GDP Growth Rate: Commerce and Industry Minister Piyush Goyal expressed confidence that despite global uncertainties, the country's economic growth will be back on track by the end of the current financial year 2024-25. He said that this year too the Indian economy will be the fastest growing economy in the world. Goyal said, 'Elections were held in the first quarter and during elections it is obvious that policy making and decisions on the next phases of growth or spending on infrastructure slow down and its effect was seen.'

Question was asked about 5.4 percent GDP

Goyal said during a program of a private news channel, 'But with the initial data of this quarter and the third quarter, festive spending, return of rural growth, revival in banks, pick-up in spending on infrastructure... I think by the end of the year in March, we will be back on track again.' The minister was questioned about the concern over the GDP growth rate of 5.4 percent in the July-September quarter of the current financial year.

RBI projected it to be at 7 percent

India's gross domestic product (GDP) growth rate fell to a seven-quarter low of 5.4 percent in the July-September quarter of the current financial year 2024-25, while the RBI itself had estimated it to be at seven percent. In the July-September quarter of the last financial year 2023-24, the gross domestic product (GDP) grew by 8.1 percent. It is being told that the GDP figure has fallen to a two-year low.

Goyal said that India's association with modern technologies and innovation in the future will define the country's development story. He said that the negative and false statements of opposition parties will not be able to stop the country's economic growth. Along with this, the Union Minister alleged that opposition parties, including Congress leader Rahul Gandhi, are obstructing the proceedings of Parliament. He said, "They are adamant on false narratives and fake stories."