India Poised To Become Third Economic Power

Updated: Apr 27 2004, 05:30am hrs
India is on the threshold of becoming third biggest economic power in the world in terms of purchasing power party, finance minister Jaswant Singh said here on Monday.

India had already created its niche in the international economy by its internal strength and it was a matter of few years that the country would become third major economy in the world on the basis of purchasing power parity, Mr Singh told reporters.

He also said the nda government had achieved much in every field during the last five years and hoped that people would again put their faith in the government headed by Atal Bihari Vajpayee.

Although we inherited several problems like regional disparities because of geographical and social reasons, and political instability, the NDA govt changed the scenario to put the country on the path of fast development, the finance minister said.