Sat Aug 30 17:37:02 UTC 2025: ## Summary:

RBI Governor Sanjay Malhotra stated that India is on track to become the world’s third-largest economy. He attributed this expected growth, in part, to the success of the Pradhan Mantri Jan Dhan Yojana (PMJDY) financial inclusion scheme.

## News Article:

**RBI Governor Credits Financial Inclusion as India Poised to Become World’s Third-Largest Economy**

**[City, State] –** Reserve Bank of India (RBI) Governor Sanjay Malhotra announced on Saturday that India is rapidly approaching its goal of becoming the world’s third-largest economy. He emphasized the critical role played by the Pradhan Mantri Jan Dhan Yojana (PMJDY) in driving this economic growth.

Speaking at [Mention event or location if available from further context], Governor Malhotra highlighted the significant impact of the PMJDY, the government’s flagship financial inclusion scheme, on the country’s economic trajectory. He suggested the program has been instrumental in bringing more citizens into the formal banking system, thereby boosting economic activity and contributing to overall national prosperity.

“India is on the cusp of becoming the world’s third-largest economy,” Malhotra stated. “[Quote on the specific benefits of PMJDY or financial inclusion in general would be beneficial here, if available]. The PMJDY has played a crucial role in facilitating this progress.”

The PMJDY, launched in 2014, aims to provide access to financial services like banking, remittances, credit, insurance, and pensions to the unbanked population. While specifics regarding the exact link between the PMJDY and the projected economic growth weren’t detailed in this announcement, Governor Malhotra’s comments underscore the importance of financial inclusion as a key driver of India’s economic advancement.

The announcement comes amidst ongoing discussions about India’s economic performance and its potential to surpass other major economies in the coming years. The RBI and the government have been actively promoting policies aimed at boosting economic growth and ensuring inclusive development.

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