Full text of Prime Minister's address at the Bloomberg New Economy Forum in New Delhi

Prime Minister Narendra Modi delivered a comprehensive and visionary address as the keynote speaker at the prestigious Bloomberg New Economy Forum held in New Delhi. On this high-level economic platform, the Prime Minister highlighted India’s economic transformation, the country’s growing role in global supply chains, and the importance of innovation-driven development. The forum was attended by leading executives, investors, journalists, and policymakers from around the world, with whom the Prime Minister engaged in direct dialogue.

During the address, the Prime Minister argued that India is no longer just a large market but is becoming a robust pillar of the global economy. Citing the success of the “Make in India” initiative, he explained how the country is rapidly emerging as a world-class manufacturer. The Prime Minister specifically emphasized investments being made in emerging sectors such as semiconductors, electronics, and green energy. He noted that India is emerging as a global hub not only in manufacturing but also in digital infrastructure and artificial intelligence (AI).

The Prime Minister also discussed India’s proposed solutions amidst the challenges facing the global economy, such as geopolitical tensions and the energy crisis. He reiterated his demands for reform within the World Trade Organization (WTO) and struck a balance between patriotism and global cooperation. The Prime Minister stated that India’s development model is a unique convergence of democratic values and market-based measures, serving as an inspiration for other developing nations.

During the forum, the Prime Minister assured investors that the Indian government is committed to maintaining transparency in regulations and a favorable environment for investment. He also stressed the importance of skill development and job creation for the youth, which is crucial for leveraging India’s demographic dividend. The Prime Minister mentioned that India’s economy is becoming more diversified and resilient, while also growing stronger against global risks.

In response to questions from leading Bloomberg journalists and analysts, the Prime Minister provided a detailed explanation of India’s economic policies. He also shed light on the increase in revenue collection, the listing of large companies, and the level of investor confidence in the stock market. This address by the Prime Minister was not only a message of confidence for the Indian public but also sent a clear signal to the global business community that India will be at the center of the global economy in the coming decade.

The forum was held in New Delhi, confirming that India is now a major hub for international economic discourse. The Prime Minister’s address has clarified the direction of the country’s future economic journey, in which innovation, stability, and cooperation will remain the three main pillars.