Prime Minister Narendra Modi stated that India is the world’s fastest-growing major economy and is soon set to become the third-largest globally. Speaking at a Forum hosted by a private media house in Delhi on Saturday, Mr Modi highlighted that India stands as a beacon of hope for the world with its resilience and strength. Mr Modi said semiconductor-related factories have started coming up in India. By the end of this year, the first Made in India chip will come in the market. He said that work is being done on Made in India 6G.
Mr Modi attributed the growth and resilience being seen in the past ten years to macro economic stability. He said inflation is low, interests are less and forex reserves are also strong. Mr Modi said experts opine that India’s contribution to the world’s growth is going to be around 20 percent very soon. He added that every month, lakhs of domestic investors are investing thousands of crores of rupees in the market through SIP.
The Prime Minister said, in the last 11 years, more than 60 space missions have been completed. He said there are many missions lined up. He said, this year, India have also achieved the capability of space docking and now India is preparing to send its astronauts to space through the Gaganyaan mission. The Prime Minster said India is moving ahead with the goal of a quantum jump. He said reform is neither compulsion nor crisis-driven rather it is commitment and conviction of his government.
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