Prime Minister Narendra Modi said India is steadily advancing toward becoming the world’s third largest economy after rising from the 11th position in less than two decades.

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• Speaking at the ET Now Global Business Summit in New Delhi, Prime Minister Narendra Modi highlighted India’s economic progress despite global uncertainties.

• He said the decade witnessed pandemics, wars, geopolitical tensions and supply chain disruptions, yet India maintained growth and democratic resilience.

• The Prime Minister noted that India has moved from being the 11th largest economy to heading toward the third position globally.

• He stated that recent Union Budgets have focused on measurable outcomes, supported by structural reforms to strengthen governance and economic performance.

• Key reforms mentioned included GST implementation, creation of NITI Aayog, abrogation of Article 370 and enactment of Triple Talaq and Nari Shakti Vandan laws.

• He highlighted reforms in ports, maritime sector, labour laws, criminal justice framework, Waqf legislation and rural employment initiatives.

• The Prime Minister underscored technology-driven growth, citing UPI and the Jan Dhan-Aadhaar-Mobile trinity as transformative instruments of digital inclusion.

• He said India is entering global trade agreements with confidence and is prepared to adapt to emerging disruptions, including artificial intelligence.