Prime Minister Narendra Modi on Thursday said India is on its way to become a 5 trillion dollar economy.

Addressing the Indian community in Korea, Modi said India will soon become a 5 trillion dollar economy. 

He spoke of the phenomenal progress made in Ease of Doing Business, and in Ease of Living. He also mentioned reforms such as GST and cashless economy. 

He mentioned that the world is witnessing a financial inclusion revolution in India. In this context he spoke of bank accounts, insurance and Mudra loans. 

He said that India's prestige is rising because of several achievements. He mentioned free treatment for the poor, the tallest statue in the world - Statue of Unity, and Digital India. 

The Prime Minister also spoke of India's developments in the field of clean energy, and the formation of the International Solar Alliance. 

The Prime Minister said that there is a new energy in India today. He also mentioned that tomorrow, he shall receive the Seoul Peace Prize, on behalf of the people of India, and the Indian diaspora. 

Modi described the Indian community all over the world, as ambassadors of India, whose hard work and discipline has raised India's stature worldwide. 

The Prime Minister said that India is celebrating the 150th anniversary of Mahatma Gandhi this year. He said that the world must know more about Bapu, and it is our responsibility to pursue this objective. 

The Prime Minister said that India's ties with Korea are strengthening, and both countries are working together for peace, stability and prosperity in the region.

He noted that Indian brands are now present in Korea, and Korean brands are household names in India.