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India's economy recovered very fast after tough phase of Covid pandemic: PM

He was speaking after a virtual ground-breaking ceremony of a boys' hostel

Narendra Modi | Coronavirus | India's economic growth

Press Trust of India  |  Surat 

Narendra Modi (Photo: ANI)
PM Narendra Modi

Prime Minister on Friday said the recovery of India's economy after the difficult phase of COVID-19 pandemic has been robust.

He was speaking after a virtual ground-breaking ceremony of a boys' hostel here.

"After the difficult phase of the pandemic, the Indian economy has recovered very fast. The world is hopeful about India because of this recovery," the prime minister said.

He added that an international organisation had recently said that India is once again on its way to becoming the fastest growing economy of the world.

Modi was apparently referring to International Monetary Fund's report 'Recovery During a Pandemic Health Concerns, Supply Disruptions and Price Pressures', which made a projection that India will grow at 9.5 per cent in the current fiscal. As per the IMF's projection, India will be the fastest growing economy among big countries of the world.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Fri, October 15 2021. 15:24 IST