India on way to becoming 5th largest economy globally: Modi.

Prime Minister Narendra Modi on Friday said that India is on the way to becoming the fifth largest economy in the world and the government is taking reform measures on a "daily basis" to further improve the investment climate in the country. Speaking at the India-South Africa Business Summit, he said India is the world's fastest-growing major economy and the government is committed to building a 'New India' with next-generation infrastructure. At USD 2.6 trillion, the Indian economy is currently ranked sixth in the world behind the US, China, Japan, Germany and the UK. The prime minister...