Print

India on track to become world’s third-largest economy by 2029: Sarbananda Sonowal

Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal said on Saturday that India is firmly on track to become the world’s third-largest economy by 2029, crediting 11 years of Prime Minister Narendra Modi’s “decisive and corruption-free” governance for triggering an “unstoppable surge” in national development.

Addressing a press conference in Dibrugarh to mark the NDA government’s 11th anniversary, Sonowal said that India has moved past an era of ‘policy paralysis and dynastic misrule’ and is now being powered by welfare-led development, innovation by the youth, and record-breaking infrastructure expansion.

He said over 25 crore people have come out of poverty in the last 10 years, a number bigger than the population of many European countries.

“This is the Modi guarantee – delivery with speed, scale and honesty,” Sonowal said.

The Union minister added that India’s journey to becoming the fourth-largest global economy is just the beginning.

By 2029, he said, India will rise to the third spot. “We are building a strong foundation for a Viksit Bharat — a developed, self-reliant India,” he said.

Sonowal also highlighted India’s booming startup ecosystem, which has grown from 30,000 startups in 2014 to over 1 lakh today.

“Over 1.7 crore youth are now part of this vibrant startup movement. This is the new India — full of young dreamers and doers,” he said.

Talking about the development of the Northeast, Sonowal said it has been transformed under the Modi government.

“Prime Minister Modi has visited the Northeast more than 70 times — more than any other PM in history. He turned a neglected region into a growth engine,” he said.

According to Sonowal, the recent ‘Rising Northeast’ summit brought in investment promises worth over Rs 4.5 lakh crore.

He said major infrastructure projects are ongoing, including roads, railways, internet connectivity and modern river ports at Jogighopa, Dhubri, Pandu and Dibrugarh that will connect Assam with global trade routes.

(With inputs from IANS)

RELATED ARTICLES

9 hours ago | India Tanzania economic partnership

India–Tanzania trade crosses $9 billion as both sides deepen economic partnership

India and Tanzania have reaffirmed their commitment to expanding bilateral trade and economic cooperation, with trade between the two countries crossing the $9 billion mark in 2025–26.  The milestone was highlighted during the 5th session of the ...

10 hours ago | India-UAE CEPA

India-UAE CEPA driving strong trade growth, opening new opportunities: Piyush Goyal

The India-UAE Comprehensive Economic Partnership Agreement (CEPA) is driving robust trade growth and creating new opportunities for Indian businesses, Union Minister Piyush Goyal said on Friday. Four years after the implementation of CEPA, the econo...

12 hours ago | upi transaction

UPI sees 25% growth at 22.35 billion transactions in April, begins FY27 on a strong note

India’s digital payments ecosystem recorded a 25 per cent year-on-year growth in April, with UPI clocking 22.35 billion transactions. In value terms, transactions stood at Rs 29.03 lakh crore, reflecting a 21 per cent annual growth, according to da...