India to be third largest economy by 2027-28: Minister Goyal in France

Indian Minister Piyush Goyal while addressing the Indian diaspora community in France said that India will become the third-largest economy by 2027.

"Now we are the 5th largest economy. By 2027-28, we will be the third-largest economy in the world. India is a 3.5 trillion-dollar economy today and will become a 30-35 dollar trillion economy by 2047 when we celebrate 100 years of independence," said Goyal. The Minister said that exports were USD 676 billion last year.

"We had a target to reflect the sentiment of young and enthusiastic Indians. In the 75th Year of Independence, we crossed USD 750 billion in exports," he said.

"We are today emerging as the go-to country, as the world's pharmacy, as the world's food bowl and as a trusted partner to other countries. Everybody is looking up to PM Modi's leadership to resolve the world's challenges today," he said.

Goyal said that India deeply values the partnership with France. "I am sure, each of you recognises that this partnership will see further growth, in terms of both opportunities and friendship. To further our partnership, you all will play a crucial role," he said while addressing the Indian diaspora in Paris.

"PM Narendra Modi is the most popular and loved leader in the world and is also known for having the commitment to care for India and the world. As we believe in 'One Earth, One Family, One Future', the world looks up to his leadership," he said.

He also lauded the Indian diaspora, saying, "India with capabilities, capacities, competency, and confidence, is the New India what each one of you represents. As Rashtradoots, you are contributing to your Karmabhoomi and Matrabhoomi."

Goyal urged the Indian diaspora to be a part of India's growth journey and promote Indian culture in France.

"With your support, India will achieve strides of growth and development in the Amrit Kaal," he said.

(ANI)