Prime Minister Narendra Modi has expressed his belief that India’s “latent potential” has been unlocked in recent years, as the government aims for a $5 trillion economy. In a recent media interaction, Modi discussed various issues, including his governance agenda and the goal of making India the world’s third-largest economy. These remarks come as the Modi-led government intensifies its efforts to secure a third term in office during the 2024 Lok Sabha elections.
Modi emphasized that he never announces the final destination or blueprint at the beginning of any endeavor, stating, “A far bigger picture will unfold finally.” He compared his approach to that of an artist, starting from one point but gradually revealing the full masterpiece. He cited the Statue of Unity as an example, highlighting how it has developed into a popular tourism ecosystem despite initial criticism.
The Prime Minister explained that his government believes in achieving national goals through public movements and emphasizes the optimum utilization of resources and outcome-oriented monitoring. He stated that he formulates policies and strategies after consulting economists and experts, while also considering the ground reality and the lived experiences of the people of India. Modi emphasized that his focus is on improving lives rather than mere headlines.
Leading members of the Modi government are confident that India has the potential to surpass the $5 trillion mark and become the world’s third-largest economy by 2027. Modi agreed with this assessment, pointing to his track record over the past two decades as evidence. He highlighted that when he assumed office in 2014, India’s economy was valued at $2 trillion, and by the end of 2023-24, it is projected to exceed $3.75 trillion. He stated that this track record demonstrates the realistic nature of the $5 trillion target.
Modi concluded by stating that the world consensus now recognizes that it is India’s moment.
Prime Minister Narendra Modi spoke about India’s potential as it aims to become a $5 trillion economy. He highlighted his government’s agenda and plans to make India the world’s third-largest economy. Modi emphasized his working style, using the example of the Statue of Unity, and stated that policies and strategies are formulated after considering experts’ opinions and the ground reality of India. He also expressed confidence in India’s potential to achieve the $5 trillion mark by 2027.
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