Saturday, 15 August 2026 MUMBAI EDITION LIVE

India Exits 'Fragile Five', Now Fastest-Growing Major Economy: PM Modi

PM Modi highlights India's rise, credits citizens for achievement. India now fastest-growing major economy.

Mumbai Alert · Politics Desk
Mumbai Alert · Politics Desk
Politics Desk · Mumbai Alert News · Sat, 15 August 2026 at 09:42 am
India Exits 'Fragile Five', Now Fastest-Growing Major Economy: PM Modi

Prime Minister Narendra Modi addressed the nation from the Red Fort on Saturday, highlighting India's significant economic progress over the past 12 years. He noted that India has risen from being one of the 'Fragile Five' economies to become the world's fastest-growing major economy.

PM Modi credited the country's citizens for this achievement, stating that everyone, regardless of their background or socio-economic status, has contributed to the country's growth. He acknowledged the efforts of the citizens and paid tribute to their determination and dedication.

The Prime Minister reflected on India's past, stating that the country had big dreams after gaining independence but often fell short of achieving them. He noted that the world had categorized India as one of the 'Fragile Five' economies, but today, the country is moving ahead with unprecedented speed and confidence.

PM Modi highlighted the significant strides India has made in various sectors, including defence production, garment and electronics manufacturing, railways, and the digital and innovation sectors. He emphasized that no force can stop the resolve of 140 crore Indians.

The Prime Minister also announced an ambitious national goal of becoming a developed country by 2047, when the nation completes 100 years of independence. He emphasized the need for citizens to contribute, participate, and effort towards achieving this goal.

India's rise to becoming the world's fastest-growing major economy is a significant achievement, and the country's citizens have played a crucial role in this progress. The Prime Minister's speech highlighted the importance of collective effort and determination in achieving national goals.

The 'Fragile Five' economies were a group of countries that were considered vulnerable to economic shocks. India's exit from this group is a testament to the country's economic resilience and growth.

As India continues to grow and develop, it is essential to recognize the challenges that lie ahead. The country must continue to invest in its citizens, infrastructure, and economy to sustain its growth momentum.

In conclusion, PM Modi's speech highlighted India's significant economic progress and the importance of collective effort in achieving national goals. The country's rise to becoming the world's fastest-growing major economy is a notable achievement, and its citizens have played a crucial role in this progress.

The Prime Minister's vision for a developed India by 2047 is ambitious, but it is achievable with the collective effort and participation of its citizens. As India continues to grow and develop, it is essential to recognize the importance of sustainability, equity, and inclusivity in achieving national goals.

Overall, India's economic progress is a significant achievement, and the country's citizens have played a crucial role in this progress. The Prime Minister's speech highlighted the importance of collective effort and determination in achieving national goals, and it is essential to recognize the challenges that lie ahead in sustaining India's growth momentum.

Frequently asked questions

What was India previously categorized as?

India was previously categorized as one of the 'Fragile Five' economies.

What is India's ambitious national goal?

India's ambitious national goal is to become a developed country by 2047.

indiaeconomypm modigrowthdevelopment
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