No-confidence motion: Despite global headwinds, India economy doing well, Nirmala Sitharaman says in Lok Sabha | India News

“In 2013, Morgan Stanley had included India in the list of five fragile economies of the world. India was declared a fragile economy. Today, the same Morgan Stanley upgraded India and gave it a higher rating. In just 9 years, the economy rose and saw economic development due to the policies of our govt – despite Covid. Today, we are the fastest growing economy of the world.” Sitharaman said while participating in the debate on the no-confidence motion in the Lok Sabha.
Global economy grew just over 3 per cent in 2022 and the World Bank is now forecasting that it will decline to 2.1 per cent in 2023. Meanwhile, India’s real GDP growth in 2022-23 stood at 7.2 per cent. It is projected to grow at 6.5 per cent in 2023-24,” the FM said.

Prime Minister Narendra Modi is set to reply to the no-confidence motion at 4pm today.
Today is the last of the debate on the no-confidence motion moved by the Congress against the Modi government over violence in Manipur.