India: A Land of Opportunities, PM Modi Assures Reforms to Global Investors

Prime Minister Narendra Modi, addressing the ET World Leaders Forum, emphasised India's potential as a land of vast opportunities. He assured the business community of facilitation, reforms, a stable policy regime, and high growth. Modi urged investors to focus on innovation, performance, positive disruption, and high-quality products, highlighting that India respects wealth creators.

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India's Unique Success Story

Modi stated that India is crafting a unique success story with visible impacts from its reforms on the economy. He noted that while many countries voted for change this year, Indians chose continuity, political stability, and economic growth. This preference has led to the rise of a new neo-middle class driving the country's progress and market direction.

The Prime Minister highlighted his government's dynamic policies and strategies tailored to future needs rather than past precedents. "Our focus is on the future. We want to prepare the country for the challenges and opportunities that await us," he said. He mentioned initiatives in green hydrogen, semiconductors, deep ocean exploration, and space as examples of forward-looking policies.

Economic Growth and Global Leadership

India has experienced sustained growth over the last decade, with a 90% increase compared to the global growth rate of 35%. Modi stressed that India's prosperity contributes to global prosperity. He expressed his desire for more Indian companies to become global brands and for India to lead in every sector.

In less than 100 days into its third term, Modi's government has taken significant decisions benefiting various societal sections. These include housing for the poor, youth packages, and approvals for numerous highway and rail projects. Modi described this period as an era of India's lift-off that will benefit everyone.

Healthcare and Education Initiatives

Modi also focused on making India a global health and wellness centre. Over the past decade, one lakh medical seats have been added compared to the previous 60,000. An additional 75,000 seats are expected in the next five years. These efforts aim to boost India's healthcare infrastructure significantly.

The Prime Minister highlighted efforts to enhance India's tourism profile and establish it as a global food basket. He expressed his resolve to ensure that Made-in-India products are present on dining tables worldwide. This ambition aligns with his government's mantra of "reform, perform and transform."

Impact on Society

Modi asserted that over 25 crore people have risen out of poverty under his government's tenure. This has led to the emergence of a neo-middle class at an unprecedented scale and speed in any democratic society. Their needs are driving growth and fuelling market demand.

In conclusion, Modi's address underscored India's commitment to innovation, inclusion, and international cooperation. His government aims to prepare India for future challenges while ensuring sustained economic growth and societal welfare through dynamic policies and strategic initiatives.