Union Minister Hardeep Singh Puri, attending the Viksit Bharat Ambassador Srinagar meet-up event on Saturday, highlighted the country’s transformational journey in the past ten years, saying that India is set to outclass Germany and Japan in next few years and will emerge as top three economies in the world.
Recounting India’s economic growth, Hardeep Puri said that India accounted for 25 per cent of global GDP in the 1700s but it gradually dipped to just 2 per cent by 1947, as documented by noted experts.
“The country which once enjoyed ‘sone ki chidiya’ status lost its prowess during British rule and even after decades of Independence, remained under the Fragile Five category till 2014,” said the Union Minister for Housing and Urban Affairs.
“The country is set to surpass Germany and Japan and will become the world’s third-largest economy by 2027-28,” he said.
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