India to Become World’s 3rd-Largest Economy by 2030, Projects S&P ReportNationalBreaking

India is set to become the third-largest global economy by the fiscal year 2030-31, driven by a projected annual growth rate of 6.7%, according to a report from S&P Global.The report highlighted India’s status as the fastest-growing major economy, achieving a remarkable 8.2% growth rate in FY24, surpassing the government’s earlier forecast of 7.3%.The report, titled “India Forward”, highlighted the importance of infrastructure development and strategic geopolitical moves in maximising trade opportunities. Abhishek Tomar, Head of the S&P Global India Leadership Council and Chief Data Officer for S&P Global Market Intelligence, remarked that India’s medium-term outlook is promising, with significant opportunities in sectors such as trade, agriculture, and artificial intelligence (AI). He further noted that the country’s young and dynamic workforce is well-positioned to drive future growth.



Odisha Chief Minister Mohan Charan Majhi, celebrating 100 days of BJP governance, claimed that his administration has fulfilled election promises within a set timeframe. At a special event in Puri, he outlined the government’s commitment to building a “Viksit Odisha” by 2036.Highlighting significant initiatives, Majhi mentioned the opening of four gates of the Shree Jagannath Temple in Puri and the unlocking of the Ratna Bhandar. A Rs 500 crore corpus fund has been created for temple management, alongside a Rs 200 crore fund for preserving Odia identity.Majhi also announced the launch of Subhadra Yojana to provide financial aid to women, a promise made by Prime Minister Narendra Modi. The BJP government has taken strong steps against corruption, with 71 cases registered in 100 days and 58 officials, including high-ranking officers, arrested.

The BJP government in Odisha has decided procure one crore metric tonnes (MT) paddy from farmers during the kharif marketing season (KMS) 2024-25 at an enhanced minimum support price (MSP) of Rs 3,100 per quintal.During a review meeting for the preparations for implementation of the enhanced MSP for paddy, Chief Minister Mohan Charan Majhi on Wednesday directed officials to streamline paddy procurement process at mandis and ensure that farmers benefit from the increased MSP.

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