India in position to help lift the world out of slow growth: PM Modi

Prime Minister Narendra Modi said that India, which was directed by reform, performance and transformation mantra on Saturday, August 23, 2025, is in a position to help lift the world before slow growth.

Appeal Economic times The World Leaders Forum in the New Delhi said that India will soon become the world’s third largest economy and that it is on its way to becoming an developed nation until 2047.

Observing that reform is a matter of commitment and conviction for the government, PM Modi said that the new generation GST reform process, which aims to make the law simpler, will be completed before Diwali and will reduce prices.

The Prime Minister also asked the private sector to increase research and development investments in sectors such as clean energy, quantum technology, battery storage, advanced materials and biotechnology. This will strengthen the determination of an advanced India.

“Being satisfied with what has been obtained before is not in my nature. The same approach guides our reforms,” he said. “Reforms for us are neither coercion nor crisis -oriented, but a matter of commitment and conviction.” The Prime Minister said the government would bring a comprehensive series of reforms.

“With this ammunition of these new generation reforms, production will increase in India, market demand will increase, industry will receive a new support, new employment opportunities will be created and both the ease of life and the ease of doing business will increase.”

Despite the deductions of the opposition parties, the government continued to reform reforms during the newly issued monsoon session of parliament.

“Reform, performance, transformation, India, which is guided by Reform, Performance, Transformation, Indian Mantra, is in a position to help to lift the world from slow growth,” he said.

The Prime Minister said in a global context that the Indian economy could realize the power.

“Today, India is the world’s fastest growing main economy. We will soon become the third largest economy in the world. Experts say that India’s contribution to world growth will soon be around 20 percent.”

He said that this growth and flexibility in the economy stems from the macroeconomic stability of India in the last decade. Today, the financial deficit is expected to fall to 4.4%.

Regarding the foundations of the economy, PM Modi said that Indian companies have collected record funds from the capital markets, that banks were stronger than ever, inflation is very low and interest rates are low.

The current account deficit is under control, the forex reserves are also solid and every month, the lakhs of domestic investors are invested in thousands of rupees through sipping.

“You also know that the foundation of the economy is strong when the foundation of the economy is strong, and then the effect is seen everywhere,” he said.

The Prime Minister said that India worked with full force towards the goal of being an developed nation until 2047, and that an advanced India’s foundation is a confident India.

He also drew attention to the fact that the country should focus on three parameters for a confident India-Scale, scale and scope.

Referring to a widely used expression – ‘Missing the bus’ – to show how opportunities can be seized, Modi said that the previous governments in India missed such a few opportunities buses in technology and industrial areas.

However, after 2014, PM Modi said that India has changed its approach and decided not to miss more buses, but decided to take the driving seat.

He said that India has developed all 5G heaps in Turkey. The authority added that the country is working on Indian 6G technology rapidly.

The Prime Minister said that until 2014, India’s automobile exports were about 50,000 crore per year. Today, India exports 1.2 Lakh Crore -worth cars annually.

In addition, India’s metro coaches, railway coaches and railway locomotives began to export.

PM Modi is also preparing to obtain another milestone by exporting electric vehicles to 100 countries and a major event on this success will take place on August 26th.

Published – 24 August 2025 06:33