Latest news with #NITIAayogGoverningCouncilMeeting
India Gazette
26-05-2025
- Business
- India Gazette
"Matter of honour for all Indians": BJP's Smriti Irani as India overtakes Japan to become 4th largest economy
Amethi (Uttar Pradesh) [India], May 26 (ANI): Hailing Prime Minister Narendra Modi, after India officially became the world's fourth-largest economy, overtaking Japan, Bharatiya Janata Party leader Smriti Irani said on Monday that it is a 'matter of honour for all Indians'. 'When PM Modi took an oath on 26th May 11 years ago, he promised to strengthen the economy. Today, India has become the fourth-largest economy in the world. It is a matter of honour for all Indians, but our resolve is that we will have to reach the top,' Irani told ANI here. On May 25, NITI Aayog Chief Executive Officer (CEO) BVR Subrahmanyam said that India has overtaken Japan to become the world's fourth-largest economy, citing data by the International Monetary Fund. Addressing a press conference of the 10th NITI Aayog Governing Council Meeting on 'Viksit Rajya for Viksit Bharat 2047', Subrahmanyam stated that India's economy has reached the USD 4 trillion mark. 'We are the fourth largest economy as I speak. We are a USD 4 trillion economy as I speak, and this is not my data. This is IMF data. India today is larger than Japan. It's only the United States, China, and Germany which are larger, and if we stick to, you know, what is being planned, what is being thought through, it's a matter of another 2, 2.5 to 3 years; we would become the third largest economy,' said Subrahmanyam. According to the IMF's April edition of the World Economic Outlook report, the nominal GDP for fiscal 2026 is expected to reach around USD 4,187.017 billion. This is marginally more than the likely GDP of Japan, which is estimated at USD 4,186.431 billion. India was the fifth largest economy in the world till 2024. The global financial body projects that India will remain the fastest-growing major economy over the next two years. India's economy is expected to grow by 6.2 per cent in 2025 and 6.3 per cent in 2026, maintaining a solid lead over global and regional peers, the April 2025 edition of the IMF's World Economic Outlook added. In contrast, the IMF projects global economic growth to be much lower, at 2.8 per cent in 2025 and 3.0 per cent in 2026, highlighting India's exceptional outperformance. NITI Aayog CEO further stated that India is at a turning point and at a take-off stage where it can grow very, very rapidly. Sharing more information on the matters discussed during the Governing Council Meeting, NITI Aayog's CEO said that the Centre and States discussed the strategies for manufacturing services, rural, non-farm, urban, informal, and the green economy sectors. 'We had sub-themes for manufacturing services, rural, non-farm, urban, informal, and the green economy, as well as the circular economy. These were the broad themes that were there,' Subrahmanyam said, explaining the other details of the meeting that took place in New Delhi on Saturday. (ANI)
India Gazette
26-05-2025
- Politics
- India Gazette
Uttarakhand CM Pushkar Singh Dhami Virtually Inaugurates Reconstructed Malan Bridge in Kotdwar
New Delhi [India], May 26 (ANI): Uttarakhand CM Pushkar Singh Dhami virtually attended the inauguration program of the reconstructed 'Malan Bridge' over the Malan River in Kotdwar. He said, 'I remember very well that when a very terrible disaster struck there, the bridge was completely damaged. I especially congratulate all the engineers, labourers and administrative officers who have worked day and night to complete this bridge. This bridge will not only benefit the people of the area but will also help in the development of the area' Earlier, following the 10th NITI Aayog Governing Council Meeting under the chairmanship of Prime Minister Narendra Modi in the national capital, Uttarakhand Chief Minister Pushkar Singh Dhami directed his Chief Secretary to prepare a clear and practical strategy at the state level for the effective implementation of the points discussed during the meeting. According to a statement from the Uttarakhand Chief Minister's Office, Dhami, after the meeting on Saturday, emphasised the importance of realising Modi's vision of a 'Developed India @ 2047', and for this, the state government needs to effectively implement the schemes and policies at the grassroots level by coordinating with the central government. He instructed the Chief Secretary to prepare a time-bound action plan in coordination with concerned departments and ensure continuous monitoring of its progress. The Chief Minister also stressed the need for transparency, accountability, and public participation in the implementation process.'The Chief Minister also said that transparency and accountability should be fixed at every level while ensuring public participation. He said that the state government is fully participating in the resolve to make India a self-reliant and developed nation under the leadership of the Prime Minister,' the statement from CMO read. Chief Ministers and Lieutenant Governors representing 24 states and seven Union Territories attended the 10th Governing Council Meeting of NITI Aayog at Bharat Mandapam on Saturday. This year's theme was Viksit Rajya for Viksit Bharat@2047. The meeting commenced with a minute of silence in remembrance of the victims of the Pahalgam terrorist attack. (ANI).
