New Delhi, February 5: Prime Minister Narendra Modi stated on Thursday that trade agreements prepared for the future are integral to the country’s long-term economic strategy. He emphasized that India is swiftly moving towards becoming the world’s third-largest economy.
In response to the motion of thanks on the President’s address in the Rajya Sabha, PM Modi remarked, “The government is focusing on future-ready policies with the mantra of reform-performance-change. The country has transitioned from being one of the five weakest economies to riding the ‘Reform Express,’ rapidly advancing towards becoming the third-largest economy globally.”
He further noted that a new world order emerged after World War II, and the world is now shifting towards a new order with India at its center, which he referred to as the ‘Vishva Bandhu’ or ‘World Brother.’
During his speech in the Rajya Sabha, PM Modi labeled India’s deal with the EU as the “Mother of All Trade Deals.”
Just days ago, India announced a significant trade agreement with the United States and the European Union.
The Prime Minister added that the country’s growing economic influence and partnerships firmly establish it in the changing global landscape, showcasing India’s increasing role as a reliable partner on the world stage.
He stated, “The first quarter of the 21st century is complete. However, the second quarter is crucial, much like the second quarter of the last century was for India’s freedom struggle. I can clearly see that this second quarter will also prove to be capable in building a developed India.”
PM Modi concluded by saying that a strong manufacturing system makes the world eager to trade with you.
He remarked, “Among major economies, India’s growth rate remains consistently high and strong, and low inflation has been appreciated worldwide.”
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