India Accelerates Toward Becoming the World’s Third-Largest Economy, says PM Modi

Prime Minister Narendra Modi announced that India is moving rapidly toward becoming the world’s third-largest economy, reaffirming the country’s position as one of the fastest-growing major economies globally.

Speaking at the launch of Bengaluru’s Metro Phase-3 foundation, a ₹15,610 crore project, and the inauguration of the Yellow Line along with three new Vande Bharat Express trains, Modi highlighted the nation’s recent strides in infrastructure, connectivity, and defense. He praised the role of advanced technology and indigenous manufacturing in strengthening India’s capabilities, particularly citing the success of Operation Sindoor as an example of the country’s growing defense self-reliance.

Modi emphasized the vision of Aatmanirbhar Bharat (self-reliant India), noting that domestic production and technological independence are vital to sustaining high growth and ensuring economic resilience. He pointed out that India has advanced from being the world’s tenth-largest economy to the fifth in just over a decade, and is now determinedly working to break into the top three.

He also underlined the importance of future-ready infrastructure in cities like Bengaluru, which he described as hubs of innovation and opportunity. Projects like the Metro expansion, high-speed trains, and improved connectivity are expected to boost productivity, attract investment, and improve the quality of life for citizens.

In addition to government initiatives, India’s economic momentum is supported by strong macroeconomic fundamentals and increasing contributions to global growth. The country’s large and youthful population, rapidly growing digital infrastructure, and expanding manufacturing sector are key drivers of its upward trajectory.

Industry leaders have expressed confidence in India’s long-term prospects, with projections suggesting the economy could reach $25 trillion by 2050. According to Modi, this journey will be powered by innovation, skill development, and an unwavering commitment to self-reliance.

With strategic investments, visionary planning, and a strong focus on technology, India is poised not only to achieve the third spot in the global economy rankings but also to become a major force shaping the world’s economic future.