{"id":8726,"date":"2024-01-10T09:00:42","date_gmt":"2024-01-10T09:00:42","guid":{"rendered":"https:\/\/jammubulletin.com\/site\/?p=8726"},"modified":"2024-01-10T09:00:42","modified_gmt":"2024-01-10T09:00:42","slug":"all-major-agencies-estimate-that-india-will-be-in-top-three-economies-of-world-pm-at-vibrant-gujarat-summit","status":"publish","type":"post","link":"https:\/\/jammubulletin.com\/site\/all-major-agencies-estimate-that-india-will-be-in-top-three-economies-of-world-pm-at-vibrant-gujarat-summit\/","title":{"rendered":"“All major agencies estimate that India will be in top three economies of world” : PM at Vibrant Gujarat Summit"},"content":{"rendered":"

GUJARAT: Prime\u00a0<\/span>Minister\u00a0<\/span>Narendra\u00a0<\/span><\/a>Modi<\/a>\u00a0<\/span><\/span>highlighted\u00a0<\/span><\/span>India’s\u00a0<\/span><\/span>resilience\u00a0<\/span><\/span>and\u00a0<\/span><\/span>economic\u00a0<\/span>momentum\u00a0<\/span><\/span>by\u00a0<\/span>making\u00a0<\/span><\/span>important\u00a0<\/span>announcements\u00a0<\/span><\/span>about\u00a0<\/span><\/span>large\u00a0<\/span>investments\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>nation’s\u00a0<\/span><\/span>port\u00a0<\/span>infrastructure\u00a0<\/span><\/span>while\u00a0<\/span><\/span>addressing\u00a0<\/span><\/span>the\u00a0<\/span>delegates\u00a0<\/span><\/span>and\u00a0<\/span><\/span>attendees\u00a0<\/span><\/span>of\u00a0<\/span>the\u00a0<\/span><\/span>Vibrant\u00a0<\/span><\/span>Gujarat\u00a0<\/span><\/span><\/a>Global\u00a0<\/span><\/span>Summit\u00a0<\/span><\/span>2024.<\/span><\/span><\/span> <\/span><\/span><\/span>In\u00a0<\/span>order\u00a0<\/span><\/span>to\u00a0<\/span>make\u00a0<\/span><\/span>additional\u00a0<\/span>investments\u00a0<\/span><\/span>in\u00a0<\/span><\/span>India’s\u00a0<\/span><\/span>port\u00a0<\/span>infrastructure,\u00a0<\/span><\/span>billion-dollar\u00a0<\/span><\/span>deals\u00a0<\/span><\/span>have\u00a0<\/span>been\u00a0<\/span><\/span>inked\u00a0<\/span><\/span>with\u00a0<\/span><\/span>corporations\u00a0<\/span><\/span>based\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>United\u00a0<\/span>Arab\u00a0<\/span>Emirates\u00a0<\/span><\/span>(UAE),\u00a0<\/span><\/span>according\u00a0<\/span>to\u00a0<\/span><\/span>PM\u00a0<\/span>Modi.<\/span><\/span><\/span> <\/span><\/span><\/span>Prime\u00a0<\/span>Minister\u00a0<\/span><\/a>Modi<\/a>\u00a0<\/span><\/span>stated,\u00a0<\/span><\/span>“Agreements\u00a0<\/span><\/span>have\u00a0<\/span>been\u00a0<\/span><\/span>signed\u00a0<\/span><\/span>for\u00a0<\/span><\/span>new\u00a0<\/span>investments\u00a0<\/span><\/span>worth\u00a0<\/span><\/span>billions\u00a0<\/span><\/span>of\u00a0<\/span><\/span>dollars\u00a0<\/span><\/span>in\u00a0<\/span><\/span>India’s\u00a0<\/span><\/span>port\u00a0<\/span>infrastructure\u00a0<\/span><\/span>by\u00a0<\/span><\/span>companies\u00a0<\/span><\/span>from\u00a0<\/span>the\u00a0<\/span><\/span>UAE.”