India's Minister of Heavy Industries Mahindra Nath Pandey said his country is moving quickly towards becoming the world's third-largest economy after momentum in the manufacturing sector.
Addressing the opening session of the International Conference on India's Progress towards the Third Greatest Economy after 75 Years of Independence, Pandey explained that "the country is moving rapidly in its transformation to become the third largest economy due to the promotion of industrialization under the able leadership of Prime Minister Narendra Modi."
Last year, the Indian government announced its intention to double its pledges on public spending to stimulate the economy, as it expects to benefit from the post-coronavirus economic recovery.
Source (Asharq Al-Awsat Newspaper, Edited)
