| | JUNE 20238Amarjyoti Barua has been named executive vice president, group strategy at Mahindra Group. In this role, he will lead the Group strategy office, collaborating closely with the Group's overall business portfolio. The investor relations function will now be integrated into Group Strategy. Anish Shah, managing director and CEO of Mahindra Group, will report to Barua on the Group Executive Board."We are thrilled to have Amar join the Mahindra Group." Group strategy is a driving force in driving strong business outcomes by collaborating closely with sectors across the Group. "Amar brings a wealth of knowledge and experience in financial and operational transformation, which will significantly contribute to Group Strategy," Shah said in a statement.Barua worked for Baker Hughes for over six years before joining the Mahindra Group. In his previous position as senior vice president - Oil Field Services & Equipment (OFSE), he oversaw the financial and operational transformation of OFSE, which has a presence in more than 120 countries and generates $14 billion in revenue.He lives in Mumbai with his wife and two sons and holds an MBA from FMS Delhi and a Bachelor's in Economics (Hons) from Hindu College, Delhi University. Prior to this, he worked for GE for 18 years, living and working in eight different countries across multiple industry verticals. In the words of Nirmala Sitharaman, Union Finance Minister, India's GDP would reach $3.75 trillion in 2023 from over $2 trillion in 2014.India's place as the fifth-largest economy was cited by the finance minister as a "bright spot" in the world economy. As predicted by the IMF, India is now just behind the US, China, Japan, and Germany as the fifth-largest economy in the world, having surpassed the UK last year. India was ranked 11th among the major economies ten years ago.The country's economic endurance in the face of numerous hurdles was recently highlighted by a stronger-than-anticipated fourth quarter that increased India's growth to 7.2 percent in FY23, beating the seven percent mentioned in the second advance estimates given in February.According to the National Statistical Office's (NSO) most recent provisional estimates, real GDP growth for 2022­2023 was 7.2 percent rather than the originally predicted 7.0 percent.According to government data, the gross domestic product (GDP) increased sequentially from the upwardly revised 4.5 percent in the prior quarter to 6.1 percent in the March quarter. 20 economists were surveyed, and their median growth prediction for the fourth quarter was 5.1 percent.Recently, Chief Economic Advisor Dr. V Anantha Nageswaran praised the anticipated real GDP growth of 7.2 percent in 2022­2023 and expressed optimism that the growth would be greater when the fiscal year's final data were finalised in early 2026. MAHINDRA GROUP NAMES AMARJYOTI BARUA AS EXECUTIVE VP OF GROUP STRATEGYINDIA'S GDP TO CLIMB TO $3.75 TRILLION IN 2023, SAYS FINANCE MINISTERIN FOCUSIN FOCUS
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