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What PM Modi said on India becoming world's fourth-largest economy: 'Matter of pride'
PM Modi's remark came days after NITI Aayog CEO BVR Subrahmanyam announced that India's economy had reached the $4 trillion mark.
Prime Minister Narendra Modi on Tuesday confirmed that India has indeed become the world's fourth-largest economy, surpassing Japan. His remark came days after NITI Aayog CEO BVR Subrahmanyam announced that India's economy had reached the $4 trillion mark.
"On 26th May 2014, I took the oath as the Prime Minister for the first time. At that time, India's economy was in the 11th position...Today, India has become the world’s fourth-largest economy. It is a matter of pride for all of us that we have now surpassed Japan...I still remember the excitement across the country when we moved from sixth to fifth place, especially among the youth. The reason was that India had overtaken the United Kingdom, the very nation that had ruled over us for 250 years," PM Modi said.
Subrahmanyam said last Saturday that India has overtaken Japan to become the fourth-largest economy in the world. Speaking at a press briefing after the 10th governing council meeting of NITI Aayog, Subrahmanyam said India’s economy is now worth $4 trillion, and only the United States, China, and Germany have larger economies.
Also read: India becomes $4 trillion economy, surpasses Japan, says NITI Aayog CEO
"We are the fourth largest economy as I speak. We are a $4 trillion economy as I speak," he said.
"If we stick to what is being planned and what is being thought through, in 2.5-3 years, we will be the third largest economy," he added.
PM Modi slams Pakistan
Modi, in a stern message to Pakistan, said that cross-border terrorism will not be called a proxy war anymore because the Pakistani army's flags were placed on the coffins of terrorists who died during India's Operation Sindoor.
"I say this can no longer be called a proxy war because the terrorists whose funerals were held after May 6 were given state honours in Pakistan. Pakistan’s flags were placed on their coffins, and their army saluted them. It proves that terrorist activities are not a proxy war but a well-planned war strategy. You are already at war, and you will receive the response accordingly. We do not seek enmity with anyone. We want to live peacefully. We also want to progress so that we can contribute to the welfare of the world," he said.
With ANI inputs
