PM during BRICS summit: In BRICS Business Forum on Tuesday in Johannesburg, South Africa, Prime Minister Narendra Modi predicted that India’s economy would soon reach the five trillion dollar mark. He praised industries including IT, telecom, fintech, artificial intelligence, and semiconductors and claimed that India is advancing the idea of “Make in India, Make for the World.”
“Despite the turmoil in the global economy, India is currently the fastest-growing major economy in the world. Soon, India will become a five trillion-dollar economy. There is no doubt that in the coming years, India will be the Growth Engine of the world,” PM said
“Over the past nine years, there has been a nearly threefold increase in people’s incomes,” he continued. He added that women play a crucial role in India’s economic development.
Speaking at the BRICS Business Council’s 10th anniversary, Prime Minister Modi praised the council’s contributions in 2009 during a severe economic crisis.
According to PM Modi, India is contributing in a “transformative” way to the expansion of the world economy.
“India’s success is accredited to the nation’s ability to transform adversity into an economic reform opportunity, with an emphasis on reducing compliance burdens and facilitating the ease of doing business,” the official said.
Using the platform X , PM Modi wrote, “Over the last few years we have made immense strides in IT, semiconductors and other such futuristic sectors. Our economic vision also places immense importance on empowerment of women.”
In addition, PM Modi discussed India’s advancements in technology and digital finance. The majority of the gains in financial inclusion, according to him, have gone to rural women in India.
According to him, India has the most digital transactions per capita in the world, which attracts nations like the United Arab Emirates, Singapore, and France to use this platform.
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