India Predicted to Become Third Largest Economy in Modi's Potential Third Term

Union Minister Dr. Jitendra Singh has confidently expressed that India is on course to become the world's third-largest economy during Prime Minister Narendra Modi's anticipated third term. This rise is attributed to India's considerable progress under PM Modi's leadership, through various initiatives which have propelled its economic position forward.

Economic Milestones Under Modi's Governance

Since Modi's inaugural term in 2014, India has made significant leaps in the global economic hierarchy. From ranking tenth, India has overtaken the United Kingdom and is now posited to claim the fourth spot this year. Dr. Singh emphasized the aspirational goal of reaching the topmost position by 2047 and stressed that maintaining the momentum is critical for this trajectory.

Unprecedented Growth in Start-ups and Technology

The minister pointed to the remarkable growth in the technology and start-up sectors as evidence of the country's economic potential. With India's fintech economy standing third globally and the start-up ecosystem swelling to over 130,000 entities, the pace of growth is impressive. The number of space start-ups has risen exponentially, alongside burgeoning sectors like BioTech and AgriTech. Moreover, the Lavender sector in Jammu & Kashmir serves as a testament to the innovation and enterprising spirit within Indian agriculture.

Infrastructure and Innovation Developments

Highlighting the infrastructural and innovative progress, Dr. Singh cited global index improvements and significant projects revived or initiated in his constituency, signaling comprehensive national development. The advent of the 'Purple Revolution', improved connectivity, and modern healthcare and wellness facilities underscore the transformative changes undertaken.

Dr. Singh's narrative also spotlighted the importance of making citizens aware of these advancements, particularly amongst youth and women, to sustain and cherish these developmental strides.

Economy, India, Growth, Startups, Innovation