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India will soon be world’s third-largest economy: PM Modi

by zee business
July 4, 2025
in Finance
Reading Time: 2 mins read
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Prime Minister Narendra Modi on Thursday stated that over the previous decade, India has seen a serious transformation throughout the spectrum, and on the foundations of secure polity and good governance, the nation will quickly be the world’s third-largest financial system.

Throughout his historic Parliament tackle right here, PM Modi stated India already contributes almost 16 per cent to world progress.

“At this time, India is the quickest rising rising financial system. On the foundations of secure polity and good governance, India will quickly be the third largest financial system,” the Prime Minister informed the esteemed home.

PM Modi additional said that India’s demography is paying its dividend.

“India now has the world’s third largest start-up ecosystem. India is an innovation and expertise hub, the place world corporations wish to converge,” stated PM Modi in his tackle.

“We’re recognised because the Pharmacy of the world. Indian ladies right this moment lead in science, house, aviation and sports activities. India landed on the Moon. And, right this moment an Indian is in orbit giving wings to our human house flight mission,” he added.

The Prime Minister additional said that individuals of India have resolved to make India a Developed Nation by 2047, when “we have fun 100 years of Independence”.

“As Ghana continues to pursue the trail of progress and prosperity, India shall stroll with you, shoulder to shoulder, on this highway,” he commented.

In 2015, New Delhi hosted the India-Africa Summit.

“President John Mahama was one in every of our esteemed visitors. In 2017, India hosted the annual assembly of the African Growth Financial institution. Now we have expanded our diplomatic presence to 46 international locations throughout Africa,” stated PM Modi.

Over 200 initiatives throughout the continent improve connectivity, infrastructure and industrial capability. Yearly, the India-Africa Enterprise conclave generates new alternatives.

“In Ghana, we inaugurated the Tema – Mpakadan rail line final yr. It’s the largest infrastructure mission on this a part of the African area. We welcome Ghana’s personal efforts to speed up financial integration underneath the African Continental Free Commerce Space. Ghana additionally holds nice potential to develop into an IT and innovation hub within the area. Collectively, we’ll form a future, stuffed with promise and progress,” the Prime Minister emphasised.

Earlier, PM Modi was conferred The Officer of the Order of the Star of Ghana, the nation’s highest civilian honour, by President Mahama. PM Modi thanked Ghana’s President for the honour and known as it a “matter of immense delight”.



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Tags: EconomyIndiaModiThirdLargestworlds
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