New Delhi (Economy India): India today contributes more than 16 per cent to global economic growth and is steadily emerging as a new engine of the world economy, Prime Minister Narendra Modi said on Friday.
Addressing the ET Now Global Business Summit, the Prime Minister said the ongoing decade of the 21st century belongs to India, driven by sustained reforms, policy stability, and strong economic fundamentals.
‘Reform Express’ Driving India’s Growth Story
PM Modi said India is riding what he described as the “Reform Express”, highlighting that the country is accelerating reforms not out of compulsion, but with conviction.
“India’s biggest strength today is that reforms are driven by commitment and confidence. This approach is creating long-term economic resilience,” he said.
He noted that structural reforms across taxation, infrastructure, manufacturing, digital economy, and governance have strengthened India’s growth trajectory, making it a reliable destination for global investors.
India’s Rising Role in the Global Economy
The Prime Minister underlined that India’s expanding contribution to global growth reflects the country’s growing influence in shaping the world economic order.
Key drivers of India’s growth include:
- Strong domestic demand
- Rapid infrastructure expansion
- Manufacturing and production-linked incentive (PLI) schemes
- Digital public infrastructure and innovation-led growth
He added that India’s reform-led model is enabling inclusive development while maintaining macroeconomic stability.
Confidence in India’s Economic Future
PM Modi expressed confidence that India will continue to play a central role in global growth in the coming years, as reforms deepen and private investment gains further momentum.
Economists attending the summit noted that India’s consistent growth performance positions it as a stabilising force in an otherwise uncertain global economic environment.
