‘Just a Matter of Few Months Before India…’: Hardeep Singh Puri Big Remark | India News

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri

New Delhi: Union Minister Hardeep Singh Puri on Saturday said that it’s just a matter of a few months before India becomes the world’s third-largest economy.

Speaking at an event organised by the Petroleum Sports Promotion Board (PSPB), Hardeep Singh Puri said, “Today we are growing. In 2014, we were a $2 trillion economy, the 11th largest in the world. Then we became the 5th largest. Today, we are the fourth largest and soon, India’s economy will be the third largest. It’s just a matter of a few months.”

RBI Governor Echoes Same Sentiment As India Records Maximum Growth

Echoing Petroleum Minister’s remarks on the Indian Economy, Reserve Bank of India (RBI) Governor Sanjay Malhotra said India will become the world’s third largest economy soon, and credited the Pradhan Mantri Jan Dhan Yojana for boosting the country’s growth.

His remark came at a time when India’s GDP grew 7.8 per cent in the April-June quarter of the current fiscal, the highest in five quarters before the imposition of heavy tariff on the country by the United States.

Addressing ‘Santripti Shivir’, a financial inclusion campaign by government banks, at Rangwasa village here, Malhotra said the Union government and the RBI had launched the Jan Dhan Yojana in collaboration with banks 11 years ago, leading to development across the nation.

“Today, India is counted among the five most developed countries in the world and very soon the country will become the third largest economy,” he said.

The RBI governor said 55 crore accounts have been opened under the scheme to ensure participation of people from all sections in the country’s growth journey, providing them with savings, pension, insurance, credit and other services.

He underlined the need for Pradhan Mantri Jan Dhan Yojana account holders to update their details under the ‘Know Your Customer (KYC)’ process within the stipulated time to prevent possible misuse of accounts and to ascertain whether they have turned into ‘mule accounts’.

With inputs from PTI

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