Chandigarh, Sep 3 — Punjab Bharatiya Janata Party (BJP) President Kewal Singh Dhillon on Thursday described India's rapidly growing economy as the outcome of Prime Minister Narendra Modi's capable, visionary and strong leadership, saying that at a time when several countries across the world are facing economic challenges, India is continuously moving ahead on the path of rapid economic growth.
Dhillon said that India recording a GDP growth rate of 7.8 per cent in the first quarter is a clear indication of the country's strong and dynamic economy.
In a statement, the State BJP Chief said that compared to the world's major economies, India's growth rate indicates that the country is now emerging as one of the key engines of global economic growth.
He added that growth of 12.1 per cent in the IT and financial services sector, 9.2 per cent in manufacturing, and 11.9 per cent in investment and infrastructure reflects the success of the Narendra Modi government's policies aimed at promoting industry, investment and infrastructure.
Dhillon said that a 7.1 per cent increase in domestic consumption and 12 per cent growth in exports reflect India's internal economic strength and its growing role in the global market.
He added that India's economy is not merely standing firmly on its own feet but is also steadily increasing its influence as an economic power at the global level.
Dhillon said that India is rapidly moving towards the vision of 'Viksit Bharat 2047' envisioned by PM Modi.
He added that a strong economy, modern infrastructure, rising industrial production, the digital revolution and growing opportunities for the youth are important pillars of this development journey.
He said that under the leadership of the Narendra Modi government, India's confidence and global influence are continuously growing.
"India's rapid economic progress is proving that with the right policies, strong leadership and people's participation, the country can achieve the goal of becoming a fully developed and self-reliant nation by 2047," the State BJP Chief added.