India Has Political Stability, World Sees It As Bright Spot Of Growth: PM Modi
Prime Minister Narendra Modi stated that India is viewed as a global bright spot for growth due to political stability and ongoing policy reforms. He emphasized a shift toward a 'permitted-unless-prohibited' regulatory model to encourage production and ease of living.
Why it matters
The speech outlines the current administration's economic philosophy and its efforts to attract investment through structural reform.
Prime Minister Narendra Modi asserted on Friday that reforms in all spheres are his government's commitment and that India continues to take several steps to ensure continued growth momentum.Addressing the Economic Times World Leaders Forum, PM Modi also said India has political stability and continuity in its policies, and the world sees the country as a bright spot of growth and hope."India continues to take several steps to ensure continued growth momentum. India is pushing ahead with reforms across sectors and reforms are our commitment," he said.The prime minister said the world has many concerns regarding growth as resources are getting weaponised, but India is being seen as a bright spot of growth.He said the NDA government has a clear roadmap for reforms, with a strong focus on governance."Our government is rewarding higher production with incentives," he said.PM Modi alleged that it was the policy of the previous regimes to…
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