NEW DELHI, June 22: The Government expects the Indian economy to grow by 7.5% this year, Prime Minister Narendra Modi said on June 22.
In a virtual address at the BRICS Business Forum, the Prime Minister also said the value of the Indian digital economy will reach $1 trillion by 2025.
Highlighting the strength of the Indian economy, he said there is an opportunity to invest $1.5 trillion under the country’s national infrastructure pipelin
“We are expecting a 7.5% growth rate this year that will make us the fastest growing major economy,” Narendra Modi said in his address.
In a “New India”, transformative changes are taking place in every sector, he said, adding that a key pillar of the country’s economic recovery is technology-led growth.
“We are supporting innovation in every sector,” the prime minister said.
The BRICS Business Forum took place a day ahead of a virtual summit of the five-nation bloc.
The BRICS (Brazil-Russia-India-China-South Africa) brings together five of the largest developing countries of the world, representing 41% of the global population, 24% of the global GDP and 16% of the global trade. (Agencies)
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