Categories: Economy

India will be third largest economy by 2027-28: Piyush Goyal

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

India will be third largest economy by 2027-28: Recent Performances:

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.

India: A Developed Nation by 2047:

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

Piyush Shukla

Recent Posts

India Begins ‘Poorvi Prahaar’ Tri-Services Drill After China Disengagement

India has launched a significant tri-services military exercise, 'Poorvi Prahaar,' beginning November 8, aimed at…

8 mins ago

Which Indian State is Known as Tribal Heart of India?

India is a country with a rich cultural heritage and diverse population. Among its many…

35 mins ago

National Cancer Awareness Day 2024, Date, Significance, and History

National Cancer Awareness Day is observed annually on November 7 in India, a day dedicated…

35 mins ago

Anil Pradhan Honored with Rohini Nayyar Prize

Anil Pradhan has been awarded the prestigious Rohini Nayyar Prize for 2024, recognizing his impactful…

49 mins ago

Indian Military Heritage Festival 2024: A Tribute to India’s Military Legacy

The 2nd edition of the Indian Military Heritage Festival (IMHF) is set to begin on…

1 hour ago

ISA Launches World Solar Report Series

The 3rd edition of the World Solar Report series was launched at the 7th Assembly…

2 hours ago