Prime Minister Narendra Modi highlighted India’s strong economic potential despite global challenges, predicting a growth rate of over 7%. Speaking at the Kautilya Economic Conclave in New Delhi, he described India as a "sweet spot" in the global economy, emphasizing the government's ongoing commitment to structural reforms.
“The government is following the mantra of Reform, Perform, and Transform,” said Modi. He noted that India has integrated "process reforms" into the country's continuous governance, ensuring sustainable progress. Addressing the gathering, the prime minister pointed out that despite the global turmoil, including conflicts in energy-rich regions, India’s trust and self-confidence stand strong.
Modi emphasized that the transformational changes underway will support the nation’s high growth trajectory. The focus areas for the government’s third term include job creation, skill development, sustainable growth, and rapid economic expansion. He highlighted that in just the first three months of the current term, decisions worth over Rs.15 lakh crore have been implemented.
India, now the world’s fastest-growing and fifth-largest economy, leads in fintech adoption rates globally. Modi expressed optimism about the country's growth prospects, saying, “Confidence in India’s growth is evident from the recent data and projections.” He cited upgrades in India's growth forecasts by global institutions such as the World Bank, IMF, and Moody's, all of which predict India's economy to continue growing at a rate of over 7%, despite global uncertainties.
A key feature of India's growth, according to Modi, is its "inclusive" nature, ensuring that the benefits of development reach all sections of society.
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