How is India the 4th Largest Economy Under PM Modi's Leadership?
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Synopsis
India's emergence as the fourth-largest economy showcases Prime Minister Modi's transformative leadership. This significant achievement reflects extensive reforms and innovation, setting the stage for future growth and opportunities for small businesses and the youth.
Key Takeaways
- India's economy is now the 4th largest globally.
- Visionary leadership of PM Modi has driven this growth.
- Key initiatives support infrastructure and investment.
- Small businesses will benefit from this economic rise.
- Future prospects look promising with ongoing reforms.
New Delhi, May 25 (NationPress) India’s ascent as the fourth-largest economy globally is a testament to the visionary leadership and robust governance provided by Prime Minister Narendra Modi, remarked the Confederation of All India Traders (CAIT) on Sunday.
Describing this as a moment of pride for all Indians, Praveen Khandelwal, MP from Delhi's Chandni Chowk and Secretary General of CAIT, noted that this milestone signifies the triumph of PM Modi's economic reforms, initiatives in digital transformation, and policies aimed at inclusive development.
“India’s economic journey is characterized by reform, resilience, and recovery,” he stated, emphasizing that people-centric governance, fiscal discipline, and pro-business strategies have established India as a vital growth engine in the world.
Khandelwal underscored that significant initiatives such as Make in India, Digital India, Startup India, Gati Shakti, and the Production-Linked Incentive (PLI) schemes have been instrumental in enhancing infrastructure, attracting record foreign investments, and fortifying essential sectors of the economy.
He added that this achievement will open up greater avenues for small businesses to expand and integrate digital technologies more swiftly.
“India’s enhanced global position will boost investor confidence, leading to increased FDI, capital inflows, and a deeper integration with global value chains,” Khandelwal remarked.
According to him, the growing economy of India will facilitate the creation of more jobs and encourage youth entrepreneurship.
“It will also empower the government to invest further in modern infrastructure, smart cities, rural development, education, healthcare, and welfare schemes,” he asserted.
He indicated that India's ongoing advancements in digital innovation, fintech, AI, space research, and green technology will further enhance its global leadership in the years ahead.
“This is a moment of pride for every Indian. As India progresses, it stands as a beacon of opportunity, stability, and progress in an unpredictable global landscape,” Khandelwal stated.
Earlier in the day, NITI Aayog Chief Executive Officer (CEO) B.V.R. Subrahmanyam announced that India has overtaken Japan to become the world’s fourth-largest economy and is now on track to surpass Germany for the third spot in the next 2.5 to 3 years.
Point of View
NationPress
21/07/2025
Frequently Asked Questions
What does India's fourth-largest economy status mean?
It signifies India's growing influence in the global market and its ability to attract foreign investments, which can foster economic growth.
How has PM Modi contributed to this achievement?
PM Modi's governance has focused on economic reforms, digital initiatives, and policies that encourage business growth and investment.
What are some key initiatives that led to this growth?
Initiatives like Make in India, Digital India, and Startup India have been pivotal in enhancing infrastructure and attracting investments.
How will this impact small businesses?
The rise in economic stature will provide greater opportunities for small businesses to scale and adopt new technologies.
What does the future hold for India's economy?
With continuous reforms and innovation, India is expected to further strengthen its economic position and enhance job creation.
