At the ‘Journey Towards Viksit Bharat: A Post Union Budget 2024-25 Conference,’ organized by the Confederation of Indian Industry (CII), Prime Minister Narendra Modi delivered an insightful address, celebrating India’s remarkable economic performance and resilience. Modi’s remarks underscored the country’s robust growth and fiscal discipline in the face of global economic challenges.
Modi began his speech by praising India’s economic stability, noting that despite global low growth and inflation, India continues to shine with impressive economic metrics. “India’s growth and stability are exceptional,” Modi asserted. “While global economies struggle with low growth and high inflation, India has managed to maintain high growth rates and low inflation.”
The Prime Minister highlighted the substantial progress in India’s fiscal management, calling the country’s post-pandemic financial approach a global model of fiscal prudence. “Our fiscal discipline has set a new standard for economic management worldwide,” Modi remarked. He pointed out that India’s contribution to global exports of goods and services has increased significantly, and the country now represents 16% of global growth.
Modi also acknowledged the numerous economic shocks India has faced over recent years, including the worst pandemic in a century, international conflicts, and severe natural disasters like cyclones, droughts, and earthquakes. “Despite facing these major disruptions, India has shown incredible resilience and achieved significant growth,” he stated. Modi suggested that without these crises, India’s economic achievements might have been even greater.
The Prime Minister’s speech at the CII conference aimed to reinforce confidence in India’s economic trajectory and the effectiveness of government policies. Modi’s address was designed to highlight the country’s ability to overcome challenges and continue on a path of robust economic growth.
The conference provided a key platform for discussing the implications of the Union Budget 2024-25 and the future of India’s economic policies. Modi’s comments were intended to reassure stakeholders of India’s stable economic environment and to underscore the government’s commitment to fostering continued growth and resilience.
By emphasizing India’s economic strength and resilience, Modi’s address showcased the country’s role as a major player in the global economy, reflecting its capacity to maintain stability and progress despite external pressures.