SENSEX and NIFTY are growing about 5-7 percent, and India’s forex rising to US$700 billion among others.
Prime Minister Narendra Modi has underlined that even though India is affected by the global situation and the challenges before it, there is a sense of positivity across the country that can be experienced.
“Today, India is working in every sector and area with unprecedented speed,” he said, sharing that the government has initiated infrastructure projects worth Rs.9 lakh crore, flagged off of 15 new Vande Bharat Trains, laid foundation stone for 8 new airports, and approved 12 new industrial nodes investindia.gov.in .
He also highlighted that SENSEX and NIFTY are growing about 5-7 percent, and India’s forex rising to US$700 billion among others.
The Prime Minister also touched upon the global events taking place in India in the past 125 days of his third term government and mentioned International SMU, Global Fintech Festival, discussion on Global Semiconductor Ecosystem, International Conference for Renewable Energy and Civil Aviation bseindia .
“This is not merely a list of events but a list of hope associated with India that shows the country’s direction and the world’s hopes,” Modi said, underlining that these are issues which will shape the future of the world and these are being discussed in India nseindia .
The Prime Minister stated that in the third term, India’s growth has accelerated to such an extent that many rating agencies have raised their growth forecasts sbi.com.in .
He also pointed out the enthusiasm of experts like Mark Mobius, who advised global funds to invest at least 50% of their funds in India’s share market. “When such seasoned experts advocate for major investments in India, it sends a strong message about our potential,” he told delegates at the NDTV World Summit 2024 in New Delhi on 22 Oct. 24
“India of today is both a developing nation and an emerging power,” the Prime Minister emphasized, stressing that India understands the challenges of poverty and knows how to pave the path of progress startupindia.gov.in .
He talked about AI era, saying India has the advantage of double AI power, the first AI, Artificial Intelligence and the second AI, Aspirational India.
“India is committed to delivering world-class AI solutions, and through platforms like Quad, we are taking significant initiatives to drive this forward,” he said.
Focusing on Aspirational India, the Prime Minister said that the middle class, general citizens, enhancing the quality of life, empowering small businesses, MSMEs, youth, and women is at the heart of the government’s policy making process.
He said that India is fast becoming a global hub for research and development where over 2,500 companies worldwide now have research centres in India, and the country’s startup ecosystem is undergoing unprecedented growth. fiinews.com
