• Prime Minister Narendra Modi stated that India, guided by reform, performance, and transformation, is positioned to help the world overcome slow economic growth, with the country aiming to become the third-largest economy soon and a developed nation by 2047.
• The government is committed to comprehensive reforms, including the next-generation GST reform process, which aims to simplify the law and reduce prices, while also urging private sector investment in research and development across various sectors.
• India's economic strength is evident in its rapid growth, with experts predicting a 20% contribution to global growth, supported by macroeconomic stability, decreasing fiscal deficit, and strong fundamentals such as robust capital markets and low inflation.
• PM Modi highlighted India's progress in technology and industry, including the development of its 5G stack and the rapid advancement of Made-in-India 6G technology, along with significant growth in automobile exports and the export of electric vehicles to 100 countries.