This refers to the report, “Achchhe din for economy as GDP grows by 7.6%” (June 1). A growth rate at 7.9 per cent in the fourth quarter and an overall 7.6 per cent in the financial year 2015-2016, as against the projected 7.2 per cent, is the fastest growth rate in major economies of the world. It vindicates World Bank chief Jim Yong Kim’s observation that in times of global economic recession India is a shining star.
Obviously, the Modi Government’s reform initiatives have started bearing fruits in spite of the hurdles created by the Opposition, particularly the Congress, which has been obstructing crucial Bills like the Goods and Services Tax Bill, even as its implementation can boost the growth rate by one per cent to two per cent. Achche din for the economy are here within two years and still there are three more years left.