India will become 3rd largest economy Prime Minister Narendra Modi voiced optimism on Friday, asserting that India is poised to secure the position of the world’s third-largest economy during the BJP government’s third consecutive term at the Centre.
Speaking at the Bharat Mobility Global Expo held at Bharat Mandapam in the national capital, the Prime Minister highlighted the significant strides made in poverty alleviation over the past decade, with around 25 crore people lifted out of poverty through government initiatives. India will become 3rd largest economy He emphasized that the nation’s current trajectory aligns with the goal of achieving ‘developed’ status by 2047, with the mobility sector playing a pivotal role in this endeavor.
India will become 3rd largest economy
“This is the opportune moment, perfectly aligned with the mobility sector’s growth. India is advancing rapidly, marked by achievements such as reaching the moon. Today, our economy is expanding at a remarkable pace,” PM Modi affirmed.
Acknowledging the rise of a ‘new middle class’ with distinct aspirations, the Prime Minister emphasized the expansion of income and thresholds within this demographic, India will become 3rd largest economy anticipating a significant impact on the mobility sector. He noted a substantial increase in car sales since 2014, with over 21 crore cars sold compared to 12 crore before that period.
“There has been an unprecedented transformation in the mobility sector. India is now propelled by forward-looking policies tailored to future scenarios, India will become 3rd largest economy as reflected in the interim budget. A comprehensive budget will follow after the formation of a new government,” PM Modi explained.
The Bharat Mobility Global Expo 2024 serves as a showcase for India’s capabilities in the mobility and automotive domains. The Expo encompasses exhibitions, conferences, buyer-seller meets, state sessions, a road safety pavilion, and public-centric attractions such as go-karting.
The Prime Minister further said that the country has seen the emergence of a ‘new middle class’ with its own aspirations and hopes
New Delhi, Feb 02: Prime Minister Narendra Modi on Friday expressed confidence that the country will emerge as the third-largest economy in the world during the third straight term of the Bharatiya Janata Party (BJP) government at the Centre.
The Prime Minister was addressing the Bharat Mobility Global Expo at Bharat Mandapam here in the national capital.
“It is certain that India will become the world’s third-largest economy during our third term. During the past 10 years, around 25 crore people have come out of poverty due to the efforts of the government. Today’s India is moving forward with the goal of making the country ‘developed’ by 2047. The mobility sector will play a huge role in the achievement of this goal,” PM Modi said.
“India will become 3rd largest economy during our third term,”
“I have always said that this is the right time. This mantra sits well with the mobility sector. India is on the moon and is moving fast. India will become 3rd largest economy This is the beginning of the golden era for the mobility sector. Today, the economy of the country is expanding rapidly,” he added.
The Prime Minister further said that the country has seen the emergence of a ‘new middle class’ with its own aspirations and hopes.
“There has emerged a new middle class in the country with its own aspirations and hopes. The income and threshold of the middle class have been expanded. These factors will ensure new heights in the mobility sector. Before 2014, there were 12 crore cars sold in India. Since 2014, there has been a sale of over 21 crore cars,” he said.
“Before 2014, there were 2,000 crore electric cars being sold annually. Now, there are around 12 lakh electric cars being sold on an annual basis. India will become 3rd largest economy India has witnessed a 60pc rise in the number of passenger car sales. The sale of two-wheelers has also seen a 70pc rise in the number,” added the Prime Minister.
PM Narendra Modi further said, “There has been an unprecedented change in the mobility sector. Today’s India is relying on new policies, India will become 3rd largest economy keeping in mind the future scenario. This vision is also reflected in the interim budget. However, we will present the full budget after the formation of a new government.”
Bharat Mobility Global Expo 2024 showcases India’s capabilities across the entire mobility and automotive value chains. The Expo will feature exhibitions, conferences, buyer-seller meets, state sessions, a road safety pavilion and also public-centric attractions like go-karting.
