"India to be world's third-largest economy in Modi's third term as PM": Union Minister Jitendra Singh
Jan 30, 2024
Udhampur (Jammu and Kashmir) [India], January 30 : Union Minister Jitendra Singh said that India will emerge as the third-largest economy in the world during the third term of Prime Minister Narendra Modi.
The Central Election Office (Parliament Office) of the Bharatiya Janata Party (BJP) for the Udhampur Doda Parliamentary Constituency was inaugurated in Udhampur today. The inauguration ceremony was graced by Advocate Sunil Sethi, Incharge of the Parliamentary Constituency, and Jitendra Singh.
Addressing the event, Singh said that BJP has done many important works for the development of the country in the last 10 years. He said that the party workers should work to reach out to the people about these works.
"In 2014, when PM Modi took over, India stood as the world's tenth largest economy. In less than ten years, we jumped to fifth position after overtaking the United Kingdom, which had ruled over us for nearly two centuries. Hopefully this year it will emerge as the fourth largest economy and during PM Modi's third term, India will be the world's third largest economy, marching on to become the No.1 economy by 2047," Singh said.
Jitendra Singh said, in the last ten years under PM Modi, India is recording a rapid rise in a slew of global benchmarks.
"During financial year 2023-24, Indian economy grew at 7 per cent plus for the third successive year even as the global economy struggles to grow at more than 3 per cent. We are the third-largest fintech economy in the world after the USA and the UK", he said.
"India has the third largest start-up ecosystem globally and is home to the fastest-growing unicorns. From just about 350 startUps in the year 2014, startUps in India grew over 300 times in over nine years. After PM Modi gave the clarion call 'StartUp India, Stand Up India' from the ramparts of the Red Fort in his Independence Day address and rolled out the special startup scheme in 2016, today we have over 1,30,000 startups, besides more than 110 unicorns," Singh added.
The union minister said that within a short span of just about four years, the number of space startups has gone up from a mere single digit to over 150. Besides, there are more than 6,300 BioTech Startups and over 3,000 Agritech Startups in the Lavender sector of Jammu and Kashmir itself.