Hans India
26-05-2025
- Business
- Hans India
Indian economy to move up ladder due to robust policies, long-term vision: Mark Mobius
India breaking into the world's top four largest economies is due to its robust policies across the spectrum and a long-term vision, billionaire investor Mark Mobius said on Monday. Speaking to IANS, the global investor who runs the Mobius EM Opportunities Fund for Emerging Markets (EMs), said he was not surprised at India's continuous elevation in the table of world's largest economies. 'I am not surprised that India is moving up in the world's top economies ranking. The 140-crore population, under the visionary leadership of Prime Minister Narendra Modi, is now eager to reclaim their deserved place on the global map,' Mobius said. He further stated that the kind of GDP growth India is witnessing will help it on the road to become the third-largest economy in the world soon. 'The country is witnessing 6-7 per cent growth despite global uncertainties which shows the resilience in its economy. It will help India continue to move up the ladder,' said Mobius. In just a few years, India has risen from being the world's 11th-largest economy to the fourth-largest. As of 2025, India trails behind the US, China and Germany in terms of total GDP. Mobius told IANS that India has the potential to become even the second-largest economy in the world. "India now has a substantially larger population than China. It is now estimated that China's population is actually 800 million or less, with an average age much higher than India's 1.4 billion people," he contended. India has just surpassed Japan to become the world's fourth-largest economy and is now poised to displace Germany from the third rank in the next 2.5 to 3 years, according to NITI Aayog Chief Executive Officer (CEO) B.V.R. Subrahmanyam. 'We are the fourth-largest economy as I speak. We are a $4 trillion economy as I speak, and this is not my data. This is IMF data. India today is larger than Japan," said Subrahmanyam at a Press conference of the 10th NITI Aayog Governing Council Meeting. The IMF had stated earlier this month in the World Economic Outlook report that India is poised to become the fourth-largest economy globally in 2025, with the country's nominal GDP rising to $4,187.017 billion to surpass Japan's GDP pegged at $4,186.431 billion. According to the report, India continues to remain the world's fastest-growing major economy and the only country expected to clock over 6 per cent growth in the next two years.
Hans India
24-05-2025
- Politics
- Hans India
Telangana and AP CMs To Attend NITI Aayog Meeting in Delhi
The Chief Ministers of the Telugu states, Chandrababu Naidu of Andhra Pradesh and Revanth Reddy of Telangana, are currently in Delhi to participate in the NITI Aayog Governing Council Meeting, taking place at Bharat Mandapam, Pragati Maidan today. The meeting is scheduled to conclude by 4 pm. This marks the first time since 2018 that Telangana's Chief Minister, Revanth Reddy, will attend this crucial meeting. During the session, he is set to unveil the "Telangana Rising 2047" vision, which outlines the state's goals, policies, and plans for good governance and infrastructure development, aiming to secure support from the Centre for its ambitious development by 2047. Meanwhile, Andhra Pradesh's Chief Minister, Chandrababu Naidu, will present his vision document for the state and propose reforms aimed at addressing population growth, river linking, and water management issues—topics of national concern. Each Chief Minister has been allotted seven minutes to present their proposals, and Naidu will utilise this time for his presentation. Before the meeting commences, Prime Minister Narendra Modi will engage with the Chief Ministers and governors, delivering the inaugural address at 10 am.
