India, Aug. 23 -- Prime Minister Narendra Modi on Saturday praised the growth of the Indian economy and attributed its success to the past decade's macroeconomic stability. He also said that the country would become the third-largest economy "very soon."

"...Today India is the world's fastest-growing major economy. We are going to become the world's third-largest economy very soon. Experts are saying that India's contribution to the world's growth is going to be around 20 % very soon. The reason behind this growth, this resilience that we are seeing in India's economy, is the macroeconomic stability that has come to India in the last decade," the prime minister said.

Modi made the remarks while addressing The Economic Times World Leader...