Prime Minister Narendra Modi has said that the Centre has embodied the principle of Power to Empower in its governance approach and work culture. Speaking at the Bloomberg New Economy Forum in New Delhi, Mr Modi said that India’s progress is rooted in collective growth and shared opportunities. He said that power is not just the ability to move ahead, but it is also the ability to empower others. He said that in the present era, digital power has emerged as one of the key drivers of this transformation and is playing a significant role in advancing this vision. Mr Modi stated that digital power has opened up greater opportunities for India.
Prime Minister Modi said that India’s economic growth is taking place on a strong foundation amidst global uncertainty. He said the GDP growth stood at 7.8% in the first quarter of this financial year. Mr Modi highlighted that today, India’s foreign exchange reserves exceed 700 billion dollars and the banking system is in its strongest position in many decades. Prime Minister said India’s reform express continues to move ahead at high speed.
Prime Minister said that India’s progress in the twenty-first century is a story of advancing together with everyone and carrying everyone along. He said, whenever the world needs a steady pillar, India extends its hand in support, recognizing its responsibility. Mr Modi said today, India is home to more than two thousand Global Capability Centres that are providing services to companies across the world.
Prime Minister said technology, data, knowledge and innovation have become important sources of power in the twenty-first century. He said, the government constant endeavour is to ensure that India’s capabilities open new doors of opportunity for other countries as well. Mr Modi said, India is the Mother of Democracy, and it has over 100 languages, around 80,000 registered newspapers and publications, and more than one thousand satellite television channels.’ Mr Modi highlighted that India had lifted twenty-five crore people out of poverty over the past decade.
Prime Minister Modi said India’s startup ecosystem has expanded significantly since 2014, with the number of startups crossing 2,50,000. He noted that nearly half of these startups come from smaller cities and towns, while more than 45% have at least one woman director or partner.
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