PM Modi Commits to Economic Reforms and Stability for Investors

Prime Minister Narendra Modi stated on Saturday that while many countries voted for change this year, Indians chose continuity, political stability, and economic growth. He emphasised that a new neo-middle class is propelling the nation's progress.

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Addressing the ET World Leaders Forum, Modi highlighted India's unique success story, noting the visible impact of reforms on the economy's performance. He stressed that global prosperity is linked to India's prosperity and expressed his government's desire for more companies to become global brands.

India's Economic Vision

Modi assured investors of facilitation, reforms, a stable policy regime, and high growth. In return, he asked them to promise innovation, performance, positive disruption, and high-quality products. He described the current decade as an era of "lift-off" for India that will benefit everyone.

"Today’s India is a land of opportunity," Modi said. "India today is the biggest land of opportunities in the world. We respect wealth creators," he added, emphasising the country's commitment to innovation, inclusion, and international cooperation.

Government's Recent Initiatives

Despite opposition criticism over a reduced majority in recent elections, Modi asserted that his government has started its third term with renewed determination and confidence. "In less than 100 days of our third term, we have taken big decisions for the poor, women, youth, and farmers," he said.

Modi also mentioned efforts to make India a global health and wellness centre. He noted that one lakh more medical seats have been added in the last decade compared to the 60,000 that existed before. An additional 75,000 seats will be added in the next five years.

Boosting Tourism and Agriculture

The Prime Minister highlighted initiatives to enhance India's tourism profile and transform it into a global food basket. He expressed his resolve to ensure that Made-in-India products are present on dining tables worldwide.

Modi concluded by reiterating his vision for India's future: "The unfolding third decade of this century is an era of our country's lift-off which will benefit everyone." His speech underscored India's commitment to economic growth and global leadership.