PM Modi releases big bang numbers on Indian Economy

Prime Minister Narendra Modi recently released significant data on the Indian economy, highlighting several key achievements and developments.

Some of the major points:

Market Capitalization:

India’s market cap has reached a record $5.5 trillion.

Employment:

Employment in India increased by 35% to 64.33 crore over the last six fiscal years.

Indian MSMEs created over 20.5 crore jobs in the past four years, with 39% of MSMEs now owned by women.

Startups:

There are 1.4 lakh recognized startups generating 15.5 lakh jobs.

Exports:

India’s exports grew by 5.5% to $21.2 billion, with a trade surplus of $300 million.

Exports are projected to surpass $800 billion this fiscal year.

Manufacturing Sector:

The manufacturing sector saw an increase of 85 lakh employment opportunities from 2017-18 to 2022-23.

Foreign Direct Investment (FDI):

India’s outward FDI commitments rose to $2.14 billion in June 2024, compared to $1.14 billion in June 2023.

Automobile Sales:

Automobile retail sales rose by 9% in Q1 FY25 to 6.2 million units.

These numbers reflect the robust growth and resilience of the Indian economy across various sectors.