Business

After Many Decades, Delhi Now Understands Economics Under PM Modi: Jim Rogers

Veteran global investor Jim Rogers praised Prime Minister Narendra Modi’s economic policies, saying India is on track to become a developed nation by 2047. In an interview with IANS on Thursday, the 82-year-old investor highlighted the significant changes in India’s economic landscape under PM Modi’s leadership.

Rogers noted that for decades, previous central governments in India made many promises without meaningful action. He said, “For the first time in my life, I think Delhi understands and they mean it.” Rogers believes India’s leadership now truly understands the economic challenges and is actively addressing them.

India’s Economic Growth

India has seen a surge in economic activity, with $8 trillion invested in the last decade, according to a Motilal Oswal report. This investment accounts for more than half of the $14 trillion invested since 1947. Projections show India will invest another $8 trillion in the next five years.

India is set to be the fastest-growing economy in the G20, with a projected GDP growth rate of 7 percent for 2024. The Reserve Bank of India (RBI) forecasts a 7.2 percent real GDP growth for FY 2024-25.

Jim Rogers observes Positive Changes in India

Rogers observed a shift in India’s attitude toward prosperity. He said, “Prosperity is not bad, and success is not bad either.” Rogers admitted to selling his investments in India too soon but now plans to reinvest. He believes India’s future is much brighter.

India’s economic progress continues as 25 crore people have been lifted out of poverty. Domestic consumption and investment are both growing. Jim Rogers’ positive outlook reflects global confidence in India’s continued growth.

Also Read: Adani Power Achieves Top 80 Percentile In S&P’s Global Corporate Sustainability Assessment

Bharat Express English

Recent Posts

Increased Premature Birth Risk Linked To Liver Disease In Pregnant Women

A recent study has highlighted a concerning link between metabolic dysfunction-associated steatotic liver disease and…

5 mins ago

Netflix Revamps App Experience With Vertical Videos And AI-Powered Search

Netflix is rolling out a vertical video feed on its mobile app, marking a major…

17 mins ago

Harshvardhan Rane Slams Mawra Hocane For ‘Derogatory’ Remarks On India

Actor Harshvardhan Rane has strongly criticised Pakistani actress Mawra Hocane’s social media post condemning India’s…

19 mins ago

OnePlus Replaces Alert Slider With ‘Plus Key’ Ahead Of 13s India Launch

OnePlus confirmed that its signature alert slider will no longer be part of its future…

24 mins ago

Government Debunks False Claims About Airfield Strike And Pilot Ejection

Indian government firmly rejected false claims circulating on Pakistani social media platforms, asserting that the…

34 mins ago

Dr Sanjay Kumar Nishad To Address Media In Lucknow On Electro Homeopathy Recognition

Dr Sanjay Kumar Nishad, the National President of the Nishad Party and Cabinet Minister for…

40 mins ago