New Delhi: Prime Minister Narendra Modi on Friday said that amid global uncertainty, this is India's time. This shows that today the world has a lot of faith in India. Not only this, the country's confidence is extraordinary.

Addressing the third 'Kautilya Economic Summit 2024', Modi said the event is taking place at a time when two major regions of the world are at war. The Prime Minister said these regions are important for the global economy, especially in terms of energy.

'India is the fastest growing major economy'

He said, 'Despite the geopolitical conditions, the Indian economy is currently undergoing significant transformation with strong fundamentals. India is the fastest growing major economy in the world. It is the fifth largest economy in terms of GDP.'

In his address, PM Modi said that we are number one in smartphone data consumption and the second largest internet user globally. According to ANI, Modi said that the hope expressed by global leaders and financial experts towards India is not a mere coincidence, but it is the result of the reforms brought by his government in the last decade. Investors believe that this is the right time to invest in India.