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India's Economic Transformation: Growth, Reforms and Key Milestones, 2014-2024

Money Control · 1y ago

Medial

India has achieved significant economic growth and reforms between 2014 and 2024, becoming the world's fifth-largest economy. With robust policies and a GDP growth rate of 6.7%, India has outpaced global economic giants like the US and China. Reform efforts spearheaded by Prime Minister Modi have attracted foreign investment, increased FDI equity inflows by 82%, and revitalized public sector units. The country's stock markets have soared, financial assets have surged, and savings deposits have increased. Defence reforms have also contributed to boosting indigenous production. Privatization of Air India and consolidation of PSU banking have further strengthened key sectors, highlighting India's strong economic momentum and growth.