Prime Minister Narendra Modi urged CEOs of U.S. majors to take advantage of India’s growth story as the country is making all efforts to become the third largest economy of the world in his third term.India is currently the fifth largest economy of the world after the U.S., China, Germany and Japan with a GDP of around $3.9 trillion. India has been the fastest growing large economies of the world with GDP growth rate of over 7% for the last three consecutive years.
Addressing CEOs of the large U.S. tech firms on Sunday, PM Modi said India will make every effort to become the third largest economy in the world in his third term (2024-29).
Companies should take advantage of India’s growth story for collaboration and innovation by co-developing, co-designing, and co-producing in India for the world, harnessing the opportunities from the country’s economic and technological growth, he said.