PM Modi’s Ambitious Vision: India to Emerge Among World’s Top 3 Economies in HisThird Term

PM Modi’s Ambitious Vision: India to Emerge Among World’s Top 3 Economies in HisThird Term

Ira Singh
26 July’23

In a bold and ambitious statement, Prime Minister Narendra Modi announced his government’s vision to propel India among the world’s top three economies during his third term in office. “On the basis of track record, in the third term of our government, India will become the world’s third-largest economy. (Yeh Modi ki guarantee hai) This is Modi’s guarantee,” the prime minister said while addressing the inauguration ceremony of the International Exhibition-cum-Convention Centre (IECC) complex, rechristened as Bharat Mandapam, according to sources.

Modi government will complete 10 years in office next May and he is seeking a third term on development plank.

“We have to achieve the target of making India a developed nation in the next 25 years,” he said after unveiling a world-class convention centre in the heart of the national capital. India can definitely eradicate poverty, he said citing a NITI Aayog report that talked of 13.5 crore poor being lifted out of poverty,as per media reports.

Reeling out statistics of development from the number of airports to railway line electrification to expansion of city gas during his nine-year tenure, the Prime Minister said India was the 10th largest economy when the BJP government took office in 2014. The country is now ranked fifth in the world behind the US, China, Germany and Japan.

He said that Bharat Mandapam, which will host the G20 summit in September under India’s presidency, will promote conference tourism. “World will witness rising stature of India when newly built Bharat Mandapam will host G20 summit,” PM Modi said.

“We are not only growing bigger, but we are also growing faster.. When India grows, the whole world grows,” he added.

The IECC complex is India’s largest MICE (Meetings, Incentives, Conferences, and Exhibitions) destination. In terms of the covered space available for events, the complex finds its place among the top exhibition and convention complexes in the world. It comprises multiple modern facilities, including convention centres, exhibition halls and amphitheatres.