From affordable medicines to talent, the world has placed its trust in India. India has contributed significantly to the world but has never sought credit or royalties for it. Prime Minister Narendra Modi stated this on Tuesday while delivering a 25-minute inaugural address at the Bloomberg New Economy Forum, held in Delhi for the first time. On this occasion, he remarked that India dedicates its strength to empowering others. He elaborated on India’s role regarding digital technology, vaccine supply, economic reforms, and addressing global challenges. This three-day event will conclude on October 15.
The theme of this year’s forum is ‘Redefining the sources of strength in a changing world’. Modi stated that the government’s objective is to empower people to stand on their own feet. Over the past decade, India has lifted 250 million people out of poverty. Startup opportunities have now reached even smaller towns. The Prime Minister remarked that the true significance of knowledge, wealth, and power lies in the purpose for which they are utilized. India believes in creating opportunities for others and fostering connections between nations. He further noted that during the COVID-19 pandemic, India supplied vaccines to over 100 countries. India seeks to leverage its capabilities for the benefit of all humanity. The world requires reliable partnerships in areas such as Artificial Intelligence, supply chains, energy, minerals, and technology. The government’s objective is to empower the people.
The Prime Minister stated that India has lifted 250 million people out of poverty over the last decade. Speaking on economic reforms, he noted that India’s growth rate stands at 7.8% and foreign exchange reserves exceed $700 billion. The government is committed to the ‘Ease of Doing Business.’ Mobile data has become cheaper since 2014; consequently, students in smaller towns are enrolling in online courses. Access to information and employment opportunities has expanded. AI has transformed the way work is done across every sector. Corruption in the country has declined. Benefits of government schemes are reaching beneficiaries directly, and transparency in government operations has increased. The Prime Minister stated that many prominent international figures would participate in the Bloomberg New Economy Forum. Key attendees will include Bloomberg founder Michael Bloomberg, former UK Prime Minister Rishi Sunak, and former Italian Prime Minister and former European Central Bank President Mario Draghi.
