New Delhi, Jan 25 (PTI) President Droupadi Murmu on Sunday said India is the world's fastest-growing major economy and is moving towards achieving its goal of becoming the third-largest economy in the near future, despite global uncertainties.

In her address to the nation on the eve of the 77th Republic Day, she said the country is recording continuous economic growth, driven by large-scale investments in world-class infrastructure and guided by the principles of 'atmanirbharata' and 'swadeshi'.

"By investing in the creation of world-class infrastructure, we are rebuilding our economic strength at a much larger scale," she said, adding that India is shaping its economic destiny through self-reliance and indigenous capabilities.

Highlighting key economic reforms, the President said the implementation of the Goods and Services Tax (GST) was the most significant decision for economic integration after Independence, establishing the framework of "One Nation, One Market".

She noted that recent decisions to make the GST system more effective would further strengthen the economy.

The President also underlined the importance of labour reforms, saying the four Labour Codes issued by the government would benefit workers and accelerate enterprise development.

She said the Republic Day was an occasion to strengthen the spirit of patriotism and urged citizens to work together with the resolve of "Nation First" to make the Republic more glorious.

She extended Republic Day greetings to the people and expressed confidence that their lives would be filled with happiness, peace, security and harmony. PTI MHS SKL KVK KVK

India's economy advancing toward third-largest status; GST reforms and four Labour Codes aim to strengthen markets and workers. India is advancing toward becoming the third-largest economy through large-scale infrastructure investment and policies of self-reliance and indigenous capability. The address highlights the Goods and Services Tax as the pivotal reform for economic integration under the 'One Nation, One Market' framework and notes recent steps to improve GST effectiveness. It also stresses the four Labour Codes as reforms intended to benefit workers and accelerate enterprise development.