Prime Minister Narendra Modi delivered a notable address at the ‘Journey Towards Viksit Bharat: A Post Union Budget 2024-25 Conference,’ hosted by the Confederation of Indian Industry (CII) in Delhi. In his speech, Modi highlighted India’s impressive economic performance and resilience, stressing the country’s exceptional growth and stability despite facing global economic uncertainties.
Modi began by underscoring India’s economic achievements against a backdrop of global challenges. “While many global economies are struggling with low growth and high inflation, India stands out with high growth and low inflation,” Modi stated. He credited the government’s fiscal policies for setting a global standard in financial management and economic stability.
The Prime Minister detailed the increasing role of India in the global market, noting that the country’s share in global growth has now reached 16%. “Our contribution to global goods and services exports is growing, which reflects the strength and competitiveness of the Indian economy,” Modi said. He emphasized that this growth underscores the effectiveness of India’s economic strategies and its expanding influence internationally.
Modi also acknowledged the various economic shocks that India has encountered, including the severe pandemic, geopolitical conflicts, and natural disasters such as cyclones, droughts, and earthquakes. “Despite these formidable challenges, India has exhibited remarkable resilience and continued to achieve substantial growth,” Modi remarked. He suggested that without these external pressures, India’s economic progress could have been even more pronounced.
The Prime Minister’s address at the CII conference aimed to reassure industry leaders and stakeholders about the robustness of India’s economic trajectory. Modi’s comments were intended to reinforce confidence in the government’s policies and highlight the country’s ability to thrive amid adversity.
The conference served as an important venue for discussing the Union Budget 2024-25 and its impact on India’s economic future. Modi’s speech underscored the government’s commitment to fostering continued economic growth and stability, reflecting the country’s resilience and strategic prowess in navigating global challenges.
By showcasing India’s economic achievements and resilience, Modi’s address reinforced the nation’s position as a key player in the global economy. His remarks highlighted India’s ongoing success and the government’s dedication to sustaining growth and stability despite external pressures.