<\/span><\/span><\/span><\/span><\/span><\/span>These\u00a0<\/span><\/span>accords\u00a0<\/span><\/span>have\u00a0<\/span><\/span>the\u00a0<\/span>potential\u00a0<\/span><\/span>to\u00a0<\/span>significantly\u00a0<\/span>alter\u00a0<\/span><\/span>India’s\u00a0<\/span><\/span>maritime\u00a0<\/span><\/span>environment,\u00a0<\/span><\/span>promote\u00a0<\/span><\/span>economic\u00a0<\/span>expansion,\u00a0<\/span><\/span>and\u00a0<\/span>improve\u00a0<\/span><\/span>trade\u00a0<\/span>connections\u00a0<\/span><\/span>worldwide.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>Prime\u00a0<\/span><\/a>Minister<\/a>\u00a0<\/span><\/span>acknowledged\u00a0<\/span><\/span>the\u00a0<\/span>difficult\u00a0<\/span><\/span>global\u00a0<\/span>conditions\u00a0<\/span><\/span>in\u00a0<\/span><\/span>his\u00a0<\/span>speech,\u00a0<\/span><\/span>but\u00a0<\/span><\/span>he\u00a0<\/span>also\u00a0<\/span><\/span>emphasised\u00a0<\/span><\/span>India’s\u00a0<\/span><\/span>impressive\u00a0<\/span><\/span>economic\u00a0<\/span>resilience\u00a0<\/span><\/span>and\u00a0<\/span>growth\u00a0<\/span><\/span>velocity.<\/span><\/span><\/span> <\/span><\/span><\/span>Attributing\u00a0<\/span><\/span>this\u00a0<\/span>achievement\u00a0<\/span><\/span>to\u00a0<\/span><\/span>ten\u00a0<\/span>years\u00a0<\/span><\/span>of\u00a0<\/span><\/span>targeted\u00a0<\/span><\/span>structural\u00a0<\/span>changes,\u00a0<\/span><\/span>he\u00a0<\/span><\/span>said,\u00a0<\/span><\/span>“We\u00a0<\/span><\/span>are\u00a0<\/span>all\u00a0<\/span><\/span>conscious\u00a0<\/span><\/span>of\u00a0<\/span>the\u00a0<\/span><\/span>worldwide\u00a0<\/span><\/span>situation.<\/span><\/span><\/span> <\/span><\/span><\/span>Therefore,\u00a0<\/span><\/span>a\u00a0<\/span>major\u00a0<\/span>factor\u00a0<\/span><\/span>contributing\u00a0<\/span>to\u00a0<\/span><\/span>the\u00a0<\/span>Indian\u00a0<\/span>economy’s\u00a0<\/span><\/span>resistance\u00a0<\/span><\/span>and\u00a0<\/span>growth\u00a0<\/span><\/span>in\u00a0<\/span><\/span>these\u00a0<\/span>difficult\u00a0<\/span>times\u00a0<\/span><\/span>is\u00a0<\/span><\/span>our\u00a0<\/span>emphasis\u00a0<\/span><\/span>on\u00a0<\/span><\/span>structural\u00a0<\/span>changes\u00a0<\/span><\/span>during\u00a0<\/span><\/span>the\u00a0<\/span>past\u00a0<\/span><\/span>ten\u00a0<\/span>years.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>Indian\u00a0<\/span>economy\u00a0<\/span><\/span>now\u00a0<\/span>has\u00a0<\/span><\/span>more\u00a0<\/span>potential,\u00a0<\/span><\/span>capability,\u00a0<\/span><\/span>and\u00a0<\/span><\/span>competitiveness\u00a0<\/span><\/span>because\u00a0<\/span>to\u00a0<\/span><\/span>these\u00a0<\/span><\/span>reforms.”