Finance Minister Nirmala Sitharaman said on Wednesday exuded confidence that India will become the world's third largest economy worth over USD 5 trillion by 2027-28 and a developed nation by 2047, with GDP touching USD 30 trillion.

"Over the next five years, Adani Group will invest over Rs 2 lakh crore in Gujarat - that is USD 25 billion - thereby creating over 1 lakh direct and indirect jobs," Adani said at the 10th Vibrant Gujarat Global Summit here.

The UAE president is the chief guest at the 10th edition of the Vibrant Gujarat Global Summit (VGGS) which will be inaugurated by PM Modi at Mahatma Mandir Convention Centre in Gandhinagar on Wednesday.

Meet Amish Shah, 49, the first person in the world to launch lab-grown diamond jewellery in a retail marketplace as News Arena India talks with him during his visit to his home state as a speaker at the 10th Vibrant Gujarat.

A total of 20 countries are participating in the show, which was inaugurated ahead of the tenth edition of the Vibrant Gujarat Global Summit. The summit will also be inaugurated by the prime minister.

Modi also met top industry leaders and CEOs from across the globe and discussed plans to bolster investments in India, as per a series of posts on X by the Prime Minister's Office (PMO).

The biennial Vibrant Gujarat Global Summit, being organised by the Gujarat government since 2003, coupled with years of carefully-planned strategies and thoughtful implementation has helped the state garner a cumulative foreign direct investment (FDI) of USD 55 billion between 2002 and 2022