India to Be Third-Largest Economy Soon, First Made-in-India Chip by Year-End: PM Modi

Prime Minister Narendra Modi announced on Saturday that since 2014, India has altered its strategy, and due to this reason, today the nation is progressing rapidly in the technological field. He stated that we produced Made in India 5G and even distributed it throughout the nation at a rapid speed. Now we are progressing rapidly with Made in India 6G.

PM Modi added that the production of semiconductors in India could have begun 50-60 years back, but the mindset of the past governments was confined to election politics.

He said that now the situation has changed, and semiconductor factories have started coming up in India. He also announced that by the end of this, the first Made in India chip will come to the market.

Recently, news came that S&P Global Ratings has upgraded India's credit rating after nearly two decades. Regarding this, PM Modi said that India remains the hope of the whole world due to its strength.

The Prime Minister said that when we look at the global context, the strength of India's economy is clearly visible. Today, India is the fastest-growing large economy in the world.

He said that we are going to be the third-largest economy in the world very soon. The experts are commenting that India's contribution towards the growth of the world is going to be about 20% very soon.