
Modi's I-Day speech: 'India to be third biggest economy in five years,' claims PM
New Delhi: Listing out achievements of his government in the past nine plus years, Prime Minister Narendra Modi on Tuesday said India will become the third largest economy in the world in the coming five years.
In his address to the nation on 77th Independence Day, Modi underlined the progress made by the country in many areas such as health, education, social welfare, economic development and geo-politics.
The Prime Minister said rating agencies have recognised the strength of the Indian economy and global experts are saying India will not stop.
He also underlined the rise of the middle class and claimed that 13.5 crore people had come out of poverty.
In 2014 we were the 10th largest economy in the world. Today, with the efforts of 140 crore citizens we have become the 5th largest economy in the world: PM @narendramodi #IndependenceDay#IndependenceDay2023 pic.twitter.com/DXCL0mykER
— PIB India (@PIB_India) August 15, 2023
"In the past five years, more than 13.5 crore brothers and sisters came out of poverty and became a part of the neo-middle and middle class," PM Modi said.
He also announced the launch of a scheme for skill-based workers called Vishwakarma Yojana and another scheme of interest relief on housing loans for the urban poor living in chawls, slums and unauthorised colonies.
The Vishwakarma Yojana will be launched with the initial outlay of Rs 13,000-15,000 crore seeking to benefit skilled workers like goldsmiths, blacksmiths, masons and barbers who mostly come from the OBC class. The scheme for the urban poor would provide interest relief on loans taken for constructing houses.
While stating that his government was committed to empowering people, strengthening the economy and eradicating graft, Modi said the next five years are for unprecedented development.
I firmly believe that in 2047, when the country will celebrate 100 years of independence, India will become a developed nation: PM @narendramodi#IndependenceDay#IndependenceDay2023 pic.twitter.com/xIwgUuS9FM
— PIB India (@PIB_India) August 15, 2023
"The biggest golden moment to realise the dream of 2047 is the coming five years," he said, clearly seeking a mandate for another five-year term with an eye on next year's general election.
Modi said that his government's goal is to make India a developed country by 2047.
Top Headlines
-
News
Pakistan threatens to suspend all agreements with India, including Simla Pact, after New Delhi's actions
April 24, 2025
-
News
At least 27 killed in Pahalgam terror attack in Kashmir, Amit Shah reaches Srinagar
April 22, 2025
-
News
Narendra Modi, Elon Musk discuss Indo-US tech collaboration
April 18, 2025
-
News
White House says China to face 245% tariff
April 16, 2025
-
News
Donald Trump's latest tariff hike on Beijing brings additional rate on some Chinese goods to 145 pct: White House
April 10, 2025
-
News
Flight carrying 26/11 accused Tahawwur Rana departs US, to land in Delhi tomorrow
April 09, 2025
-
News
After end of deadline, White House confirms 104 percent tariffs on China: Reports
April 08, 2025
-
News
PM Modi to inaugurate new Pamban Rail Bridge, connecting Rameswaram to mainland, today
April 06, 2025
-
News
Thousands hit streets across US to protest against Donald Trump's divisive policies
April 06, 2025
-
News
Avoid rhetoric that vitiates environment: Modi urges Yunus during Bangkok meeting
April 04, 2025