India set to emerge as world’s third-largest economy: Union Minister Pralhad Joshi

Pralhad Joshi, Union Minister for Consumer Affairs, Food and Public Distribution, and New and Renewable Energy, expressed assurance that India’s accelerated advancement crossed sectors volition propel it to go the world’s third-largest system successful the adjacent future.

He was speaking aft inaugurating the Global Alumni Meet astatine Poojya Doddappa Appa College of Engineering successful Kalaburagi metropolis connected February 21. The assemblage was founded by the Hyderabad Karnataka Education (HKE) Society successful 1958.

Highlighting India’s increasing stature successful education, helium noted that aft the United States, the United Kingdom, and China, India is making important strides successful the world sphere. In the QS World University Rankings 2026, a grounds 54 Indian institutions person been featured, marking a important emergence successful planetary representation. He expressed assurance that wrong the adjacent 5 years, astatine slightest 100 Indian institutions are expected to fig successful the QS World University Rankings, reflecting the transformative advancement nether mode successful higher education.

Emphasising connected India’s expanding probe ecosystem, Mr. Joshi stated that the country’s expenditure connected Research and Development (R&D) stands astatine ₹1.27 lakh crore. The yearly patent exertion filings person accrued to 92,000, underscoring India’s increasing prominence arsenic a planetary hub for science, technology, and innovation. As per the Science and Engineering (S&E) Indicators 2022 published by the U.S. National Science Foundation, India ranks 3rd globally successful Science and Engineering PhDs, aft the United States and China.

Referring to the hosting of an AI Impact Summit 2026 successful India for the archetypal time, Mr. Joshi called it a substance of pridefulness and noted that the Union authorities is investing implicit ₹10,300 crore successful AI innovation nether the India AI Mission to fortify computing infrastructure, information access, skilling, and governance frameworks. In addition, the Union Budget 2026-27 has allocated ₹40,000 crore for India Semiconductor Mission (ISM) 2.0 to boost indigenous semiconductor manufacturing. He observed that portion manufacturing is slowing successful immoderate countries, it is increasing successful India.

Mr. Joshi stressed that acquisition institutions indispensable absorption connected imparting prime skills beyond degrees and expressed assurance that the instauration tin execute apical rankings successful the coming years.

Praising the institution’s decades of work successful delivering prime acquisition and shaping palmy professionals, helium urged alumni to springiness backmost done mentorship, guidance, and enactment to assistance fortify the instauration for aboriginal generations.

Eshwar B. Khandre, Minister for Forest, Ecology and Environment, and Sharanabasappa Darshanapur, Minister for Small Scale Industries and Public Enterprises, some alumni of the institution, lauded the imaginativeness of Mahadevappa Rampure and others successful establishing the HKE Society six decades agone to supply affordable, prime education. They fondly recalled their assemblage days and thanked their teachers for shaping their career.

Surender Pal Singh Saluja, president of Premier Energies and alumnus, was the main impermanent connected the occasion.

HKE Society president Shashil G. Namoshi, erstwhile DGP Raghavendra Auradkar, and MLCs Sunil Vallyapure and Jagdev Guttedar were present.