In a keynote address at an event of a private channel in New Delhi, PM Narendra Modi asserted that India is a prime destination for global investors, despite prevailing trade and geopolitical tensions. At the same event he highlighted the achievements of his government’s first 125 days in office. He stated, “Our government has completed 125 days of its third term,” adding that there is no room for rest as his administration strives to fulfill India’s aspirations. PM also reported a 6-7% growth in the Nifty and Sensex indices and an increase in foreign exchange reserves from $650 billion to over $700 billion.
“In the these 125 days, the Nifty and Sensex has seen 6-7% of growth. Our forex reserves have increased from $650 billion to over $700 billion. India’s list of achievements is very long.” PM said
He noted that rating agencies have raised their growth forecasts for India, signaling confidence in the country’s economic trajectory. PM Modi’s remarks highlights India’s potential for rapid economic growth, making it an appealing option for investors worldwide.
Mark Mobius’s Support For Indian Markets
Prime Minister Narendra Modi commended veteran investor Mark Mobius, founder of Mobius Capital Partners LLP, for his steadfast enthusiasm and constant support for India.
“Mark Mobius’s excitement for India is highly credible. When he advises global funds to invest at least half of their capital in Indian markets, it sends a strong signal,” PM Modi stated, eliciting applause from the audience.
August of this year, Mobius shared his plan to invest equally in the US and India over the next six months, one year, and beyond three years, according to reports.
“Mark Mobius is one of the many persons who loves India. His excitement about the opportunities here speaks volumes. When he suggests that global funds should invest at least 50 per cent in the Indian stock market, it carries a significant message,” PM Modi said.
Tallking further he added that there is no negative sentiment toward India globally, as the country maintains friendly relations with nearly all nations.
India And Double (AI)
During the event on Monday, PM Narendra Modi emphasized that in the age of Artificial Intelligence (AI), India is driven by a unique force — Aspirational India (AI) — which propels the nation’s growth.
He stated, “This is the era of AI and the future of the world is linked with it. India is powered by two AIs. For the world, it is Artificial Intelligence but in India, it’s Aspirational India plus Artificial Intelligence. When the two meet, it accelerates India’s growth.”
PM Modi also highlighted the country’s commitment to integrating technology across all sectors to enhance the use of AI.
Amid everything great PM Modi also acknowledged India’s dual challenge of combating poverty while fostering development. He said “Our government is actively pursuing reforms and formulating policies at an accelerated pace,”
