Economic Indicators and Various Reports On It- GDP, FD, EODB, WIR etc

A rising tide lifts all boats


From UPSC perspective, the following things are important :

Prelims level: Human Papillomavirus vaccination

Mains level: India's economic growth and achievements

BJP on X: "India emerges as the fastest growing economy of the world in IMF  report with growth rate of 7.4%." / X

Central Idea:

India has experienced a significant economic transformation, becoming the world’s fastest-growing economy. The Interim Budget reflects this progress, emphasizing preventive healthcare, innovation, and medical value travel. The private sector’s rising role is crucial for economic development and improving the overall quality of life.

Key Highlights:

  • India’s rapid economic growth, outpacing the global average.
  • Successful space program and adept management of renewable and non-renewable energy.
  • Interim Budget aligns with the aspirations of a new India, emphasizing opportunities.
  • Focus on preventive healthcare, particularly the promotion of HPV vaccination.
  • Maternal and child health prioritized to enhance women’s participation in the workforce.
  • Commitment to innovation with a ₹1 lakh crore corpus for research and technology.
  • Medical value travel’s rising prominence, making India a global healthcare destination.
  • Private sector’s significant role in economic growth and shaping the future.

Key Challenges:

  • Ensuring sustained economic growth amidst global uncertainties.
  • Scaling up preventive healthcare initiatives to cover various diseases.
  • Balancing budget allocations to address healthcare needs adequately.
  • Overcoming infrastructure challenges for medical value travel.
  • Ensuring inclusive growth and managing disparities in economic development.

Key Terms:

  • HPV Vaccination: Human Papillomavirus vaccination to prevent cervical cancer.
  • Medical Value Travel: Tourism driven by healthcare services.
  • Innovation Revolution: Emphasizing technology and research for development.
  • Interim Budget: A temporary budget presented in the middle of a fiscal year.

Key Phrases:

  • “Buoyancy of metrics and spirit.”
  • “Innovation as a key pillar of development.”
  • “Medical value travel transforming the landscape.”
  • “Private sector rising beyond expectations.”

Key Quotes:

  • “No country can afford it if its citizens fall ill.”
  • “Innovation has the potential to create a significant impact at scale.”
  • “India will truly be limitless if we continue to work together.”


  • Reference to Aragonda in Andhra Pradesh, a village where HPV vaccination is being promoted.
  • Mention of ‘Heal in India’ transforming the healthcare landscape.

Key Statements:

  • “India’s space program has won the admiration of the world.”
  • “Preventive health is crucial for the overall well-being of the nation.”
  • “The private sector plays a meaningful role not just in the economy but in how we live our lives.”

Key Examples and References:

  • India’s success in achieving a 70-year life expectancy with less than 2% budgetary allocation for health.
  • The commitment of ₹1 lakh crore for innovation and technology in the Interim Budget.

Key Facts:

  • India’s economic growth rate surpassing the global average.
  • Increase in life expectancy from 53 to 70 years in the last four decades.

Key Data:

  • ₹1 lakh crore corpus for research and technology in the Interim Budget.
  • India’s growth rate compared to the global average.

Critical Analysis:

  • The article provides an optimistic view of India’s economic growth and achievements.
  • Emphasis on preventive healthcare and innovation aligns with global trends.
  • Challenges include addressing healthcare needs comprehensively and ensuring inclusive growth.

Way Forward:

  • Sustain economic growth through continued emphasis on innovation and technology.
  • Strengthen preventive healthcare initiatives for comprehensive disease prevention.
  • Address infrastructure challenges for medical value travel to enhance India’s global healthcare appeal.
  • Ensure inclusive growth, managing economic disparities effectively.

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