Prime Minister Narendra Modi, addressing the BRICS Business Forum, highlighted India’s growing innovation ecosystem and its potential to reach global markets through BRICS. He said Indian startups are transforming sectors such as AI, education and healthcare, while also pushing new frontiers in green hydrogen, batteries, defence and space. Modi also highlighted India’s Unified Payments Interface (UPI) as an example of innovation at population scale, saying it has accelerated financial inclusion and digital transactions, with India accounting for 50 per cent of the world’s real-time payments. He said BRICS innovators can draw on India’s open digital ecosystem and experience to develop new solutions for their own countries.
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