External Affairs Minister S Jaishankar addressing the United Nations General Assembly (UNGA) on Saturday said that India’s economy has become the 5th largest economy in the world. At the 77th annual session of the UN, the External Affairs Minister lauded India’s economic development in the last 75 years. Appreciating the rate of economic growth of India, he said that India aims to be among the developed countries by 2047. India sees itself as a developed country by 2047, the 100th year of its independence. He said that colonialism had made India one of the poorest countries, but today India is the fifth largest economy in the world.
He said, “Digital technology has fortunately advanced the food safety net in current times. More than $300 billion of benefits have been distributed digitally, over 400 million people are regularly fed and we have More than 2 billion have been vaccinated.
S. Jaishankar spoke of India’s faith in the United Nations and its Charter and said, “India is committed to strengthen its partnership with the United Nations to ensure a brighter and growing future for the planet. India believes that development is always in the public interest and open sourcing is the new best way forward.
“In the 18th century, India was about a quarter of the global GGP. By the middle of the 20th century, colonialism ensured that we were one of the poorest countries, but in the 75th year of independence, India proudly stands before you as the 5th largest economy in the world” says S. Jaishankar.
Following the United Nations General Assembly, Maldives Foreign Minister Abdulla Shahid spoke about the India-UN Partnership that “Many Congratulations to India on the partnership with the United Nations. On behalf of the Maldives, I warmly congratulate India on its 75th anniversary of independence and partnership with the United Nations. India has helped and assisted the entire world from disaster relief to dealing with the epidemic. India has also seriously overcome the challenges of economic development reforms to taking anti-Covid vaccines to all. India has been a crucial partner in helping the world. India has made an outstanding effort to help our country even in the toughest of days”. We believe that India’s growth and development is linked to the rest of the world, which cannot be ever separated.
In the 18th century, India’s Gross Domestic Product (GDP) used to be about a quarter of the GDP of the whole world, i.e. about 25 percent, but by the middle of the 20th century, due to colonialism, we were one of the poorest countries in the world” says S. Jaishankar.
S. Jaishankar proudly said that on the completion of 75 years of independence, India stands in front of you with pride and as the fifth economy of the world. India is emerging as the strongest and most rational democracy.