The Confederation of Indian Industry (CII) on Monday said they are confident that under the astute leadership of Prime Minister Narendra Modi, the country would continue its economic transformation and emerge among the top three in the world.
In a statement, Sanjiv Puri, President of CII, congratulated PM Modi for assuming charge for the third consecutive term.
“Building upon a strong growth rate of 8.2 per cent for 2023-24, the new government under his visionary leadership can usher in the next phase of reforms to make the most of the global opportunities and build on the robust fundamentals of the Indian economy,” said Puri.
India is forecast to surpass Japan to become the world’s fourth-largest economy in the near future. The government recently said India is expected to overtake Japan and Germany to emerge as the world’s third-largest economy by 2027.