PM Modi says India working to become developed country in 25 years

Robert Besser
18 Aug 2022, 14:36 GMT+10

During his national day address this week, Prime Minister Narendra Modi said India will seek to become a developed nation within 25 years
He said the country would launch policies that will support the domestic power, defense and digital technology sectors
Speaking at the country's celebration of its 75th year of independence from British colonial rule, Modi called upon Indian youth to "aim big" and give their best years to the country

NEW DELHI, India: During his national day address this week, Prime Minister Narendra
Modi said India will seek to become a developed nation within 25 years, by launching policies that will support the domestic power, defense and digital technology sectors.

Speaking at the country's celebration of its 75th year of independence from British colonial rule, Modi, 71, called upon Indian youth to "aim big" and give their best years to the country.

"We must turn India into a developed country in the next 25 years, in our lifetime. It is a big resolution, and we should work towards it with all our might," Modi said in his speech.

India is currently categorized by the World Bank as a lower-middle income economy, meaning most people have a gross national income of between $1,086 and $4,255, while developed countries, such as the U.S. and the UK, have a per capita income of $13,205 or more.

With the world's sixth-largest economy, in the current fiscal year ending in March 2023, India's economy is expected to grow at over 7 percent, the fastest among major economies.

According to many experts, although the country's per capita income is currently around $2,100, it will probably remain low compared to many countries, its economy could become the world's third-largest by 2050, after the U.S. and China.

With some 1.4 billion people, India's population is expected to surpass China's in 2023.

Meanwhile, U.S. President Joe Biden congratulated India on its national day, stressing that the two countries were "indispensable partners," which would continue to work together to
address ongoing global challenges.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Tampa Star.

More Information

22 ℃

Fair in Tampa

International

Section

Indonesian woman jailed for violating country's blasphemy law

JAKARTA, Indonesia: An Indonesian court sentenced Lina Lutfiawati, also known as Lina Mukherjee, to two years in prison this week ...

China wants Hong Kong consulates to give personal data of local staff

HONG KONG: The Chinese Foreign Ministry has issued a request to all foreign consulates in Hong Kong, seeking the personal ...

Rattlesnake bites Amazon driver in Florida during delivery

MARTIN COUNTY, Florida: An Amazon driver making a delivery to a Florida home this week was bitten by a rattlesnake ...

Canada's TMX expansion may triple oil flow to country's Pacific Coast

CALGARY, Canada: From early 2024, the long-delayed and controversial Canadian government-owned Trans Mountain oil pipeline expansion (TMX) is expected to ...

Pakistan's Supreme Court proceedings go live on state TV

ISLAMABAD, Pakistan: Pakistan's Supreme Court proceedings were broadcast live on state television on Monday, providing an unprecedented glimpse into the ...

9 teenagers caught after escaping from Pennsylvania detention center

MORGANTOWN, Pennsylvania: Pennsylvania state police said that nine teenage boys who escaped from the Abraxas Academy detention center this week ...

Business

Section