India is not an emerging but a resurgent power which is regaining its place on the global economic map under the leadership of Prime Minister Narendra Modi,” said Raksha Mantri Rajnath Singh at an event in New Delhi on June 02, 2023. He began his address by stating that until the 17th century, India had a remarkably strong economy, constituting over a quarter of the world’s GDP, but it lost its glory due to a weak military and political slavery.The Raksha Mantri asserted that the Government is working on both these fronts to ensure that India regains its old glorious status. He stated that no stone is being left unturned to create a strong, young & tech-savvy Armed Forces on the back of robust defence industry which indigenously manufactures state-of-the-art weapons/equipment, while efforts are also being made to get rid of the colonial mind-set.
“A strong military not only secures the borders, but also protects the culture & economy of a country. The goal is to build a strong, self-reliant and prosperous nation, which caters to its own needs as well as the requirements of friendly countries. This is an era of renaissance. It is time to re-establish India as a global superpower,” Rajnath Singh said.
Citing a report by Morgan Stanley, the Raksha Mantri said that after naming India among the ‘Fragile 5’ economies in 2013, the investment firm recently stated that the country will be the third largest economy by 2027. He termed it as a testament to the growth of the Indian economy in recent years. He was of the view that the phrase ‘emerging power’ can be used for India in the immediate perspective, but for the long term, he views it as a resurgent power, which is regaining its place on the world economic map.