PM Modi is set to address at the G7 meeting as India's economy continues to grow.

New Delhi, June 17  In light of India's position as the world's fastest-growing economy and the only nation to achieve GDP growth of more than 6%, Prime Minister Narendra Modi will speak at the G7 advanced nations' outreach session the following Tuesday.

India has surpassed the other G7 nations in terms of economic growth, with a 6.2% GDP growth predicted for 2025, according to IMF data. The US is predicted to post a 1.8% growth rate, followed by Canada at 1.4% and the UK at 1.1%. Japan and France follow, both of which are expected to record 0.6 percent GDP growth. With a GDP increase of 0.4%, Italy is sixth among the G7 nations, while Germany is in last place with an economic growth of 0% predicted due to the global slowdown.

India's industrial growth rate of 5.9 percent for 2024 is also significantly higher than that of the other G7 nations, with Canada reporting a 1.2% increase in industrial production, followed by the US (0.9%), the UK (0.7%), France (0.5%), Italy (0.3%), Japan (0.2%), and Germany (-) 0.1% in industrial production.

In a similar way, Italy has the highest purchasing managers index number among the G7 (54.1), while India leads the group in the services sector with a score of 60.1.

France trails with a services PMI index of 50.1, followed by the UK (52.9), Germany (52.9), the US (51.4), Canada (51.1), and France (53.1). The crucial point on the PMI index that distinguishes expansion from contraction is 50.

Despite not being a permanent member of the G7 bloc, India has received multiple invitations to join the summit due to its increasing geopolitical and economic significance.

Prime Minister Modi arrived in Canada on Tuesday following his trip to Cyprus. He will meet with host Canadian Prime Minister Mark Carney and other G7 leaders in bilateral sessions. He is scheduled to leave on Tuesday night for a trip to Croatia.