Israel’s Finance Minister, Bezalel Smotrich, on Monday, hailed India’s financial prowess and referred to as the Indian economic system “fascinating”. Praising the reforms introduced beneath Prime Minister Narendra Modi, he mentioned that the outcomes converse for themselves on the subject of India’s financial image.
He made the remarks in an unique interview to ANI when requested about how he views the Indian economic system, within the backdrop of remarks made by US President Donald Trump, who had referred to as India a useless economic system.
To this, Finance Minister Smotrich mentioned, “The Indian economic system is fascinating. The reforms that Prime Minister Modi is facilitating without spending a dime markets, competitors…- you possibly can’t argue with the outcomes. With a 6 per cent progress price per 12 months, I feel India’s progress will speed up. I’m positive you are on the suitable path…”
The US President, on July 31, had written on Fact Social, “I do not care what India does with Russia. They’ll take their useless economies down collectively, for all I care. Now we have completed little or no enterprise with India, their Tariffs are too excessive, among the many highest within the World. Likewise, Russia and the USA do virtually no enterprise collectively…”
The optimistic remarks by Israel’s Finance Minister got here on August 29, with the official knowledge exhibiting that India’s actual GDP is estimated to develop by 7.8 per cent within the April-June quarter of the monetary 12 months 2025-26 over the expansion price of 6.5 per cent in the identical quarter of the earlier fiscal.
The Nationwide Statistics Workplace (NSO), Ministry of Statistics and Programme Implementation (MoSPI), has launched the Quarterly Estimates of Gross Home Product (GDP) for the April-June Quarter of the monetary 12 months 2025-26.
At the moment the world’s fourth-largest economic system, India is on observe to change into the third-largest by 2030 with a projected USD 7.3 trillion GDP. This momentum is powered by decisive governance, visionary reforms, and lively world engagement, officers mentioned.