Prime Minister Narendra Modi on Tuesday confirmed that India has officially overtaken Japan to become the world’s fourth-largest economy, marking a milestone moment for the country’s economic ascent.
“On 26th May 2014, I took the oath as the Prime Minister for the first time. At that time, India’s economy was in the 11th position…Today, India has become the world’s fourth-largest economy. It is a matter of pride for all of us that we have now surpassed Japan…I still remember the excitement across the country when we moved from sixth to fifth place, especially among the youth. The reason was that India had overtaken the United Kingdom, the very nation that had ruled over us for 250 years,” PM Modi said.
“We are the fourth largest economy as I speak. We are a $4 trillion economy as I speak,” he said.
“If we stick to what is being planned and what is being thought through, in 2.5-3 years, we will be the third largest economy,” he added.
This announcement came shortly after NITI Aayog CEO B.V.R. Subrahmanyam revealed that India had crossed the $4 trillion GDP mark, trailing only the U.S., China, and Germany.
During his address, Modi reiterated his hardline stance against Pakistan, following Operation Sindoor, India’s swift retaliatory strikes on terror bases in Pakistan and PoK.
“Terrorists buried with Pakistani flags, saluted by their army—this is no proxy war. This is a direct war strategy. And India will respond accordingly,” Modi said, adding that India seeks peace, not conflict, but will defend its sovereignty uncompromisingly.
