Amidst the global economic challenges, Prime Minister Narendra Modi illuminated the BRICS Business Forum Leaders’ Dialogue in Johannesburg with India’s exceptional growth narrative. As he graced the 15th BRICS Leaders’ Summit in South Africa, Modi confidently asserted India’s role as a dynamic growth engine for the world economy.
With unwavering conviction, Modi highlighted India’s remarkable journey to becoming the fastest-growing major economy on the global stage. Against the backdrop of economic uncertainties, he accentuated the transformative reforms that his government has orchestrated. The introduction of the trailblazing Insolvency and Bankruptcy Code and the game-changing Goods and Services Tax (GST) have not only bolstered investor confidence but also paved the way for a more business-friendly environment.
In his address, Modi underscored the significant strides in public-service delivery, a feat achieved through harnessing the power of technology. This approach has not only enhanced the quality of services but has also led to a notable reduction in corruption—a cornerstone of his administration’s commitment to transparency and accountability.
A standout moment in Modi’s discourse was the revelation of direct benefit transfers, amounting to an impressive $360 billion, reaching deserving citizens. This reaffirmed India’s dedication to improving the lives of its people through innovative and impactful policies.
Drawing attention to India’s technological prowess, Modi extolled the success of UPI payments. Proposing collaboration with fellow BRICS nations on this innovative platform, he paved the way for potential partnerships that could reshape the global fintech landscape.
Modi’s address went beyond economics, delving into India’s vibrant startup ecosystem, remarkable progress in gender equality, and the resounding echoes of the ‘Make in India’ initiative. The Prime Minister eloquently encapsulated India’s multifaceted growth journey, proving that economic prosperity is but one facet of the nation’s rise.
Sharing the stage with the distinguished President Cyril Ramaphosa of South Africa and the esteemed President Lula da Silva of Brazil, Modi’s presence underscored India’s pivotal role within the BRICS alliance. Though President Xi Jinping of China and President Vladimir Putin of Russia weren’t physically present, the virtual participation of the latter in the BRICS Summit signified the unity and resilience of this influential coalition.
Prime Minister Narendra Modi’s address radiated hope and determination, encapsulating India’s economic triumphs, technological innovations, and global aspirations. As the world looked on, India’s story of growth and progress shone brilliantly, testament to the vision and leadership that define its journey on the global stage.
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