India’s Economic Vision Unveiled

Prime Minister Narendra Modi, addressing the ET World Leaders Forum 2025, emphasized India’s significant contribution to the global economy, projecting a future where the nation accounts for 20% of global economic growth. He attributed this potential to a decade of macroeconomic stability, which has fortified India’s economic foundations.

Strengthening Banking Systems

Modi pointed out that India’s banking sector has undergone substantial reforms, resulting in a more robust and resilient financial system. These changes have been pivotal in maintaining economic stability and fostering growth. The Prime Minister highlighted how these improvements have helped India withstand global economic fluctuations.

Low Inflation and Controlled Deficits

The Prime Minister also noted that low inflation rates and controlled fiscal deficits have been crucial in sustaining economic resilience. By keeping inflation in check, India has managed to protect its economy from external shocks, ensuring steady growth. Modi’s government has focused on fiscal discipline, which has contributed to a stable economic environment conducive to investment and development.

India’s Role in Global Economy

Modi’s speech underscored India’s growing influence on the world stage. With a burgeoning defense industry and advancements in technology, particularly artificial intelligence, India is poised to play a critical role in shaping global economic trends. The forum also explored how India’s strategic partnerships and diplomatic relations are enhancing its position as a key player in international affairs.

Implications for the Future

The discussions at the forum highlighted the importance of continued reforms and strategic investments to sustain India’s growth trajectory. As India aims to increase its share of global economic output, maintaining macroeconomic stability will be essential. The insights shared by Modi and other leaders at the forum suggest a promising future for India as it navigates the complexities of the global economy.