India could become second-largest global economy by 2030, says PM Narendra Modi2Photo© hindustantimes.com

India could become second-largest global economy by 2030, says PM Narendra Modi

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Prime Minister Narendra Modi on Monday said India would continue to be the fastest-growing large economy and could become second-largest economy in the world by 2030, PTI reported.

India is currently the fastest-growing large economy in the world and it “recently became the sixth-largest economy in the world”, Modi said. According to the Standard Chartered report, both China and India can overtake the United States to become the world’s largest and second-largest economies by 2030, respectively.

“Leading agencies such as International Monetary Fund and the World Bank project the same trend to continue in the coming years,” Modi said at the inaugural address of an event in Greater Noida. “In an uncertain global economic environment, India has shown tremendous resilience as an anchor of the world economy.”