PM Modi releases significant economic figures for India.

The Big Bang Numbers report revealed significant achievements in India’s economy. The country has seen remarkable growth in various sectors. The construction of the world’s highest tunnel at Shinkun La by the Prime Minister on the state boundary between Ladakh and Himachal Pradesh is a notable milestone.

One highlight is the substantial contribution of Indian MSMEs which created over 20.5 crore jobs in the span of four years. Additionally, it is reported that 39 per cent of MSMEs in the country are now owned by women. The employment sector in India has seen a notable increase, with a 35 per cent rise to 64.33 crore jobs over the last six fiscal years.

The manufacturing sector, including formal and informal entities, saw an increase of 85 lakh employment opportunities from 2017-18 to 2022-23. India’s exports also exhibited growth, reaching $21.2 billion, resulting in a trade surplus of $300 million. Notably, electronic goods exports in India rose by 16.9 per cent in June, reaching $2.82 billion.

India’s trade deficit narrowed to $20.98 billion in June from $23.78 billion in May. Furthermore, the country’s outward foreign direct investment (FDI) commitments rose to $2.14 billion in June 2024. The overall scenario in the Indian market suggests that it is performing well, as evidenced by the fact that India Inc. raised Rs 32,619 crore from overseas bonds in 2024.

Foreign portfolio investors also infused Rs 30,772 crore into Indian markets. The Indian payment market, particularly the card payments market, is set to experience a substantial surge of 11.3 per cent in 2024, reaching Rs 28.4 trillion. The positive trend extends to the real estate sector as well, with Global Capability Centers completing 6,667 leasing deals, marking a 16 per cent increase in India.

As for other economic indicators, around 6 crore Income Tax Returns (ITRs) were filed for FY24, with 70 per cent submitted under the new tax regime. Notably, domestic air passenger traffic increased by 5.76 per cent to 13.2 million in June from 12.4 million last year. Automobile retail sales also reflected a positive trend, rising by 9 per cent in Q1 FY25 to 6.2 million units.

In the luxury car segment, both Porsche India and BMW India showed remarkable growth. Porsche India’s sales grew by 40 per cent in the January-June period. Meanwhile, BMW India set records in H1 2024 with 7,098 cars, 3,614 bikes, and 2,000 EVs sold from 2018-2023.

This comprehensive report highlights the significant progress and positive economic trends in India across various sectors. (Note: This text has not been edited by NDTV staff and is auto-generated from a syndicated feed.)