Archive · 15 Aug 2026
India's Journey From 'Fragile Five' to Major Economy: PM Modi
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.
Prime Minister Narendra Modi addressed the nation on India's 80th Independence Day from the Red Fort.
Modi recalled a period when India was grouped among the world's so-called 'Fragile Five' economies.
He said people's efforts over the last 12 years took India to the status of a major economy.
Modi took a swipe at the Congress-led UPA era, which he linked to the 'Fragile Five' label.
The address highlighted India's dramatic shift in global economic standing over the past 12 years.
- Who
- Prime Minister Narendra Modi
- What
- Delivered an Independence Day address highlighting India's transformation from a 'Fragile Five' economy to a major economy
- When
- On the occasion of India's 80th Independence Day
- Where
- Red Fort
- Why
- To credit people's efforts for India's economic transformation and criticize the Congress-led UPA era
- 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