NEW DELHI: Prime Minister Narendra Modi has announced that he will be the Prime Minister for the next term as well. The Prime Minister said that India will become one of the top three economic powers in the world during his third term. He was speaking at the inauguration of the International Exhibition Convention at Pragati Maidan in Delhi.

"In our first term, when people gave me the responsibility, we were in 10th position in the world economy. In the second term we are in 5th position but in my third term, India will be among the top three economies in the world...This is Modi's guarantee. After 2024, in our third term, our journey of development will increase rapidly," he added.

He further emphasized that the infrastructure of our country is changing as compared to earlier and said, "Think big, dream big, act big - India is progressing at a rapid pace adopting this principle. India is now achieving things that were unimaginable earlier."

Citing Niti Aayog's report, PM Modi said that "India can eliminate poverty. In the last 5 years, 13.5 crore people have come out of poverty."

"International agencies are also saying that extreme poverty in India is on the verge of ending. This shows that the decisions and policies that have been made in the last 9 years are taking the country in the right direction," he added.

Modi also renamed the International Exhibition Convention Center as 'Bharat Mandapam' on the occasion.