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Vibrant Gujarat Summit 2024 Live: India Will Be Third Largest Economy By 2027-28, Says FM Nirmala Sitharaman

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<div class="paragraphs"><p>Source: Nirmalan Sitaraman X account&nbsp;</p></div>
Source: Nirmalan Sitaraman X account 
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More than 80% people in India now have bank accounts. Per capita income of Gujarat is 1.7x national average. Gujarat is growing at a 12% CAGR in last 10 years.
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Gujarat Is Growing At 12% CAGR: FM Nirmala Sitharaman

  • More than 80% people in India now have bank accounts.

  • Per capita income of Gujarat is 1.7x national average.

  • Gujarat is growing at a 12% CAGR in last 10 years.


India Becomes Third Largest Startup Ecosystem: FM Nirmala Sitharaman

  • With emphasis on sunrise industries, India will become in-house producer of semiconductors.

  • India has become the 3rd largest startup ecosystem.

  • 100 billion UPI transactions happened in 2023 in India.


FPI Flow Has Been High: FM Nirmala Sitharaman

  • Food processing plants have gone up significantly in the last 9 years.

  • Over 50 crore people have been brought into the banking system.

  • FPI flow has been high despite global risks and high rates maintained by the Fed.


India Will Cross $5 Trillion By 2027-28: FM Nirmala Sitharaman

  • India will be the 3rd largest economy by 2027-28 and cross $5 trillion

  • 57 lakh loans have been granted to street vendors in an effort to make ground-level credits easier.

  • Able to make sure that technology is used to implement government schemes.


World Looking At India: PM Modi

India has made the world believe that we can achieve our goal, says PM Modi.

  • The world looks at India as an important pillar of stability.

  • The world looks at India as a friend who can be trusted.

  • The world looks at India as a hub of technology to find solutions.














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