Amid great global uncertainty, we are seeing certainty in India, said Mr. Modi and also added that there is political stability in the country
Rajkot
Prime Minister Narendra Modi on Sunday said India is rapidly advancing toward becoming the world’s third-largest economy, with global expectations increasingly focused on the country. Addressing the Vibrant Gujarat Regional Conference in Rajkot, he stated, “The numbers clearly show this. Amid great global uncertainty, we are seeing certainty in India. There is political stability in the country.”
Highlighting key economic indicators, Mr. Modi said inflation is under control, and India has emerged as the world’s largest producer of milk and vaccines. He noted that the International Monetary Fund (IMF) recognises India as a major engine of global growth. The Prime Minister reiterated the government’s mantra of “reform, perform and transform,” pointing to India’s position as the largest consumer of data and the global scale of the UPI (Unified Payments Interface) digital payments platform.
He cited India’s progress in manufacturing, saying, “There was a time when India imported mobile phones. Today, we are the world’s second-largest manufacturer of mobile handsets.” He also highlighted urban infrastructure, noting India ranks among the top three globally in metro rail networks.
Turning to Gujarat, Mr. Modi praised the State’s strengths and investment potential. He said the country’s largest semiconductor fabrication facility is being established in Dholera. He stressed the need for an industry-ready workforce, noting Gujarat has the required skills to meet demand.
Calling on investors to seize opportunities in the State, he said, “If you come late and miss out, don’t blame me.” He described Gujarat as a unique blend of nature, adventure, culture, and rich heritage, reaffirming its status as a preferred investment destination.
India’s continued reforms, robust infrastructure, skilled workforce, and stable political environment, he said, make it a reliable hub for global investors and a significant driver of worldwide economic growth.