Union Home Minister Amit Shah on Saturday said that the Indian economy will become the third-largest in the world by 2027.
Addressing an event in Chennai, Amit Shah said India will become a 5 trillion-dollar economy by 2025. He said that in the last eight years, India has become the fifth-largest economy from the 11th position that it held earlier, leaving Britain behind.
He said, “Even a recent study conducted by Morgan Stanley predicts that no one can stop the Indian economy from holding the 3rd rank in the world by 2027.”
Highlighting the pivotal role the infrastructure sector has to play in achieving the feat, he said, “Be it in the space sector, drone sector, or making India the hub of defence manufacturing, Prime Minister Narendra Modi has brought about major changes in the existing policies,” he added.
He added that according to an assessment by the International Monetary Fund (IMF),India would rank 2nd in the G20 with a 6.8 per cent growth in GDP in 2022-23.
