India’s Success Story of Becoming the Third Largest Economy by 2030
“We believe in the power of democratization. The benefit of development should reach every section and region; everyone should benefit from the resources in India, everyone should have a life of dignity, and the benefit of technology should reach everyone. We are working rapidly in this direction”. He also added, “For me, this is the biggest social empowerment.”
According to reports, India will soon surpass Japan and Germany by 2030 and is expected to reach $7.3 trillion, making it the third largest. India’s considerable growth in almost all sectors is leading the nation, one of which is digitalization.
India’s digital development in recent years has made quite a mark, and the middle class is expected to position and uplift India to acquire the world’s third position. India’s economy will double from $3.5 trillion in 2022. Prime Minister Narendra Modi recently spoke about how India has transformed digitally and technologically. From an importer, India has positioned itself as an exporter of Mobile phones.
The Narendra Modi Government has reformed India’s digital and technological ecosystem. The Prime Minister has always emphasized domestic production. The mission of Make in India and Aatmanirbhar Bharat has always been evident in bringing India to the forefront. Recently, at the G20 summit, the government announced the transition in the infrastructure in almost every sector that would push India to become the 3rd largest economy by 2030.
Prime Minister Narendra Modi also emphasized developing the digital ecosystem and platforms of India and how India has managed to hold a significant position in a short period. “India has made a century of unicorns in fairly less time and has now become one of the top 3 startup ecosystems in the world.”
It is evident that Indian technology and culture are gaining popularity worldwide. People are embracing our cultural heritage, including yoga and lifestyle, and appreciating our modern and advanced technology and digital infrastructures.
The “badlav” brought about by Narendra Modi’s government has transformed how India is perceived globally. Many large corporations are keen to invest in India and be part of this transformation. PM Modi also declared that India will soon lead the world in 6G technology.
Digitalizing the infrastructure is a crucial step that India needs to take to achieve its rightful position in the global arena. It is a critical aspect that will enable India to compete effectively with other countries and stay ahead in the race of technological advancements.
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