New Delhi, June 09, 2025 (ANI): Union Minister Hardeep Singh Puri on June 09 said that in the last 11 years of Prime Minister Narendra Modi's government, India has seen major development, with poverty levels falling sharply and the economy growing fast.
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00:00If you look at the work done on the development front in the 11 years, the figures are totally
00:06mind-boggling.
00:07And those figures, if you compare with the previous period in 1947, you could say that
00:15these are transformational figures.
00:18But the most staggering figure, I think, comes from the fact that people living under
00:24poverty, multidimensional or abject poverty, they have been reduced by 279 million, according
00:31to the World Bank.
00:33So if you say 279 million, it's nearly satays here at highest crore of people.
00:42Also the poverty rate has come down from something like 24 percent to 5.3 percent, which is very,
00:49very remarkable.
00:50Now the size of the economy has doubled.
00:52It has gone from a 2 trillion dollar economy to a 4.3 trillion dollar economy.
00:57But what is noteworthy, and there are two features, I think, which are particularly noteworthy.
01:02One is that we are growing at a much faster rate than the countries we have overtaken and
01:06the countries we are competing with.
01:08For instance, UK and Japan, which we overtook to become the fifth and fourth largest economy,
01:12they're not growing at 6.5 percent rate, which we are growing.
01:16They're growing at around 2 percent.
01:18So Germany, which we have to compete with in terms of growth, that is also growing only
01:22at that 2-3 percent.
01:24Whereas we are growing at 6.5 percent, last quarter was 7.4 percent.
01:29Now, a lot of economists will say to reach the Vixit-Marit status, we have to grow by 8 percent.
01:34Maybe we need to accelerate more.
01:36But you know what, people don't realize that if you keep growing at 6.5 percent, 7 percent
01:41over a period of time, every five years the economy doubles and so on.
01:45So I'm not too worried about that.
01:47I think we are the journey towards a Vixit Bharat.
01:50Some solid foundations are being laid, and in the remainder of the Modi 3.0, we'll be able
01:56to lay a firm foundation to being a Vixit Bharat by 2047.