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Union Home and Cooperation Minister Amit Shah, while addressing the concluding session of the 10th Vibrant Gujarat Global Summit (VGGS) on Friday, announced India’s remarkable economic ascent. Shah stated that India has achieved the status of the world’s fifth-largest economy over the past decade and projected a leap to the third-largest economy within the next five years. He specifically noted that this milestone is expected to occur during Prime Minister Narendra Modi’s third term in office.
The VGGS, a three-day event held at Mahatma Mandir in Gandhinagar, concluded with Chief Minister Bhupendra Patel sharing significant achievements. Patel revealed that during the summit, Memorandums of Understanding (MoUs) totaling Rs 26.33 lakh crore were signed, covering investment in 41,299 projects. Notably, if MoUs signed during the COVID-19 pandemic, when the VGGS could not be conducted, were included, the total investment commitment would reach an impressive Rs 45 lakh crore for 98,540 projects.
During his speech, Amit Shah emphasized the remarkable progress made under Prime Minister Narendra Modi’s leadership. Shah highlighted that when PM Modi assumed office, India’s economy ranked at the 11th position globally. Now, within the last few years, it has ascended to the fifth position, gaining global respect.
Shah expressed confidence in India’s continued economic growth, predicting that during Prime Minister Modi’s anticipated third term, the nation would proudly secure the position of the world’s third-largest economy. The ambitious vision outlined by Shah underscores the government’s commitment to fostering economic development and global standing.
The Vibrant Gujarat Global Summit served as a platform for international collaboration, attracting notable figures such as Norwegian diplomat Eric Solheim, World Bank Country Director for India Auguste Tano Kouame, Chief Minister Bhupendra Patel, Jammu & Kashmir Lieutenant Governor Manoj Sinha, Union Minister Parshottam Rupala, and key industry leaders. The summit showcased India’s economic potential and garnered significant investment commitments, reinforcing the nation’s trajectory towards becoming a major global economic player.
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