Prime Minister Narendra Modi discussed the Centre's approach of Power to Empower, digital power's role in advancing opportunities for India, strong economic growth, and India's contributions to global support at the Bloomberg New Economy Forum.
At the Bloomberg New Economy Forum in New Delhi, Prime Minister Narendra Modi underscored that the Centre has embodied the principle of Power to Empower in its governance approach and work culture. Mr Modi emphasized that power is not merely the ability to move ahead but also the ability to empower others. He highlighted digital power as a significant driver of transformation, opening up greater opportunities for India.
Mr Modi reported that India’s economic growth is taking place on a strong foundation amidst global uncertainty, with the GDP growth standing at 7.8% in the first quarter of this financial year. He further stressed that today, India’s foreign exchange reserves exceed 700 billion dollars and the banking system is in its strongest position in many decades.
The Prime Minister noted that India’s reform express continues to move ahead at high speed. Mr Modi said that more than two thousand Global Capability Centres are located in India, providing services to companies across the world. He added that technology, data, knowledge, and innovation have become important sources of power in the twenty-first century.
Prime Minister Modi highlighted India's contributions to global support, stating that whenever the world needs a steady pillar, India extends its hand in support, recognizing its responsibility. Mr Modi also mentioned that India had lifted twenty-five crore people out of poverty over the past decade. He noted that India’s startup ecosystem has expanded significantly since 2014, with the number of startups crossing 2,50,000.
Nearly half of these startups originate from smaller cities and towns, while more than 45% have at least one woman director or partner according to Mr Modi. Prime Minister Modi acknowledged that India is the Mother of Democracy, home to over 100 languages, around 80,000 registered newspapers and publications, and more than one thousand satellite television channels.
Source:
Akashvani News
