Modi says India's economy will be among the top three in the world within five years

MicroWave@lemmy.world to World News@lemmy.world – 47 points – Modi says India's economy will be among the top three in the world within five years
apnews.com

Prime Minister Narendra Modi said India’s economy will be among the top three in the world within five years, as he marked 76 years of independence from British rule on Tuesday.

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Just because a country's economy is big doesn't mean it's a great place to live in.

I went to India in 2016 , Avoid places like Bihar, utara pedesh , delhi, mumbai etc. The usual spots for tourists

I loved Manipur,Kerala, Mizoram, guhati and the states around it. Visit North east india if you're going to india.

That's a weird statement in this context, considering India is fighting extreme poverty. Obviously a country with less poverty is preferable.

Another nationalist thinking it's all a race until we can introduce to you: the indian desert, all himalaya sand.

They have to beat the UK, Japan, and Germany.

None are economies on the rise (and the UK is doing poorly, they might already have surpassed them).

Wouldn't be surprised if it eventually happens, but beating all 3 in five years might be a stretch.

EDIT: this is nominal GDP. They will definitely not reach the same GDP per capita anytime soon.

It will take generations to reach the same GDP per capita.

it will take a global revolution for that to occur. the current financial system intentionally keeps india similar countries in relative poverty

"We must go forward, not backward. Upward, not forward. And always twirling, twirling, twirling towards freedom!"

This is the best summary I could come up with:

Wearing a flowing, multi-colored turban, Modi addressed the country from New Delhi’s 17th century Mughal-era Red Fort, saying his government had lifted over 130 million people out of poverty and that India’s growing prosperity was an opportunity for the world.

His statement comes after reports last year from S&P Global and Morgan Stanley forecast that India’s economy would overtake Japan and Germany’s to become the world’s third largest by 2030.

They said India’s economic boom will be driven by offshoring, investment in manufacturing, growing digital infrastructure and energy transition.

We are bringing the promise of stability to the world,” he said, adding that all eyes would be on India as it hosts the G-20 Summit in New Delhi next month.

The prime minister also reiterated calls for peace in the northeastern state of Manipur, where a near civil war has raged for months and killed over 150 people.

Since clashes between two dominant ethnic groups erupted in early May, residents in Manipur have protested against the state government, ruled by Modi’s party, and called for the firing of its chief minister.

I'm a bot and I'm open source!

If you believe that then I have a bridge to sell to you.

And he'll kill as many Muslims as it takes to get there!