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India's Journey From 'Fragile Five' to Major Economy: PM Modi

India's Journey From 'Fragile Five' to Major Economy: PM Modi
From ‘Fragile Five’ To Major Economy: What PM Modi Said About India’s Transformation · timesnownews.com

A long time ago, some experts said India was one of the 'Fragile Five' countries, meaning they thought India's economy was weak.

On the day India celebrated its 80th birthday as an independent country, the Prime Minister, Narendra Modi, gave a big speech from the Red Fort.

During his speech, he reminded everyone that India used to be called a 'Fragile Five' economy.

But he said that because people worked hard, India has grown into a major economy over the past 12 years.

He believes the hard work of the people helped change India's story.

He also pointed out that the old government, led by the Congress party, was in charge during the time India got that label.

Mr. Modi said this shows how much India has improved.

The speech was part of the Independence Day celebrations.

It sends the message that India wants to be seen as a strong and important country now.

Key facts

Speaker
PM Narendra Modi
Event
80th Independence Day address
Location
Red Fort
Timeframe Cited
Last 12 years
Past Economic Label
'Fragile Five'
Claimed Current Status
Major economy
Criticism Target
Congress-led UPA era

Quotes

Prime Minister Narendra Modi

Chief executive of India

“"The world had dumped India's economy in the 'Fragile Five'. People's efforts have resulted in taking India to a major economy in the last 12 years."”
timesnownews.com

Sources

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