Prime Minister Narendra Modi said India’s economy will be among the top three in the world within five years, as he marked 76 years of independence from British rule on Tuesday.

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    Wearing a flowing, multi-colored turban, Modi addressed the country from New Delhi’s 17th century Mughal-era Red Fort, saying his government had lifted over 130 million people out of poverty and that India’s growing prosperity was an opportunity for the world.

    His statement comes after reports last year from S&P Global and Morgan Stanley forecast that India’s economy would overtake Japan and Germany’s to become the world’s third largest by 2030.

    They said India’s economic boom will be driven by offshoring, investment in manufacturing, growing digital infrastructure and energy transition.

    We are bringing the promise of stability to the world,” he said, adding that all eyes would be on India as it hosts the G-20 Summit in New Delhi next month.

    The prime minister also reiterated calls for peace in the northeastern state of Manipur, where a near civil war has raged for months and killed over 150 people.

    Since clashes between two dominant ethnic groups erupted in early May, residents in Manipur have protested against the state government, ruled by Modi’s party, and called for the firing of its chief minister.


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