Prime Minister Narendra Modi on Saturday hailed India’s strong economy and the transformative reforms carried out in the past 10 years at ‘Infinity Forum 2.0’. The Prime Minister said that India’s Gross Domestic Product (GDP) has been growing at a rate of 7.7 per cent for the first six months of this current fiscal year. He added that this is the reflection of the nation’s strengthening economy and the transformative reforms. PM Modi also said that he wants to turn the Gujarat Finance Tec (GIFT) City into a ‘global nerve centre of the new age global financial and technology services’, as reported by news agency PTI.
The Prime Minister in his inaugural address said, “In the first six months of this financial year, India has achieved a GDP growth of 7.7 per cent…Today, the entire world has pinned its hopes on India, and this did not happen just on its own. This is a reflection of India’s strengthening economy and also the transformative reforms carried out in the last 10 years.”
According to a press release, Infinity Forum is a platform where “progressive ideas, pressing problems, and innovative technologies from across the world get discovered, discussed and developed into solutions and opportunities.”
The Prime Minister further said, “Today the whole world has expectations from India and this has not happened just like that. The reason behind this is its strengthening economy and the transformative reforms being undertaken for the last 10 years,” as reported by news agency ANI.
PM Modi emphasised that India is the fastest-growing fintech market in the world today and GIFT is emerging at its centre, as reported by PTI.
He recalled when the World Economic Forum said that red-tapism has reduced in India. ANI quoted the Prime Minister as saying, “The Australian PM, earlier this year said that India is in a strong position to give leadership to the Global South. A few weeks ago, the World Economic Forum said that red-tapism has decreased in India and there is a better environment for investment.”
#WATCH | “The Australian PM, earlier this year said that India is in a strong position to give leadership to the Global South. A few weeks ago World Economic Forum said that red-tapism has decreased in India and there is a better environment for investment,” says Prime Minister… pic.twitter.com/tOi6Uihu6H
— ANI (@ANI) December 9, 2023
According to a PTI report, PM Modi also urged experts to share their ideas on developing a market mechanism for green credits.