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Reading: India will quickly be world’s third-largest financial system: PM Modi
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StockWaves > Business > India will quickly be world’s third-largest financial system: PM Modi
Business

India will quickly be world’s third-largest financial system: PM Modi

StockWaves By StockWaves Last updated: July 3, 2025 3 Min Read
India will quickly be world’s third-largest financial system: PM Modi
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Prime Minister Narendra Modi on Thursday mentioned that over the previous decade, India has seen a significant transformation throughout the spectrum, and on the foundations of steady polity and good governance, the nation will quickly be the world’s third-largest financial system.

Throughout his historic Parliament deal with right here, PM Modi mentioned India already contributes almost 16 per cent to world progress.

“At present, India is the quickest rising rising financial system. On the foundations of steady polity and good governance, India will quickly be the third largest financial system,” the Prime Minister instructed the esteemed home.

PM Modi additional acknowledged that India’s demography is paying its dividend.

“India now has the world’s third largest start-up ecosystem. India is an innovation and expertise hub, the place world corporations need to converge,” mentioned PM Modi in his deal with.

“We’re recognised because the Pharmacy of the world. Indian girls at the moment lead in science, area, aviation and sports activities. India landed on the Moon. And, at the moment an Indian is in orbit giving wings to our human area flight mission,” he added.

The Prime Minister additional acknowledged that individuals of India have resolved to make India a Developed Nation by 2047, when “we rejoice 100 years of Independence”.

“As Ghana continues to pursue the trail of progress and prosperity, India shall stroll with you, shoulder to shoulder, on this highway,” he commented.

In 2015, New Delhi hosted the India-Africa Summit.

“President John Mahama was certainly one of our esteemed company. In 2017, India hosted the annual assembly of the African Growth Financial institution. We’ve expanded our diplomatic presence to 46 nations throughout Africa,” mentioned PM Modi.

Over 200 initiatives throughout the continent improve connectivity, infrastructure and industrial capability. Yearly, the India-Africa Enterprise conclave generates new alternatives.

“In Ghana, we inaugurated the Tema – Mpakadan rail line final 12 months. It’s the largest infrastructure mission on this a part of the African area. We welcome Ghana’s personal efforts to speed up financial integration below the African Continental Free Commerce Space. Ghana additionally holds nice potential to change into an IT and innovation hub within the area. Collectively, we are going to form a future, stuffed with promise and progress,” the Prime Minister emphasised.

Earlier, PM Modi was conferred The Officer of the Order of the Star of Ghana, the nation’s highest civilian honour, by President Mahama. PM Modi thanked Ghana’s President for the honour and known as it a “matter of immense satisfaction”.

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