Prime Minister Narendra Modi said on Tuesday, October 13, 2026, that India aims to strengthen its economy while contributing to global prosperity. Addressing the Bloomberg New Economy Forum in New Delhi, he highlighted the country’s commitment to shared economic growth. Modi said India does not seek progress at the expense of other nations. Instead, he emphasized cooperation and mutual benefits. He presented India as a reliable partner in the global economy.
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India Records 7.8% Economic Growth
Modi cited India’s 7.8% economic growth in the April–June quarter as evidence of its strong economic fundamentals. He pointed to the country’s performance as a sign of resilience amid global uncertainty. The Prime Minister said sustained economic progress reflects the strength of India’s growth model. He also highlighted the importance of maintaining economic stability. These factors, he said, support India’s ambitions in the global economy.
The Prime Minister highlighted India’s foreign-exchange reserves, which exceeded $700 billion. He presented the reserves as an important indicator of the country’s financial strength. Strong reserves can help India manage external economic pressures and global market volatility. Modi also referred to the country’s ongoing efforts to strengthen its economic foundations. He said these fundamentals help India navigate disruptions in the international economy.
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Reforms Drive India’s Economic Progress
Modi pointed to reforms across taxation, insolvency and labour laws as key elements of India’s economic transformation. He emphasized the government’s continued focus on improving the business environment. These reforms aim to support investment, simplify processes and strengthen economic activity. The Prime Minister linked the reform agenda to India’s ability to sustain growth. He presented these measures as part of a broader effort to build a resilient economy.
Modi positioned India as a dependable economic partner at a time of geopolitical tensions, trade disruptions and competition for critical technologies and resources. He stressed that India seeks to expand its global economic influence through cooperation rather than confrontation. His remarks underscored the importance of shared prosperity in international relations. He said India wants its growth to benefit other countries as well. The message reinforced his emphasis on collaboration and mutually beneficial economic partnerships.
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