India is on the threshold of becoming the world's economic powerhouse today: PM

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PM Modi inaugurated the Bharat Mobility Expo 2024. Addressing the gathering, he said, "India is on the threshold of becoming the world's economic powerhouse today. The auto and automotive component industry plays a significant role in this. Your industry represents a substantial portion of the country's total exports. In terms of passenger vehicles, India is currently the world's third-largest market. We are the third-largest producer of commercial vehicles globally. Our components industry is also becoming globally competitive."

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