India is playing a leading role in the global revival: PM Modi


NEW DELHI | JULY 09, 2020:

Prime Minister Narendra Modi, on Thursday, addressed the India Global Week 2020 and stated that the country is performing, reforming, transforming and offering new economic opportunities.

"India is playing a leading role in the global revival and is ready to do whatever it can to further global good and prosperity. This is an India which is adopting a human-centric and inclusive approach for the development," Modi said.

"It is natural to link global revival and India and two factors are contributing immensely in this revival – Indian talent and India's ability to reform and rejuvenate. India is a power-house of talent that is eager to contribute and Indians are natural reformers who have overcome social and economic challenges," he said.

"Revival with care, revival with compassion and revival which is sustainable both for the environment and the economy is the objective of India. Take the COVID-19 pandemic as an example. India is fighting a strong battle against the pandemic with an increased focus on people's health. The country is equally focused on the health of the economy," he added.

Modi also listed out the major milestones of the present government by stating that in the last six years, India gained a lot of traction in areas of financial inclusion, housing and infrastructure construction including ease of doing business and bold tax reforms in addition to the GST.

"Due to technology, every penny has reached the beneficiaries directly," he said.

While inviting global companies to invest in India, Modi said that India is one of the most open economies in the world and global companies should try to establish their presence.

"Very few countries will offer the kind of opportunities India provides today. There are many possibilities and opportunities in India like agriculture, MSME, Defence, Space and Pharma sectors. Atma Nirbhar Bharat is not about being self-contained or being isolated from the rest of the world, it is about being self-sustaining and self-generating," he said.

The Prime Minister concluded his speech by reminding the gathering that the forum also marks the 100th birth anniversary of Pandit Ravi Shankar who took the beauty of Indian classical music to the world.

One may take note that India Global Week is a three-day virtual conference centering on the theme 'Be the Revival: India and a Better New World'.

Five thousand global participants from 30 nations will be addressed by 250 global speakers across 75 sessions during India Global Week 2020.

This forum brings together global thought leaders and captains of industry to discuss aspects relating to opportunities in India in addition to the global economic revival post-COVID-19.