Asserting that India is on the path to becoming the world's third-largest economy, Prime Minister Narendra Modi said on Saturday that the country must remain alert to its own economic priorities amid the instability and uncertainty facing the world economy.
PM Modi's remarks came just days after U.S. President Donald Trump called India a "dead economy" after announcing a 25% tariff on the import of Indian goods along with an unspecified "penalty" for buying Russian military equipment and crude oil.
Is India the world’s fourth largest economy?
Addressing a public meeting in his parliamentary constituency Varanasi on Saturday (August 2, 2025), Mr. Modi said, "As we talk about economic progress, I want to draw your attention to the current global scenario.
"The world economy is facing instability and uncertainty. In such times, countries are focusing solely on their own interests. India, too, is on the path to becoming the world's third-largest economy and must remain alert to its own economic priorities."
