Prime Minister Narendra Modi, speaking at the Bloomberg Economic Forum on October 13, 2026, said India’s economic growth is underpinned by strong macroeconomic fundamentals and ongoing structural reforms. He pointed to the country’s 7.8% GDP growth in the April–June quarter and foreign-exchange reserves exceeding $700 billion as signs of resilience.
Modi noted that India’s current account deficit has decreased from over 4% of GDP about 12–13 years ago to around 0.5% today. He highlighted reforms in taxation, insolvency, and labour laws, along with the growth of digital public infrastructure, startups, and renewable energy capacity.
He added that India shares its expertise in digital identity, digital payments, and public infrastructure with partner countries, especially in the Global South. Emphasising that India aims to grow “with the world, not at anyone’s cost,” Modi said economic and technological progress should create opportunities and improve lives.
He warned that supply chains, energy, critical minerals, payment systems, and technology are increasingly used as geopolitical tools, calling for greater international cooperation on climate change, public health, artificial intelligence, and economic security.
