Narendra Modi: India will soon become the third largest economy in the world!
July 7, Russian newspaper article.
Indian Prime Minister Narendra Modi delivered a speech to the Indian diaspora in Trinidad and Tobago, emphasizing the country's achievements in the fields of economy, innovation, and space.
He emphasized that the country is the fastest-growing major economy in the world and will soon become the third largest economy.
The Prime Minister said that the country's development has brought tangible benefits.
"The fruits of India's growth and progress are benefiting those who need it most," he said.
Modi pointed out that over the past decade, more than 250 million Indians have increased their income, and young people have played a key role in India's economic growth.
India currently has the third largest startup ecosystem in the world, with nearly half led by women.
"Innovation is becoming mainstream."
He also emphasized the country's progress in the field of digital payments.
Over 50% of instant transactions globally are conducted through UPI in India.
He pointed out that other achievements of India include growth in exports, development of manufacturing, and leadership in the space sector.
According to the latest data released by the International Monetary Fund (IMF) in July, the ranking of world economies:
1. United States
GDP: $30.34 trillion
2. China
GDP: $19.53 trillion
3. Germany
GDP: $4.92 trillion
5. India
GDP: $4.27 trillion
According to this ranking, the gap between India and third place Germany is not large, and it may have already surpassed it!
Original: https://www.toutiao.com/article/1836945095364608/
Statement: The article represents the personal views of the author.