Independence Day speech: PM Narendra Modi guarantees India’s place in the list of top-3 economies by 2028

Addressing the nation on its 77th Independence Day, Prime Minister Narendra Modi on Tuesday said that in the next five years he will ensure India becomes one of the top-3 economies in the world.

PM Narendra Modi addressing the nation from the iconic Red Fort as India celebrated Independence Day on Tuesday. Photo Courtesy: PMO India Youtube page video grab

Modi said he believed the country will become a developed nation by 2047 during his speech from the Red Fort.

"It's my firm belief that by 2047, India will emerge as a developed country in the world," Modi said.

Modi said: "It's Modi's Guarantee that within the next 5 years, I'll place India in the list of Top-3 economies of the world."

Meanwhile, India will vote to elect a new Lok Sabha in 2024.

Narendra Modi and his NDA government came to power in 2014 after registering a resounding victory in the Lok Sabha polls, removing the Congress-led UPA government that had been ruling the country since 2004.

He said his government has been successful in containing inflation at a time when several countries are struggling with the problem.

"Today, inflation has taken a toll on the economies across the world," he said.

"But notably, India's efforts in the direction of containing inflation have been successful when compared to earlier times," Modi said.