According to a report by Indian Reserve Bank, the global economic prospects are optimistic about India's economic prospects, and major financial institutions predict that economic growth will rise significantly.

India's Reserve Bank said: "Internationally, people are increasingly optimistic that India is at the forefront of the long -awaited economy."

According to the Central Bank of India, the International Monetary Fund (IMF) has raised India's 2023-24 GDP predictions to increase by nearly 2 percentage points.

The International Monetary Fund's "World Economic Outlook" in April 2024 emphasizes the strong momentum of expectations in 2024 and 2025, and attribute it to strong domestic demand and growing labor age.

The Economic Cooperation and Development Organization (OECD) echoed this view in its economic outlook in May 2024 and quoted recent positive indicators and strong investment trends.

The Economic Organization is expected to maintain actual GDP growth by strengthening business confidence and a large amount of investment.

One of the most prominent achievements emphasized by global observer is the significant reduction in poverty.

According to the World Bank's data, when the COVID-19 is the most popular in 2021, only 12.9% of the Indian population lives at $ 2.15 a day, which is the benchmark for extreme poverty.

Recent estimates show that India's extreme poverty is close to extinction, which is a significant change for a country that was once synonymous with poverty.

The Indian Electric Power Department has achieved 100%electrification and included in the national unified power grid.At present, the daily power supply time in rural areas is 20 hours and the urban area is 23.5 hours.

In addition, India has become the world's third largest renewable energy producer, showing its commitment to sustainable growth.

India's digital revolution is also crucial.The number of digital transactions in India ranks first in the world. Villages covering more than 93% of broadband connections are rapidly becoming a digital power.

The Bharat Net project aims to provide high -speed Internet for all villages, and platforms such as digital business open networks (ONDC) are expanding the market access of small enterprises.

India Stack digital public infrastructure is improving productivity, efficiency and employment, while increasing the pertinence of fiscal transfer payment.Agra Investment

Driven by strong mergers and acquisitions (especially in the field of energy), private investment is booming.Although overseas transactions have decreased significantly, cross -border investment is still increasing.Mumbai Investment

India's adaptive and toughness in the global challenges is promoting this growth.

India is the seventh largest service exporter in the world and is also the second largest service exporter in the development of India's house.With the support of the global capacity center, business services are continuously expanding.

Despite a slight decline in software export share, global IT expenditures are expected to increase by 8%by 2024. Driven by the field of consultation, India IT exports may exceed this growth.

The retail industry is also booming. The sales of various categories in the fourth quarter of 2023-24 have increased significantly year-on-year, including sports products, food grocery, clothing, shoes and fast food restaurants.

The green power project worth about 700 billion rupees is expected to be put into operation this year, setting a single -year investment record.

The forecast shows that, driven by the promotion of environmental protection energy policy, the investment in the increase in projects by 2025-26 may reach 765.2 billion rupees.

In April 2024, Indian goods exports increased by 1.1%year -on -year to $ 35 billion.The prospects of software services are still strong, and global IT expenditures will increase significantly.

Inflation showed signs of slowing down. In April 2024, the Consumer Price Index (CPI) rose 4.8%year -on -year to 4.9%below March.

The core inflation rate drops to 3.2%, the lowest level in the current CPI series.However, food inflation rises slightly, and fuel prices have more serious currency tightening.

According to FDI Intelligence, it is expected that by 2024, India will be among the top ten economies of foreign direct investment (FDI).

The report added that although the Indian stock market outflowed $ 1.1 billion in April, the country's foreign exchange reserves increased by 21.7 billion US dollars in 2024, the highest in the main reserve of the country.