India could be 2nd-largest economy by 2030: PM Modi

Greater Noida: Prime Minister Narendra Modi exuded confidence on Monday that India would continue to be the fastest-growing large economy, and could be the second-largest economy in the world by 2030.

"Leading agencies such as IMF and World Bank project the same trend to continue in the coming years. In an uncertain global economic environment, India has shown tremendous resilience as an anchor of the world economy," Modi said addressing the inaugural address of Petrotech 2019 here.

Modi said, currently, India is the fastest-growing large economy in the world... and it "recently became the sixth-largest economy in the world. According to a recent report, by 2030 India could be the second-largest world economy."

As per a Standard Chartered report, India is likely to pip the United States to become the world's second-largest economy by 2030. China will on the top spot surpassing the US, which will be in the third place, the report said.