Prime Minister Narendra Modi on Wednesday said that India will be among the top 3 economies in the world in his third term after the 2024 Lok Sabha elections.

“On the basis of track record, in the third term of our government, India will become the world’s third-largest economy. Yeh Modi ki guarantee hai (This is Modi’s guarantee),” the Prime Minister said while addressing the inauguration ceremony of the International Exhibition-cum-Convention Centre (IECC) complex, rechristened as Bharat Mandapam.

The country is now ranked fifth in the world behind the US, China, Germany, and Japan.

Citing data from the Niti Aayog report, the Prime Minister said that 13.5 crore people have come out of poverty in the last five years. “International agencies are also saying that extreme poverty in India is on the verge of ending. This shows that the decisions and policies that have been made in the last nine years are taking the country in the right direction,” PM Modi said.

“When ‘Kartavya Path’ was being built, many things were running on the front page of newspapers as breaking news. It was raised in courts as well, but when it was constructed, the same people said that it is good. I am sure the ‘Toli’ will also accept ‘Bharat Mandapam’ and it is also possible that they might come here to deliver a lecture in a seminar,” he added.

PM Modi unveiled the name of the new complex through a drone in the presence of Union Commerce Minister Piyush Goyal and other ministers. He said that Bharat Mandapam, which will host the G20 summit in September under India’s presidency, will promote conference tourism.