This Article First Appeared In The Hindu On Nov 10, 2023
It is a vindication of the success of India’s development record that the rising aspirations of citizens are being matched by their belief that these aspirations will be realised in their lifetime
The Indian economy has grown at an impressive rate in the post-COVID-19 years. In FY2023, it grew year-over-year (YoY) at 7.2%, the fastest among major economies. In FY2024, the International Monetary Fund (IMF) projects India’s YoY growth at 6.3%, again the fastest among major economies. For those yet to absorb its full import, the tagline, ‘fastest-growing major economy,’ calls for some elaboration.