Does India have a $4 trillion GDP already? Nothing formal from the Centre yet.

Numerous political figures celebrated the success, including Devendra Fadnavis, the deputy chief minister of Maharashtra. Despite this, neither the National Statistical Office nor the Finance Ministry responded to the widely shared social media post about India’s GDP surpassing $4 trillion right away.

On Sunday, November 19, India is said to have achieved a historic milestone as its GDP crossed the $4 trillion threshold for the first time. Nevertheless, no formal word has been made on this. On Sunday, Adani Group Chairman and billionaire Gautam Adani, together with two union ministers and Maharashtra Deputy Chief Minister Devendra Fadnavis, celebrated the milestone.

SUMMARY

* On Sunday, November 19, India is said to have achieved a historic milestone as its GDP
crossed the $4 trillion threshold for the first time.

* A screenshot purportedly showing India’s GDP surpassing $4 trillion has been circulated
on social media. It is an unsubstantiated screengrab from the live monitoring GDP fee for
all nations based on IMF data.

* On Sunday, Adani Group Chairman and billionaire Gautam Adani, together with two
union ministers and Maharashtra Deputy Chief Minister Devendra Fadnavis, celebrated
the milestone.

Social media users are sharing an unconfirmed screen capture from the live monitoring GDP stream for every country, which is based on data from the International Monetary Fund (IMF). Numerous prominent BJP leaders have also shared the article.

Many people congratulated one another on social media after this.

“Greetings from India. It would take another two years for India to surpass Japan ($4.4 trillion) and Germany ($4.3 trillion) to become the third-largest country in the world in terms of GDP. The rise of Tricolor persists! Adani posted on the social networking site X, “Jai Hind.”

Numerous political figures celebrated the success, including Devendra Fadnavis, the deputy chief minister of Maharashtra. Despite this, neither the National Statistical Office nor the Finance Ministry responded to the widely shared social media post about India’s GDP surpassing $4 trillion right away.

India’s worldwide moment of triumph when the country’s GDP surpasses $4 trillion. “Unmatched is the ascent of #NewIndia under the leadership of PM @narendramodi ji,” Jal Shakti Minister Gajendra Singh Shekhawat said in a post on X.

G Kishan Reddy, a different Cabinet minister, wrote in a post, “Congratulations on the GDP’s first-ever $4 trillion touch and its continued march ahead. The Modi Ki Guarantee has put the economy on track to reach $5 trillion. Reddy is the head of the Telangana BJP in addition to being the Union Minister for Culture, Tourism, and Northeast Region Development.

“This is what dynamic, visionary leadership looks like!” said Fadnavis. That is how nicely our #NewIndia is developing! Cheers to my fellow Indians as we surpass the $4 trillion GDP mark in our country! More strength and deference to you Hon PM @narendramodi Ji!. “

The head of the BJP in Andhra Pradesh, D Purandeswari, congratulated the country on reaching a $4 trillion economy. The ground-breaking reforms that Prime Minister Shri @narendramodi Ji’s government adopted and carried out over the previous 9.5 years have made this incredible accomplishment possible.”

Since data from different economic sectors are released later than GDP figures for individual nations, it is exceedingly challenging to follow GDP figures in real time.

India continued to be the fastest-growing major economy in the world with a GDP growth of 7.8% during the April–June 2023–2024 quarter, the highest in the previous four quarters, thanks to double-digit growth in the services sector.

China’s 6.3% GDP growth during the same quarter is less than the 7.8% GDP growth in the June quarter.

According to a July research by the PHD Chamber of Commerce and Industry, the Indian economy is expected to grow by more than $4 trillion in the fiscal year 2024–2025. Additionally, it stated that it is anticipated that the nominal GDP per capita will surpass $2800.

India’s economy may grow from its present $3.4 trillion to a $6.7 trillion one by 2031 if it maintains an annual growth rate of 6.7% for seven years, according to a forecast published in August by S&P Global.

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