Lucknow, Nov 14 (PTI) Defence Minister Rajnath Singh on Monday said inflation in India is less as compared to the US, the UK and other countries.

He also claimed that the country's economy is progressing rapidly under Prime Minister Narendra Modi.

Also Read | Patna University Students Election 2022: Candidate Touches Feet of Female Students to Seek Votes (Watch Video).

"Inflation in India is less as compared to America (US), Britain and other countries. Our economy is currently at the fifth position, which will rise to third place in the coming times," he said.

Singh was interacting with members of the Residents Welfare Association, Mahanagar, and citizens of the local parliamentary constituency here.

Also Read | Gujarat Assembly Elections 2022: BJP, Congress Workers Upset Over Candidates' Selection for Upcoming Polls.

Praising the prime minister, he said, "PM Modi says 'Make in India' and also make for the world. Work pertaining to the manufacturing of BrahMos missile unit in Lucknow is being carried out on a fast track mode and Rs 385 crore has been approved for the project recently."

BrahMos manufacturing is part of India's defence export plans and the country earlier this year signed a $375 million deal to export the supersonic cruise missile to the Philippines.

According to Singh, exports in the defence sector have risen from Rs 900 crore in 2014 to Rs 18,000 crore this year.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)