India to Become 3rd Largest Economy in PM Modi's Third Term: Amit Shah at Vibrant Gujarat Submit

Union Home Minister Amit Shah on Friday addressed the closing ceremony of the Vibrant Gujarat Global Submit 2024.

Speaking at the event, Shah said, “Today in the whole world if there is any country which is everyone’s favourite destination for investment, it is India and Gujarat…”

He further said, “When Narendra Modi took over as prime minister (in 2014), India was the world’s 11th largest economy, while it is the fifth largest now, whereas it will become the third biggest when he becomes PM for the third time.”

“The result of the beginning made from Gandhinagar in 2003 made India the fifth largest economy. Today, with this event, a new beginning is being made to realise the sankalp (promise) of a developed India before 2047,” Shah said.

He further said that the VGS has given a platform to ideas and innovations and worked to bring investment on the ground. “This has not only helped Gujarat but the economy of the entire country. The model of Vibrant Gujarat has been accepted by many states and they have adopted the same model of industrial development,” Shah added.

Taking a dig at the previous UPA government led by Dr Manmohan Singh, the Union Home Minister said, “On the global front, we were considered a dark spot. Today, we are a vibrant spot. The country has covered a journey from a silent prime minister to a visionary and vibrant prime minister.”

The Vibrant Gujarat Summit has worked to give a direction to the country, Shah said, adding when Modi presented the idea before the (state) cabinet 20 years ago, he changed the entire structure of the summit, which was earlier held in a hall.

India has emerged as a ‘vishwa mitra’ (friend of the world), Shah said, and observed that the valedictory function was being held on the birth anniversary of Swami Vivekananda, who instilled confidence in the country and encouraged its youth.

Shah also appreciated CM Patel for creating a good environment to ensure they flourish on the ground. Foundations have been laid through policies for India to lead in health and education sectors, he added.

Through the new National Education Policy, India will again emerge as a hub of education within 10 years, while the PLI scheme, green hydrogen and space sector will see great growth, Shah said. India’s space sector will grow from USD 9 billion to USD 40 billion by 2030, and reforms have been made for the fintech and electronic manufacturing sector, among others, the Union Home Minister asserted.

(with agency inputs)