Web Desk
On October 4, 2024, Prime Minister Narendra Modi described India as being in a “sweet spot” amid global economic turbulence. Addressing the Kautilya Economic Conclave, Modi emphasized that India’s economic growth is supported by ongoing structural reforms aimed at transforming the country into a developed nation by 2047. He reaffirmed his government’s commitment to job creation, skill development, and sustainable growth, positioning India as the world’s fastest-growing major economy.
Modi noted several achievements that underscore India’s rise, including being the largest manufacturer of two-wheelers and tractors, and the second-largest producer of mobile phones. He stressed that India’s growth has been inclusive, with millions of people lifted out of poverty, thanks to legislative reforms in key sectors like banking, defense, and fintech. These reforms, along with efforts to reduce regulatory burdens, have strengthened the foundation for continued economic expansion(
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