<\/span><\/span><\/span><\/span><\/span><\/span>PM\u00a0<\/span>Modi\u00a0<\/span><\/span><\/a>underlined\u00a0<\/span><\/span>that,\u00a0<\/span><\/span>from\u00a0<\/span><\/span>ranking\u00a0<\/span><\/span>eleventh\u00a0<\/span><\/span>a\u00a0<\/span>decade\u00a0<\/span><\/span>ago,\u00a0<\/span><\/span>India’s\u00a0<\/span>economy\u00a0<\/span><\/span>has\u00a0<\/span>grown\u00a0<\/span><\/span>to\u00a0<\/span>become\u00a0<\/span><\/span>the\u00a0<\/span>fifth\u00a0<\/span>largest\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>world.<\/span><\/span><\/span> <\/span><\/span><\/span>“India\u00a0<\/span><\/span>is\u00a0<\/span>currently\u00a0<\/span><\/span>the\u00a0<\/span>world’s\u00a0<\/span><\/span>fifth\u00a0<\/span>largest\u00a0<\/span><\/span>economy,”\u00a0<\/span><\/span>declared\u00a0<\/span><\/span>the\u00a0<\/span>PM.<\/span><\/span><\/span> <\/span><\/span><\/span>Ten\u00a0<\/span>years\u00a0<\/span><\/span>prior,\u00a0<\/span><\/span>India\u00a0<\/span><\/span>ranked\u00a0<\/span><\/span>eleventh.<\/span><\/span><\/span> <\/span><\/span><\/span>According\u00a0<\/span><\/span>to\u00a0<\/span>current\u00a0<\/span><\/span>estimates\u00a0<\/span><\/span>from\u00a0<\/span><\/span>all\u00a0<\/span>major\u00a0<\/span><\/span>agencies,\u00a0<\/span><\/span>India’s\u00a0<\/span>economy\u00a0<\/span><\/span>is\u00a0<\/span>expected\u00a0<\/span>to\u00a0<\/span>rank\u00a0<\/span><\/span>among\u00a0<\/span><\/span>the\u00a0<\/span>top\u00a0<\/span><\/span>three\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>world\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>near\u00a0<\/span>future.<\/span><\/span><\/span> <\/span><\/span><\/span>Allow\u00a0<\/span><\/span>individuals\u00a0<\/span><\/span>worldwide\u00a0<\/span><\/span>to\u00a0<\/span>conduct\u00a0<\/span><\/span>their\u00a0<\/span>own\u00a0<\/span><\/span>analysis,\u00a0<\/span><\/span>but\u00a0<\/span>I\u00a0<\/span><\/span>can\u00a0<\/span>assure\u00a0<\/span><\/span>you\u00a0<\/span>that\u00a0<\/span><\/span>it\u00a0<\/span>will\u00a0<\/span><\/span>occur.”<\/span><\/span><\/span> <\/span><\/span><\/span>India\u00a0<\/span><\/span>is\u00a0<\/span>viewed\u00a0<\/span><\/span>by\u00a0<\/span><\/span>the\u00a0<\/span>international\u00a0<\/span>community\u00a0<\/span><\/span>as\u00a0<\/span><\/span>a\u00a0<\/span>key\u00a0<\/span><\/span>pillar\u00a0<\/span><\/span>of\u00a0<\/span><\/span>stability.