PM Modi's guarantee that India will be world's third largest economy in our third term

Replying to the discussion on the Motion of Thanks on the President’s address in the Lok Sabha, Prime Minister Narendra Modi on Monday guaranteed that India will become the third largest economy in the world after US and China during the BJP government's third consecutive term at the Centre.

He said that the Modi government brought India from the 11th rank to the 5th rank in the world economy and will place the country on the 3rd spot in the entire world.

Taking a swipe at Congress, PM Modi quoted the then Finance Minister P. Chidambaram, who presented the Interim Budget for 2014-15, saying that the grand old party was proud of being the 11th largest



economy in 2014. "India was the 11th largest economy in 2014. Today, India is the 5th largest economy, and yet they (Congress) are silent. They saw a vision that India will be the third largest in 30 years. We will not allow the nation to wait for so long. It is Modi's guarantee that in our third term, India will be the third largest economic power," said PM Modi.

The Prime Minister in the Lower House further said, "On the basis of the experience of 10 years of governance, looking at today's strong economy and the rapid speed with which India is progressing today, I can confidently say that in our third term, India will be the third largest economic power. This is Modi's guarantee."