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Key Points

Rajasthan Chief Minister Bhajan Lal Sharma announced that India has become the fourth-largest economy and is positioned to become the third-largest soon. He emphasized that the country's youth and technological capabilities will drive this transformation over the next two decades. Speaking at MNIT Jaipur's convocation, he highlighted the institute's crucial role in fostering innovation through partnerships with defense and atomic energy sectors. The CM also praised MNIT's achievements in research, international admissions, and maintaining the highest female student ratio among all NITs.

Key Points: Bhajan Lal Sharma Says India Poised for Third Largest Economy

  • India has achieved fourth-largest economy status and is advancing to third position
  • Youth and technological capabilities will drive unprecedented economic growth
  • MNIT recognized as top NIT in North India with 249 research projects
  • Institute partners with Indian Army and atomic energy department on innovation
  • Over 150 doctorates awarded and 77 international students admitted this year
  • MNIT leads in gender equality with highest female student ratio among NITs
2 min read

India poised to become third-largest economy soon: Rajasthan CM

Rajasthan CM predicts India will become world's third-largest economy soon, highlighting youth potential and MNIT's role in technological transformation.

"Scientists, technologists, strategists, and innovators will be the leaders of tomorrow - Bhajan Lal Sharma"

Jaipur, Oct 11

Rajasthan Chief Minister Bhajan Lal Sharma on Saturday said that India has become the fourth-largest economy and is now poised to become the third-largest soon.

“India will be among the world’s top economic powers in the next two decades. Our youth, skills, and technological capabilities will be unprecedented, and institutions like MNIT will play a central role in this transformation,” he said.

Addressing the 19th Convocation Ceremony of MNIT Jaipur, the Chief Minister urged the youth to carry forward this legacy and make India not only a consumer of technology but also a creator. “We must take our ingenuity to laboratories, startups, industries, and classrooms. The future belongs to semiconductors, quantum computing, renewable energy, and artificial intelligence. Scientists, technologists, strategists, and innovators will be the leaders of tomorrow,” he said, emphasising that technology is the key that unlocks the doors to prosperity, security, and respect.

Sharma said that nations that lead in new technology and innovation are the ones that shape the future of the world. Commending the Malaviya National Institute of Technology (MNIT), he said the institute has enhanced Rajasthan’s reputation through innovation, entrepreneurship, and world-class research. “MNIT has today become a symbol of knowledge, innovation, and national service,” he added.

The Chief Minister highlighted that MNIT’s recognition as the top NIT in North India in the NIRF rankings is a matter of pride. The institute’s research journey includes 249 consultancy projects worth over Rs 13 crore. He lauded the MoUs signed with the Indian Army’s South Western Command, Redox Engineering, and the Nuclear Fuel Complex (Department of Atomic Energy), calling them new milestones for the institute.

Sharma shared that over 150 students received their doctorates this year, while 30 differently-abled students graduated. The institute also admitted 77 international students this session. Highlighting MNIT’s commitment to women’s empowerment, he noted that it maintains the highest student-student ratio among all NITs in the country. He further announced that MNIT has begun uploading degrees to the National Academic Repository’s DigiLocker platform, keeping pace with digital transformation. Sharma said that the state’s Startup Policy has opened new doors of innovation and entrepreneurship for young people.

- IANS

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Reader Comments

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Rohit P
Great to see focus on semiconductors and quantum computing. But we need to ensure this growth reaches rural areas too. The urban-rural divide in tech education is still significant. Hope government policies address this gap.
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Arjun K
MNIT making Rajasthan proud! 👏 The focus on women's empowerment with highest student ratio among NITs is particularly impressive. This is the kind of inclusive growth India needs to become a true global leader.
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Sarah B
While the economic growth numbers are impressive, I hope we're also focusing on sustainable development. Renewable energy and environmental protection should be integral to our growth story.
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Vikram M
The MoUs with Indian Army and nuclear fuel complex show how academic institutions are contributing to national security. This is the kind of synergy that will make India a technology creator, not just consumer. Jai Hind! 🇮🇳
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Michael C
As someone working in tech industry, I can see the transformation happening. Indian startups are making waves globally. The focus on entrepreneurship in institutes like MNIT will accelerate this trend further.

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