Prime Minister Narendra Modi said on Tuesday that India was developing at a quick pace and was shining as a "bright spot" in the world.Addressing an industry meet at ONGC Petro Additions Limited (OPAL), he said that "Make in India" had become the "biggest initiative" of the country and all rating agencies have praised it.He noted while the world was facing uncertainty, India was shining as a bright spot. "India is developing at a quick pace," he said.Modi said that the petrochemical sector was growing fast and the experts feel it will that that it will grow at 12 to 15 per cent in the next two decades. He said that industrial area at Dahej was providing employment to lakhs of youth from all over the country.