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India will be world's 3rd largest economy soon, PM Modi tells joint sitting of US Congress

Prime Minister Narendra Modi informed the joint sitting of the US Congress that India will be world's third economy soon.

Shashwat Bhandari Edited By: Shashwat Bhandari @ShashBhandari New Delhi Updated on: June 23, 2023 4:47 IST
Prime Minister Narendra Modi during address at joint
Image Source : @ANI Prime Minister Narendra Modi during address at joint sitting of US Congress

PM Modi in US: Prime Minister Narendra Modi during his address to the joint sitting of the US Congress said that India will be the world's third largest economy soon.

Speaking at the joint session of the US Congress during his first official State visit to US, PM Modi said, "When I first visited the US as a PM, India was the 10th largest economy in the world. Today, India is the 5th largest economy. India will be the 3rd largest economy soon. We are not only growing bigger but we are also growing faster. When India grows the whole world grows, says PM Modi at the joint sitting of the US Congress."

"When India grows, the world grows too," the Prime Minister said. 

In a veiled attack on China, PM Modi said the "dark clouds of coercion and confrontation" are casting their shadow on the Indo-Pacific region.

In his address, Modi said the global order is based on the respect for the principles of the UN Charter, peaceful resolution of disputes, and respect for sovereignty and territorial integrity.

"The dark clouds of coercion and confrontation are casting their shadow in the Indo-Pacific. The stability of the region has become one of the central concerns of our partnership," he said amidst the prolonged stand-off between the armies of India and China in eastern Ladakh.

The prime minister said a region where all nations, small and large, are free and fearless in their choices, where progress is not suffocated by an impossible burden of debt, where connectivity is not leveraged for strategic purposes, where all nations are lifted by the high tide of shared prosperity.

His comments came amidst the economic crisis in countries such as Sri Lanka and Pakistan where China has made huge unviable infrastructure investments.

(With inputs from PTI)

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