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PM Modi, addressing the nation from the Red Fort, said India has transformed from a ‘Fragile Five’ economy into the world’s fastest-growing major economy in 12 years, crediting citizens for the achievement. He highlighted progress in defence, manufacturing, railways and digital sectors, and reiterated the goal of making India a developed nation by 2047.

New Delhi: Prime Minister Narendra Modi on Saturday highlighted India's rise from the 'Fragile Five' economies to the world's fastest-growing major economy in the past 12 years and credited the countrymen for this achievement.

Addressing the nation from the Red Fort, PM Modi said, "Over the past 12 years, crores upon crores of citizens of this country - whether Dalit, oppressed, deprived, tribal, rural resident, urban resident, poor, or middle class; whether youth, elderly, woman, or man; whether from the North, South, East, or West - everyone over the past 12 years, with determination and dedication, has made every possible effort to take the country to new heights."

"I acknowledge and pay my respectful tribute to their efforts. And it is the outcome of these very efforts that in such a short span of time, 25 crore fellow countrymen have defeated poverty and emerged out of it," he added.

Crediting the countrymen for the achievements of the nation, PM Modi said, "We were once counted among the 'Fragile Five'. However, India has, within just 12 years, emerged as the world's fastest-growing major economy."