PM Says Geopolitical Conflicts Pose Risk To Global Economy But India Sweet Spot

Prime Minister Narendra Modi highlighted the significant risks posed by ongoing geopolitical conflicts to the global economy and energy security during the Kautilya Economic Conclave. Referring to the Israel-Iran and Russia-Ukraine wars, Modi emphasized that despite global instability, India’s economy remains a bright spot with rapid growth. India's economic performance surpassed expectations, recording an 8.2% growth in 2023-24. The Reserve Bank of India (RBI) has projected 7.2% growth for the current fiscal year. Modi underlined his government's commitment to structural reforms aimed at making India a developed nation by 2047. In just three months, his government has made decisions worth over INR 15 trillion, focusing on bold policy changes, job creation, skills development, sustainable growth, modern infrastructure, and improving the quality of life. Modi’s vision reflects a long-term strategy to ensure continuous economic growth, even amidst global uncertainties.