On December 9, 2023, Prime Minister Narendra Modi underscored India’s economic prowess, citing a 7.7% GDP growth in the last six months. Addressing the Infinity Forum, he credited transformative reforms for positioning India as a beacon of hope globally.
In a virtual speech, Modi highlighted India’s resilience amid geopolitical tensions, inflation, and rising debt worldwide. He stressed that India’s growth demonstrates the positive outcomes of prioritizing policy, good governance, and welfare-focused economic policies.
Modi recalled international recognitions, including the IMF acknowledging India’s global growth contribution and the World Bank lauding India’s role amid global challenges. Recognitions from the Australian Prime Minister and the World Economic Forum affirmed India’s positive trajectory.
Actively pursuing flexible FDI policies and signing Free Trade Agreements, India aims to reduce compliance burdens and strengthen international economic ties. Modi highlighted reforms like GIFT City and IFSCA, showcasing India’s commitment to a business-friendly environment and global economic collaboration.
