Prime Minister Narendra Modi highlighted India’s impressive economic performance and resilience during his keynote address at the ‘Journey Towards Viksit Bharat: A Post Union Budget 2024-25 Conference,’ organized by the Confederation of Indian Industry (CII) in Delhi. Modi’s speech focused on India’s exceptional growth and stability, even in the face of global economic turbulence.
Modi began his address by underscoring India’s economic achievements against a backdrop of global challenges. “Despite experiencing low global growth and inflation, India has distinguished itself with high growth rates and low inflation,” Modi remarked. He praised India’s fiscal policies, noting that the country’s post-pandemic financial strategies have set a global benchmark for economic prudence.
The Prime Minister highlighted the significant increase in India’s contribution to global trade, noting that the country’s share in global growth has now reached 16%. “Our role in global goods and services exports is expanding, reflecting the strength and competitiveness of the Indian economy,” Modi stated. He attributed this growth to India’s strategic economic policies and robust recovery efforts.
Modi acknowledged the numerous economic shocks India has encountered, including the devastating pandemic, ongoing international conflicts, and severe natural disasters such as cyclones, droughts, and earthquakes. “In spite of these formidable challenges, India has shown remarkable resilience and achieved substantial growth,” he said. Modi suggested that without these crises, India might have reached even greater economic milestones.
The Prime Minister’s address at the CII conference was intended to highlight India’s strength and adaptability in a complex global environment. Modi’s remarks served to reassure industry leaders and stakeholders of the country’s stable economic trajectory and the effectiveness of the government’s fiscal strategies.
The conference provided a forum for discussing the Union Budget 2024-25 and its impact on India’s economic future. Modi’s speech reinforced the government’s commitment to maintaining robust growth and navigating global economic uncertainties with resilience and strategic foresight.
Modi’s comments underscored India’s role as a key player in the global economy, showcasing the country’s ability to thrive amidst adversity and contribute significantly to global economic stability. The Prime Minister’s address highlighted India’s ongoing economic progress and the government’s commitment to fostering sustained growth and development.
