India among the world’s fastest growing economy courtesy GDP growth: President

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New Delhi, Feb 23 (ANI): Laying thrust on the government’s agenda of ‘sabka saath, sabka vikas’, President Pranab Mukherjee on Tuesday said the GDP growth has increased, thereby making India the world’s fastest growing economy among large economies.

Addressing the joint session of Parliament in Central Hall today, Pranab Mukherjee said the government’s innovative initiatives have helped India jump 12 places in the latest rankings by World Bank on the ease of doing business.

Talking about the ‘Make in India’ initiative, the President said it has achieved 39 percent increase in FDI inflow despite adverse global investment climate.

Asserting that the government is making the best use of its assets, President Mukherjee said the ruling dispensation has launched Gold Monetization Scheme and Sovereign Gold Bond Scheme in November 2015 to ensure productive utilization of idle assets.

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He said the government’s concerted efforts to tackle menace of black money have started yielding results.

“Inflation, fiscal deficit and current account deficit have decreased,” he added.

President Mukherjee further said India has recorded the highest ever foreign exchange reserves in 2015. (ANI)

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