In June 2024, the Dust of the Indian election was settled, and Prime Minister Modi will also open the third prime minister's term.Under Modi's leadership, in the first quarter of 2024, India's GDP increased by 7.8%year -on -year, becoming the fastest -growing economy in the world.The strong domestic demand, government capital investment and the recovery of private investment have played a key role in promoting India's economic growth.

The quarterly growth rate of GDP in IndiaUdabur Wealth Management

Although the economic growth rate is obvious, it is necessary to further observe whether the global economic activity has slowed down.In addition, India's current high inflation and the influence of unstable geopolitical crises will bring uncertain factors to the future economic growth.As of June this year, India's inflation rate rose to 5.08%, refreshing new highs since February this year.Since 2016, the Bank of India has officially regarded the 4%CPI growth rate as an inflation target, and pursued to control the inflation in the 2%-6%range. Obviously, the current inflation rate has approached the upper limit of the target range.Earlier, India was affected by high temperature weather, which led to the continued high food prices, and it was also one of the important factors for inflation to rebound sharply.Looking at it later, if India can improve high inflation as soon as possible, even the goal of falling to 4%during 2024 will play a vital role in its economic development.

Modi also followed the "7 -year goal" after the re -electionSurat Stock. In the next 7 years, India plans to attract $ 110 billion in direct investment overseas each year to promote domestic economic growth, including electronic manufacturing, automobiles, infrastructure and other fields.Helps India to achieve an economic growth rate of more than 10%per year.According to the latest data of the Indian Bank of India, more than 60%of overseas direct investment flows to manufacturing, energy, IT services and other industriesHyderabad Investment. Although India has been disturbed by various factors during the epidemic, overseas investment has fallen sharply, but so farThe trend of warming up is obvious, and it is still stronger than the performance of other economies.Taking the May Forecast of the International Monetary Fund as an example, a higher evaluation of its future economic growth is also higher than the level of other developed economies in the world.