India, Aug. 25 -- Prime Minister Narendra Modi addressed the Economic Times World Leaders Forum in New Delhi. He remarked that the timing of this forum is "very perfect." This forum is now acting as a force multiplier for that very spirit.

Stating that extensive discussions have taken place at the forum on global circumstances and geo-economics, the Prime Minister emphasized that when viewed in the global context, one can sense the strength of India's economy. He highlighted that India is currently the fastest-growing major economy in the world and soon, India is poised to become the third-largest economy globally.

Modi cited expert assessments indicating that India's contribution to global growth is expected to reach nearly 20 percent...