India started making its own identity in the world since the year 2014. After the Narendra Modi government came to power in India, India’s image at the global level has also improved.
New Delhi : Lok Sabha elections are going on in full swing in the country. These elections will be held in 7 phases, out of which voting has been done in 5 phases so far and voting in the sixth phase is to be held today. The results of the Lok Sabha elections are going to be announced on 4 June. Last week, Prime Minister Narendra Modi has indicated that the country is moving towards becoming a ‘super power’ and the growing economy of the country is also proving this claim of the Prime Minister to be true.
The stock market has picked up its pace just before the election results are announced. On Thursday itself, the BSE Sensex has touched a new high by breaking the record. At the end of trading on Thursday, the Sensex ended at 75,418.04 with a gain of 1196.98 points or 1.61 percent.
Nifty also made history
Along with Sensex, Nifty also showed its magic. On Thursday, Nifty50 created history by jumping 369.85 points or 1.64% to reach the level of 22,997.65. This is the new all-time high level of Nifty. As the day’s trading progressed, Nifty also increased its speed.
Market cap crosses 5 trillion
Last Tuesday, Bombay Stock Exchange also created history like Sensex and Nifty. For the first time, the market cap of BSE also crossed the figure of 5 trillion dollars. India has become the fifth country to do so.
RBI made a big announcement
The Reserve Bank of India has also reported that this year the banks’ earnings have seen a massive jump of Rs 3 lakh crore, due to which a huge dividend of Rs 2.11 lakh crore has been given. Every year the Reserve Bank transfers the dividend income from government investments to the central government in the form of a fixed amount. Last year, RBI generated and gave a dividend of about Rs 87,416 crore to the Center.
UN seal
The United Nations has approved India’s growing pace and considering India’s growth rate, the UN has declared India as the fastest growing major economy. The UN has increased the growth estimates of the Indian economy by 0.7 percent to 6.9 percent in the year 2024. Hamid Rashid, head of the United Nations’ Global Economic Monitoring Branch, has stated that India’s growth will also be supported by better outlook, low inflation, strong exports and increased foreign investment.
