In a recent address to the Indian diaspora community in France, Union Minister Piyush Goyal announced that India is set to become the third-largest economy in the world by 2027. Currently the fifth-largest economy, India has been experiencing an average annual growth rate of around 7% over the last decade, driven by factors such as a growing middle class and a focus on innovation and entrepreneurship.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Goyal cited the country’s export performance, which reached USD 750 billion in the 75th year of independence, as evidence of India’s upward trajectory.
He also highlighted India’s role as a global pharmacy, food bowl and trusted partner, with the world looking to Prime Minister Modi’s leadership to tackle current global challenges.
Goyal affirmed India’s commitment to its partnership with France, and called on the Indian diaspora to play a crucial role in furthering this partnership.
With an ambitious target to become a 30-35 trillion-dollar economy by 2047, when India celebrates 100 years of independence, the country faces significant challenges such as infrastructure deficits and income inequality, but also boasts a vibrant startup ecosystem and a focus on sustainable development.
Find More News on Economy Here
India’s largest airline, IndiGo, has witnessed widespread flight cancellations and delays, affecting thousands of travellers…
The world is entering a new technological era — one where quantum computing, quantum communication…
The World Meteorological Organization (WMO) has issued its latest ENSO (El Niño–Southern Oscillation) Update, predicting…
Marking its 25th anniversary, IFFCO-TOKIO General Insurance Company (GIC) announced a new initiative aimed at…
New York-based AI company Runway has launched Gen-4.5, its most advanced text-to-video generation model to…
Following good monsoon rains, migratory birds like storks, pelicans, painted storks, and bar-headed geese have…