World’s confidence in India stays high amid geopolitical tensions; will take structural reforms for Viksit Bharat: PM Modi

Amid rising tensions in the Middle East as well as between Russia-Ukraine, Prime Minister Narendra Modi while addressing the Kautilya Economic Conclave asserted that world’s confidence in India remained high despite uncertainties. Additionally, the PM said the government will continue with structural reforms to achieve the ambitious Viksit Bharat 2047 dream.

“This conclave is being organised at a time when there is a war situation in two big regions of the world. Both these regions are very important for the global economy, especially energy security. Amid this big global uncertainty, we are here discussing ‘The Indian Era’, it shows that today the trust in India is of different level,” said PM Modi during his address.

“The global leaders and financial experts are optimistic about India’s growth. The investors believe that it’s the right time to invest in India. It’s not a coincidence, rather, it’s result of the reforms that have happened in India in the past decade,” said the PM.

Talking further on India’s growth story, PM Modi said “‘Reform, perform and transform’ is our guiding mantra. When the lives of people are transformed, they start believing in their country. The same then gets reflected through their mandate. The confidence of 140 crore Indians is our strength. We are committed to bring more structural reforms for the betterment of India.” The leader said India has made ‘process reforms’ a part of the continuing activities of the government.

This year’s conclave will focus on themes such as financing the green transition, geo-economic fragmentation and the implications for growth, principles for policy action to preserve resilience among others.

Both Indian and international scholars and policy makers will discuss some of the most important issues confronting the Indian economy and economies of the Global South. Speakers from across the world will take part in the conclave.The Kautilya Economic Conclave is being organised by the Institute of Economic Growth in partnership with the Ministry of Finance.This years’ conclave will focus on several themes, including reforming the international financial architecture, financing the green transition, geo-economic fragmentation and the implications for growth, India and the middle-income trap, jobs and skilling, artificial intelligence and public policy design, and the principles for policy action to preserve resilience.