Shinzo Abe in Tokyo this evening

 NEW DELHI:Prime Minister Narendra Modi will embark on a visit to Japan this evening to attend the funeral of former Japanese Prime Minister Shinzo Abe in Tokyo. Briefing media in New Delhi on the visit, Foreign Secretary Vinay Mohan Kwatra said the ceremony will be held at Budokan arena which ....

President Droupadi Murmu inaugurates Mysuru Dasara Festival

 President Droupadi Murmu inaugurated a ten-day Mysuru Dasara festival by offering prayers to Goddess Chamundeshwari atop Chamundi hills today. Starting her speech in Kannada, the President extended her greetings to the people on the festive occasion. She sought the blessings of Goddess Chamund....

Home Minister lays the foundation stone of 350 bedded ESIC hospital at Sanand

 AHMEDABAD: Amit Shah, Union Minister for Home Affairs & Cooperation laid the foundation stone of 350 Bedded (Upgradable upto 500 bedded) ESIC Hospital, Sanand Ahmedabad, Gujarat today.  The 350 bedded hospital will have OPD, indoor facilities, X-ray, radiology, laboratory, operation t....

Editor :
Jagadananda Pradhan
Email :
For Ads :
Ph : (+91)6764295999
Contact Us
© 2022 Fast Mail Media Pvt Ltd. All Rights Reserved.
Powered by : FM Media Pvt Ltd.
Developed by : Futuradept Tech