India Will Be Among World's Top Three Economic Powers Before Long: PM

Modisaid the proposed India-Middle East Europe Economic Corridor will revolutionise regional and international trade

Prime Minister Narendra Modi said while the world is grappling with economic crises in the post-Covid-19 situation, the Indian economy is continuing to gain strength, and the day is not far when India will be among the top three economic powers of the world.

He said this while inaugurating the third edition of the Global Maritime India Summit 2023 in Mumbai via videoconferencing on Tuesday.

Modi unveiled on the occasion the Amrit Kaal Vision 2047, a blueprint for the Indian maritime economy, and to realize it, inaugurated, dedicated to the nation, and laid the foundation stones for projects worth more than Rs 23,000 crore.

At the last Global Maritime India Summit in 2021, he had said the world was “sunk deep in uncertainties” due to the pandemic. “Nobody knew the situation that would emerge finally. One now can see a new world order taking shape, and in this world order, India is being viewed with much expectation,” he had said.

The prime minister said history bears testimony that India’s maritime capabilities have always benefited the world. In the last nine years, several steps were taken by the Government to strengthen the sector.