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
Weekly Current Affairs One-Liners Current Affairs 2025 plays a very important role in competitive examinations…
The Ministry of Electronics and Information Technology (MeitY) has launched ‘PARAM SHAKTI’, a powerful new…
Akasa Air, India’s youngest airline founded in 2020, has become a member of the International…
The Government of India focuses strongly on the welfare and empowerment of women and children.…
The 53rd edition of the New Delhi World Book Fair (NDWBF) 2026 will be held…
The 98th Academy Awards, also known as Oscars 2026, have recognized five Indian films as…