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Union Minister for Heavy Industries Mahendra Nath Pandey on Tuesday said India is moving fast towards becoming the third largest economy following the thrust on the manufacturing sector. "The country is moving fast towards becoming the third largest economy due to the promotion of manufacturing under the able leadership of Prime Minister Narendra Modi," Pandey said addressing the inaugural session of the two-day international conference on 'India's Progress towards Third Greatest Economy after 75 Years of Independence'. The conference was jointly organised by Lucknow University's Department of Commerce and Indian Accounting Association. "Seeing the changing picture of the country socially and economically, even the critics of India are believing that with the speed with which the economy is growing, it is estimated that by the year 2027, India will become the third largest economy in the world," he said. "Today, not only are new opportunities opening up for the youth in the country