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>Prime\u00a0<\/span>Minister\u00a0<\/span><\/span>continued,\u00a0<\/span><\/span>“A\u00a0<\/span>friend\u00a0<\/span><\/span>who\u00a0<\/span><\/span>can\u00a0<\/span>be\u00a0<\/span><\/span>relied\u00a0<\/span><\/span>upon,\u00a0<\/span><\/span>a\u00a0<\/span>partner\u00a0<\/span><\/span>who\u00a0<\/span><\/span>supports\u00a0<\/span><\/span>development\u00a0<\/span><\/span>that\u00a0<\/span><\/span>puts\u00a0<\/span><\/span>people\u00a0<\/span><\/span>first,\u00a0<\/span><\/span>a\u00a0<\/span>voice\u00a0<\/span><\/span>for\u00a0<\/span><\/span>the\u00a0<\/span>global\u00a0<\/span>south,\u00a0<\/span><\/span>a\u00a0<\/span>global\u00a0<\/span><\/span>economic\u00a0<\/span>growth\u00a0<\/span><\/span>engine,\u00a0<\/span><\/span>a\u00a0<\/span>technology\u00a0<\/span>hub\u00a0<\/span><\/span>for\u00a0<\/span><\/span>problem-solving,\u00a0<\/span><\/span>a\u00a0<\/span>powerhouse\u00a0<\/span><\/span>of\u00a0<\/span><\/span>gifted\u00a0<\/span><\/span>youth,\u00a0<\/span><\/span>and\u00a0<\/span><\/span>a\u00a0<\/span>democracy\u00a0<\/span><\/span>that\u00a0<\/span><\/span>delivers…”<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>summit\u00a0<\/span><\/span>attendees\u00a0<\/span><\/span>applauded\u00a0<\/span><\/span>the\u00a0<\/span>Prime\u00a0<\/span>Minister\u00a0<\/span><\/span>for\u00a0<\/span>his\u00a0<\/span><\/span>hopeful\u00a0<\/span><\/span>vision\u00a0<\/span><\/span>and\u00a0<\/span><\/span>dedication\u00a0<\/span><\/span>to\u00a0<\/span><\/span>India’s\u00a0<\/span><\/span>economic\u00a0<\/span><\/span>destiny.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>government’s\u00a0<\/span>goal\u00a0<\/span><\/span>to\u00a0<\/span>boost\u00a0<\/span><\/span>economic\u00a0<\/span>growth\u00a0<\/span><\/span>and\u00a0<\/span><\/span>solidify\u00a0<\/span><\/span>India’s\u00a0<\/span>standing\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>international\u00a0<\/span>economy\u00a0<\/span><\/span>is\u00a0<\/span>in\u00a0<\/span><\/span>line\u00a0<\/span>with\u00a0<\/span><\/span>the\u00a0<\/span>emphasis\u00a0<\/span><\/span>on\u00a0<\/span><\/span>structural\u00a0<\/span>changes\u00a0<\/span><\/span>and\u00a0<\/span><\/span>drawing\u00a0<\/span><\/span>significant\u00a0<\/span>investments,\u00a0<\/span><\/span>particularly\u00a0<\/span>in\u00a0<\/span><\/span>port\u00a0<\/span>infrastructure.<\/span><\/span><\/span><\/span><\/span><\/span>The\u00a0<\/span><\/span>declarations\u00a0<\/span><\/span><\/span>made\u00a0<\/span><\/span>by\u00a0<\/span><\/span><\/span>Prime\u00a0<\/span><\/span>Minister\u00a0<\/span><\/span>Narendra\u00a0<\/span><\/span>Modi\u00a0<\/span><\/span><\/span>during\u00a0<\/span><\/span>the\u00a0<\/span><\/span><\/span>Vibrant\u00a0<\/span><\/span><\/span>Gujarat\u00a0<\/span><\/span><\/span>Global\u00a0<\/span><\/span><\/span>Summit\u00a0<\/span><\/span><\/span>highlight\u00a0<\/span><\/span><\/span>the\u00a0<\/span><\/span>country’s\u00a0<\/span><\/span><\/span>resolve\u00a0<\/span><\/span><\/span>to\u00a0<\/span><\/span>overcome\u00a0<\/span><\/span><\/span>obstacles\u00a0<\/span