Delhi, July 30, 2024 — Prime Minister Narendra Modi delivered a compelling 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 highlighted India’s remarkable economic stability and growth, emphasizing the country’s resilience amid global economic turbulence.
In his speech, Modi contrasted India’s economic performance with the global economic climate. “Even with global growth and inflation challenges, India stands out with its high growth and low inflation,” Modi declared. He praised the country’s fiscal prudence, noting that India’s economic strategies post-pandemic have become a global model of fiscal responsibility and effective management.
Modi detailed India’s increasing role in global trade, highlighting that India’s contribution to global goods and services exports is on the rise. “India’s share in global growth has now reached 16%,” he revealed. This growth, Modi explained, is a testament to the effectiveness of India’s economic policies and its expanding influence in the global market.
The Prime Minister acknowledged the array of economic shocks India has faced, including the unprecedented pandemic, international conflicts, and severe natural disasters such as cyclones, droughts, and earthquakes. “Despite these significant challenges, India has demonstrated extraordinary resilience and achieved substantial growth,” Modi said. He suggested that without these crises, India’s economic performance could have reached even greater heights.
Modi’s address at the CII conference was aimed at reinforcing confidence in India’s economic future and the government’s role in driving growth and stability. His remarks served to highlight the country’s ability to navigate global economic uncertainties and continue its trajectory of robust growth.
The conference offered a critical platform for discussing the Union Budget 2024-25 and its implications for India’s economic policies. Modi’s speech was designed to affirm the government’s commitment to maintaining economic stability and fostering continued progress in the face of external pressures.
By showcasing India’s economic resilience and achievements, Modi’s address underscored the country’s position as a leading player in the global economy. His comments reinforced the narrative of India’s capacity to thrive despite adversity and continue to contribute significantly to global economic stability and growth.
