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India • Jun 16, 2025

PM Modi forecasts India as world's 3rd largest economy

During his visit to Cyprus, PM Modi shared his big goal: seeing India become the world's third-largest economy. At a business event with Cyprus's President, he talked about how steady reforms and stable policies over the last 11 years have set the stage for this growth.

TL;DR

Agreements for easier cross-border payments

Modi spotlighted India's booming digital economy, saying half of all global digital payments happen in India thanks to UPI—and now, UPI is coming to Cyprus too. He emphasized India's role as a key partner for Europe. The visit also saw new agreements for easier cross-border payments and a business council launch, aiming to make travel and trade smoother between the countries.