New Delhi| Aug, 23 : Prime Minister Narendra Modi highlighted India on Saturday said that India’s contribution to the world’s growth” in the eye of the experts is going to be around 20% very soon and the reason behind this expert opinion is resilience in India’s
Prime Minister highlighted India’s imminent rise as the world’s third-largest economy, projecting a contribution of approximately 20% to global growth. He attributed this economic resilience to the macroeconomic stability achieved over the past decade, noting improvements in fiscal deficit, low inflation, and strong foreign exchange reserves. Modi emphasized the robust performance of Indian banks and the record fundraising by companies in the capital market.
During his address at the ET World Leaders Forum 2025, he announced that the first Made in India semiconductor chip is expected to launch by the end of the year, alongside rapid advancements in 6G technology. Modi acknowledged the historical missed opportunities in semiconductor manufacturing but asserted that India is now establishing semiconductor factories.
He also discussed recent legislative reforms from the monsoon session of Parliament, including significant changes to the income tax law and laws related to mining and shipping, aimed at fostering trust-based governance and promoting port-led development. Modi mentioned the government’s commitment to sports development through a new National Sports Policy, preparing for major events.
In the realm of space exploration, he celebrated India’s completion of over 60 space missions in the last 11 years and the achievement of space docking capabilities. The Gaganyaan mission, which aims to send Indian astronauts into space, is also in preparation, leveraging the expertise of Group Captain Shubhanshu Shukla. Modi concluded by emphasizing that India’s reforms are driven by commitment and a vision for transformative change rather than crisis response.
