New Delhi, June 16 -- While addressing the India-Cyprus CEO Forum, Prime Minister Narendra Modi on Sunday (local time) highlighted India's economic strength, development and potential, stating India has become the fifth-largest economy worldwide and is swiftly moving towards becoming the third-largest economy soon. It has undergone a remarkable digital revolution, with the Unified Payments Interface (UPI) accounting for 50% of all digital transactions globally, he stated.

"In the last one decade, India has become the fifth largest economy of the world and in the very near future, we are moving very fast towards becoming the third largest economy of the world. Today, India is one of the fastest-growing emerging economies in the world... T...