PM Modi's Full Speech at the Bloomberg New Economy Forum

By The Hindu

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Prime Minister Narendra Modi addressed delegates at the Bloomberg Economic Forum in India, presenting his vision of 'power to empower' rather than power to control. Modi underscored India's economic resilience, citing 7.8% GDP growth in the April-June quarter, foreign exchange reserves exceeding $700 billion, and a reduction in the current account deficit to 0.61%. Highlighting governance and technological advances, he stated, 'We do not grow at anyone's cost. We grow with the world and for the world.' Modi outlined the rapid expansion of India's startup ecosystem to over 250,000 enterprises, nationwide adoption of digital public infrastructure, and direct benefit transfers that lifted 250 million people out of poverty. He noted that India attained 40% non-fossil electricity capacity nine years ahead of its 2030 Paris Agreement target, expanding renewable capacity from 75 GW in 2014 to around 300 GW. Emphasising global cooperation through initiatives like the International Solar Allian

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