India to be world’s third-largest economy: PM Modi guarantees

| Updated: 05 February, 2024 9:28 pm IST

NEW DELHI: Prime Minister Narendra Modi, during a recent speech, ahead of the General Elections, restated his commitment to boost the Indian economy. Instead of specifying a figure, he expressed that in his third term, India would become the world’s third-largest economy.

In Delhi, during his response to the Motion of Thanks on President Droupadi Murmu’s speech, Modi highlighted the contrast between his development agenda and what he termed as the Opposition’s negative approach.

“The world is influenced by India. The G20 summit is a testament to this. In our third term. India will be the third largest economy in the world and this is Modi’s guarantee,” stated the PM.

“When we say that we’ll become the third largest economy, the Opposition says it will happen on its own, nothing big. I want to tell the youth how it is done and what is the government’s role in this,” he added.

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Quoting the Finance Minister Nirmala Sitharaman’s statement from February 2014, PM Modi pointed out, “India was the 11th largest economy in 2014. Today, India is the 5th largest economy, and yet they (Congress) are silent. They saw a vision that India will be the third largest in 30 years. We will not allow the nation to wait for so long. It is Modi’s guarantee that in our third term, India will be the third largest economic power.”

Speaking about the Opposition, Modi remarked, “My promise to take India to the third spot in the third term should ‘make the Opposition happy,’ since they were happy with the 11th spot.

“On the basis of the experience of 10 years of governance, looking at today’s strong economy and the rapid speed with which India is progressing today, I can confidently say that in our third term, India will be the third largest economic power.”

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PM Modi also listed the achievements of his government in the last 10 years since 2014.

“We built 4 crore houses for the poor. For the urban poor, we built 80 lakh pucca houses. Had these been built at the speed of Congress…it would have taken 100 years to do this work. Five generations would have passed by then,” he said.

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