The country has ‘lifted’ 250 million people out of poverty by giving them access to technology, the prime minister said
India is “filled with a new belief” following the economic landmarks that it has achieved over the past decade, Prime Minister Narendra Modi has told a business event in New Delhi.
Modi began his third term as prime minister in June after his right-wing Bharatiya Janata Party (BJP) and its allies secured a majority in the Lok Sabha, the lower house of parliament. Modi first became prime minister in 2014.
“India is writing a different success story today,” he said, as quoted by the Economic Times, adding that sustained growth would continue. While the global economy grew by 35% over the past decade, India;s economy surged by 90%, he noted.
The fifth-largest economy in the world with a gross domestic product (GDP) of $3.94 trillion in 2024, India is also the fastest growing. By the end of this decade, the country is expected to become the third-largest economy with an annual GDP of $7 trillion.
“India’s progress is becoming part of global headlines,” Modi said, adding that “although statistics have their own importance, it is equally relevant to see how many lives have been transformed.”
