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India can't wait to become third largest economy: PM Modi
May-27-2025

As India is poised to overtake Japan and become the world’s 4th largest economy later this year, Prime Minister Narendra Modi has flagged that the pressure to become the third largest economy in the world is greater than the happiness of being the fourth.

During a public gathering in Gandhinagar, the PM Modi said, ‘On 26th May 2014, I took the oath as the Prime Minister for the first time. At that time, India's economy was at 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 ruled over us for 250 years.’

PM emphasized that India’s economic journey is far from over, asserting that the pressure to become the third-largest economy now overshadows the excitement of reaching fourth. He said, ‘The pressure of becoming the third (largest economy) is more than the happiness of becoming the fourth (largest economy). The country is not ready to wait. If someone asks to wait, the slogan is raised ‘Modi hai toh mumkin hai’.’ PM also made it clear that by 2047, India must become a ‘Viksit nation’ and that this milestone will not be celebrated casually but with global pride.

The PM's remarks came amid some confusion around India’s current ranking in the global economy. According to data from the International Monetary Fund, India officially overtook Japan to become the world’s fourth-largest economy, with its GDP crossing the USD 4 trillion mark.


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