'We are at the sweet spot', PM Modi highlights India's GDP growth amid global uncertainties

Prime Minister Narendra Modi speaks at the 3rd Kautilya Economic Conclave.

Amidst great global uncertainty, we are discussing 'India era' here, this shows that today the trust in India is at another level, Prime Minister Narendra Modi said.

Prime Minister Narendra Modi on Friday said trust in India today is at a different level and the country is clearly at the sweet spot. He also said that the country was the fastest growing major economy and all global agencies were forecasting a growth rate above seven percent for India.

This conclave is being organized at a time when there is a war situation in two major regions of the world. These two regions are very important for the global economy, particularly for energy security. Amidst this great global uncertainty, here we are discussing the Indian era, this shows that today the confidence in India is of a different level, Prime Minister Narendra Modi said while speaking at the 3rd Kautilya's economic conclave in New Delhi.

He said that amid global uncertainties, India is the fastest growing major economy, with the fifth largest GDP in the world.

All global agencies are forecasting a growth rate above 7% for India and we are confident of achieving even better, PM Modi said, adding that very soon five semiconductor factories will deliver Made in India chips to the world entire.

The Prime Minister added that India would continue its structural reforms to become a developed nation. Jobs, skills, sustainable growth and continued rapid expansion are at the center of Modi 3.0, he added.

The government took decisions involving investments worth Rs 15 lakh crore in the first three months of the third term of the NDA government.

India is clearly at the sweet spot, he added.

India's growth is inclusive and 250 million people have been lifted out of poverty, Prime Minister Modi said.

Indian citizens chose the same government for the first time in 60 years, he said. When people's lives change, it gives them confidence that the country is moving in the right direction.

Mohamed Haris

Haris is Deputy Editor (Business) at news18.com. He writes on various issues related to markets, economics and business. Have a decade of experience…Learn more

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