India To Be World’s Third-Largest Economy: PM Modi

Read Time:2 Minute, 1 Second

Prime Minister Narendra Modi said that his government had initiated a slew of economic and social measures that would make India the world’s third-largest economy and the leader in areas such as electric vehicles and energy storage devices. “We look forward to making India the third-largest economy. We want to make India a place for start-ups. We want to give our people energy security. We want to reduce our import dependence. We want to make India the world leader in electric vehicles and energy storage devices,” the PM said.

Asserting that his government had broken the myth that a government could not be pro-growth and pro-poor at the same time, he said innovation and technology were forming the bedrock of various initiatives now and would bridge the gap between the haves and the have-nots in the country. “The outcomes of our focus on Digital India, Startup India, Make in India, and Innovate India are converging and reaping rich dividend,” he said. “Today, 44 per cent of the start-ups registered in India are from tier-2 and tier-3 cities. Our network of hundreds of Atal Tinkering Labs is coming up across the country and helping the atmosphere of innovation,” he said.

These developments have lifted the spirits of seasoned entrepreneurs and innovators like fintech czar Jignesh Shah who dreamt and worked on the Make in India model in the mid-1990s. Jignesh Shah’s entrepreneurial journey has excited and inspired millions of young entrepreneurs of India provoking them to work for India’s growth through start up models. Jignesh Shah strongly believes that start-up ecosystem should not be just limited to exchange and marketplace, rather, it should be majority of IP based field in the verticals of agriculture, genetics, robotics. He intends to focus more on mentoring and help youngsters with innovative ideas and help them to live their entrepreneurship dreams by providing them with a platform for institutionalization, globalization, and scaling up for their ventures.

As a visionary entrepreneur, he has not only empowered the Indian financial market infrastructure on the lines of Tokyo and US but his group has put India on the global map by setting up exchanges across continents right from Africa, to Middle-East, to South-East Asia. His strategies and initiatives brought in immense development in the FinTech industry and generated several new openings for India’s growth.