Indian economy undergoing transformational change to sustain high growth: Prime Minister Modi

Jobs, skills, sustainable growth and continuing rapid expansion are the focus of Modi 3.0, the prime Prime Minister Narendra Modi on Friday said the Indian economy was undergoing a transformational change to sustain high growth.

Addressing the third edition of Kautilya Economic Conclave in New Delhi, PM Modi described India as a sweet spot amid global uncertainty.

Jobs, skills, sustainable growth and continuing rapid expansion are the focus of Modi 3.0, he said.

Addressing the third Kautilya Economic Conclave, Prime Minister Narendra Modi underscores India’s rapid economic transformation amid global uncertainties. Referring to the Russia-Ukraine and West Asia conflicts, the PM has said these regions are key to the world economy.

Prime Minister Narendra Modi, while addressing the third Kautilya Economic Conclave in New Delhi on Friday, said the Indian economy was undergoing transformational change to sustain high growth.

The prime minister said that the conclave is being organised at a time when there is a war situation in two major regions of the world. Referring to the Russia-Ukraine and West Asia conflicts, Modi said that these regions are very important for the global economy, especially energy security.

“Amid this big global uncertainty, we are here discussing ‘The Indian Era’. It shows that today the trust in India is of a different level.”

While walking on the principle of reform, perform and transform, Modi said, “The government is continuously taking decisions and taking the country forward at a fast pace.”

“When people’s lives transform, they have faith that the country is walking on the right path,” Modi said.

The prime minister added that he was confident that this discussion at the economic conclave would help accelerate India’s development.

“When people’s lives transform, they have faith that the country is walking on the right path,” Modi said.

The prime minister added that he was confident that this discussion at the economic conclave would help accelerate India’s development.

Here is what Prime Minister Modi said at the conclave

— Today, India’s focus is on critical technologies like AI and semiconductors and we are investing a lot in it. Due to the semiconductor mission, 1.5 trillion is being invested here. Soon, India’s 5 semiconductor plants will start exporting Made-in-India chips into the world.

— All the institutions have upgraded their forecasts related to India. All are saying that despite global uncertainty, India will grow at over a 7 per cent rate, but we are confident that we will perform even better than this.

The Institute of Economic Growth, in partnership with the Ministry of Finance, Government of India, is hosting the conclave, from October 4-6.

Nearly 150 national and international academicians and policy makers are attending the event to discuss some of the most important issues confronting the Indian economy and economies of the global south.

With Thanks Reference to:https://indianexpress.com/article/india/indian-economy-transformational-change-sustain-high-growth-pm-modi-9603952/ and https://www.livemint.com/news/india/india-at-sweet-spot-economy-undergoing-transformational-change-key-things-pm-modi-at-kautilya-economic-conclave-11728050529472.html