><\/span><\/span>and\u00a0<\/span><\/span><\/span>seize\u00a0<\/span><\/span><\/span>opportunities,\u00a0<\/span><\/span><\/span>establishing\u00a0<\/span><\/span><\/span>India\u00a0<\/span><\/span><\/span>as\u00a0<\/span><\/span><\/span>a\u00a0<\/span><\/span>major\u00a0<\/span><\/span>actor\u00a0<\/span><\/span><\/span>in\u00a0<\/span><\/span><\/span>the\u00a0<\/span><\/span>changing\u00a0<\/span><\/span><\/span>global\u00a0<\/span><\/span>economic\u00a0<\/span><\/span><\/span>scene.<\/span><\/span><\/span><\/p>\n

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“All major agencies estimate that India will be in top three economies of world” : PM at Vibrant Gujarat Summit<\/figcaption><\/figure>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

GUJARAT: Prime\u00a0Minister\u00a0Narendra\u00a0Modi\u00a0highlighted\u00a0India’s\u00a0resilience\u00a0and\u00a0economic\u00a0momentum\u00a0by\u00a0making\u00a0important\u00a0announcements\u00a0about\u00a0large\u00a0investments\u00a0in\u00a0the\u00a0nation’s\u00a0port\u00a0infrastructure\u00a0while\u00a0addressing\u00a0the\u00a0delegates\u00a0and\u00a0attendees\u00a0of\u00a0the\u00a0Vibrant\u00a0Gujarat\u00a0Global\u00a0Summit\u00a02024. In\u00a0order\u00a0to\u00a0make\u00a0additional\u00a0investments\u00a0in\u00a0India’s\u00a0port\u00a0infrastructure,\u00a0billion-dollar\u00a0deals\u00a0have\u00a0been\u00a0inked\u00a0with\u00a0corporations\u00a0based\u00a0in\u00a0the\u00a0United\u00a0Arab\u00a0Emirates\u00a0(UAE),\u00a0according\u00a0to\u00a0PM\u00a0Modi. Prime\u00a0Minister\u00a0Modi\u00a0stated,\u00a0“Agreements\u00a0have\u00a0been\u00a0signed\u00a0for\u00a0new\u00a0investments\u00a0worth\u00a0billions\u00a0of\u00a0dollars\u00a0in\u00a0India’s\u00a0port\u00a0infrastructure\u00a0by\u00a0companies\u00a0from\u00a0the\u00a0UAE.”These\u00a0accords\u00a0have\u00a0the\u00a0potential\u00a0to\u00a0significantly\u00a0alter\u00a0India’s\u00a0maritime\u00a0environment,\u00a0promote\u00a0economic\u00a0expansion,\u00a0and\u00a0improve\u00a0trade\u00a0connections\u00a0worldwide. The\u00a0Prime\u00a0Minister\u00a0acknowledged\u00a0the\u00a0difficult\u00a0global\u00a0conditions\u00a0in\u00a0his\u00a0speech,\u00a0but\u00a0he\u00a0also\u00a0emphasised\u00a0India’s\u00a0impressive\u00a0economic\u00a0resilience\u00a0and\u00a0growth\u00a0velocity. Attributing\u00a0this\u00a0achievement\u00a0to\u00a0ten\u00a0years\u00a0of\u00a0targeted\u00a0structural\u00a0changes,\u00a0he\u00a0said,\u00a0“We\u00a0are\u00a0all\u00a0conscious\u00a0of\u00a0the\u00a0worldwide\u00a0situation. Therefore,\u00a0a\u00a0major\u00a0factor\u00a0contributing\u00a0to\u00a0the\u00a0Indian\u00a0economy’s\u00a0resistance\u00a0and\u00a0growth\u00a0in\u00a0these\u00a0difficult\u00a0times\u00a0is\u00a0our\u00a0emphasis\u00a0on\u00a0structural\u00a0changes\u00a0during\u00a0the\u00a0past\u00a0ten\u00a0years. The\u00a0Indian\u00a0economy\u00a0now\u00a0has\u00a0more\u00a0potential,\u00a0capability,\u00a0and\u00a0competitiveness\u00a0because\u00a0to\u00a0these\u00a0reforms.”PM\u00a0Modi\u00a0underlined\u00a0that,\u00a0from\u00a0ranking\u00a0eleventh\u00a0a\u00a0decade\u00a0ago,\u00a0India’s\u00a0economy\u00a0has\u00a0grown\u00a0to\u00a0become\u00a0the\u00a0fifth\u00a0largest\u00a0in\u00a0the\u00a0world. “India\u00a0is\u00a0currently\u00a0the\u00a0world’s\u00a0fifth\u00a0largest\u00a0economy,”\u00a0declared\u00a0the\u00a0PM. Ten\u00a0years\u00a0prior,\u00a0India\u00a0ranked\u00a0eleventh. According\u00a0to\u00a0current\u00a0estimates\u00a0from\u00a0all\u00a0major\u00a0agencies,\u00a0India’s\u00a0economy\u00a0is\u00a0expected\u00a0to\u00a0rank\u00a0among\u00a0the\u00a0top\u00a0three\u00a0in\u00a0the\u00a0world\u00a0in\u00a0the\u00a0near\u00a0future. Allow\u00a0individuals\u00a0worldwide\u00a0to\u00a0conduct\u00a0their\u00a0own\u00a0analysis,\u00a0but\u00a0I\u00a0can\u00a0assure\u00a0you\u00a0that\u00a0it\u00a0will\u00a0occur.” India\u00a0is\u00a0viewed\u00a0by\u00a0the\u00a0international\u00a0community\u00a0as\u00a0a\u00a0key\u00a0pillar\u00a0of\u00a0stability. The\u00a0Prime\u00a0Minister\u00a0continued,\u00a0“A\u00a0friend\u00a0who\u00a0can\u00a0be\u00a0relied\u00a0upon,\u00a0a\u00a0partner\u00a0who\u00a0supports\u00a0development\u00a0that\u00a0puts\u00a0people\u00a0first,\u00a0a\u00a0voice\u00a0for\u00a0the\u00a0global\u00a0south,\u00a0a\u00a0global\u00a0economic\u00a0growth\u00a0engine,\u00a0a\u00a0technology\u00a0hub\u00a0for\u00a0problem-solving,\u00a0a\u00a0powerhouse\u00a0of\u00a0gifted\u00a0youth,\u00a0and\u00a0a\u00a0democracy\u00a0that\u00a0delivers…” The\u00a0summit\u00a0attendees\u00a0applauded\u00a0the\u00a0Prime\u00a0Minister\u00a0for\u00a0his\u00a0hopeful\u00a0vision\u00a0and\u00a0dedication\u00a0to\u00a0India’s\u00a0economic\u00a0destiny. The\u00a0government’s\u00a0goal\u00a0to\u00a0boost\u00a0economic\u00a0growth\u00a0and\u00a0solidify\u00a0India’s\u00a0standing\u00a0in\u00a0the\u00a0international\u00a0economy\u00a0is\u00a0in\u00a0line\u00a0with\u00a0the\u00a0emphasis\u00a0on\u00a0structural\u00a0changes\u00a0and\u00a0drawing\u00a0significant\u00a0investments,\u00a0particularly\u00a0in\u00a0port\u00a0infrastructure.The\u00a0declarations\u00a0made\u00a0by\u00a0Prime\u00a0Minister\u00a0Narendra\u00a0Modi\u00a0during\u00a0the\u00a0Vibrant\u00a0Gujarat\u00a0Global\u00a0Summit\u00a0highlight\u00a0the\u00a0country’s\u00a0resolve\u00a0to\u00a0overcome\u00a0obstacles\u00a0and\u00a0seize\u00a0opportunities,\u00a0establishing\u00a0India\u00a0as\u00a0a\u00a0major\u00a0actor\u00a0in\u00a0the\u00a0changing\u00a0global\u00a0economic\u00a0scene.   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