India will soon emerge as global economic powerhouse:PM Modi 

Prime Minister Narendra Modi has articulated a bold vision for India, foreseeing its emergence as a global economic powerhouse. Addressing an event marking the 20th anniversary of the Vibrant Gujarat Summit, PM Modi emphasized the transformative journey from the inception of "Vibrant Gujarat" to its current stature as a catalyst for India's economic growth.

PM Modi's Vision for India's Global Role:

In his address to industrialists and businessmen, PM Modi expressed the intent to position India as a global growth engine. He traced the roots of this ambition back to the initiation of Vibrant Gujarat, a platform designed to propel the state into a growth engine for the entire nation.

Post-2014, the focus expanded to elevate India to a prominent status on the global economic stage. Modi asserted, "We are standing at such a phase that India will soon emerge as a global economic powerhouse.”

The Growth of Vibrant Gujarat:

PM Modi lauded the progression of Vibrant Gujarat from its humble origins, likening it to a small seed planted two decades ago that has now grown into a substantial tree. Drawing parallels with the words of Swami Vivekananda, he reflected on the stages of acceptance faced by groundbreaking initiatives. Vibrant Gujarat, too, navigated through stages of mockery and opposition before establishing itself as a significant institution, inspiring other states to organize their investment summits.

India Among Top Three Economies:

With unwavering confidence, PM Modi guaranteed that India would ascend to the top three economies globally within a few years. This bold proclamation underscores the government's commitment to fostering economic growth and positioning India as a key player on the international economic landscape.

Vibrant Gujarat's Success Amid Challenges:

Highlighting the success of Vibrant Gujarat, PM Modi noted that its triumph occurred during a period when the central government, under the previous UPA dispensation, displayed indifference to the industrial progress of the state. This success story becomes even more significant in the face of challenges, reflecting resilience and determination.

Relevant and latest facts:

• India is currently the world's fifth largest economy by nominal GDP and the third largest economy by purchasing power parity.

• India is expected to become the world's third largest economy by nominal GDP by 2028.

• The Vibrant Gujarat Summit is an investment summit that is held every two years in the Indian state of Gujarat.

• The Vibrant Gujarat Summit is one of the largest investment summits in the world.

• The Vibrant Gujarat Summit has attracted investments worth over $1 trillion in the state of Gujarat.

Conclusion:

Prime Minister Narendra Modi's statement that India will soon emerge as a global economic powerhouse is based on the country's strong economic growth in recent years. India has been growing at an average rate of over 7% per year in the past decade.

This growth has been driven by a number of factors, including a young and growing population, rising incomes, and increasing urbanization.

The Vibrant Gujarat Summit is one of the many initiatives that the Indian government is taking to attract investments and boost economic growth. The summit has been successful in attracting investments worth over $1 trillion in the state of Gujarat. This investment has helped to create jobs and boost economic growth in the state.

India is well-positioned to become a global economic powerhouse in the coming years. The country has a young and growing population, rising incomes, and increasing urbanization. The Indian government is also taking a number of initiatives to attract investments and boost economic growth.