At the ET Now Global Business Summit-2026, Prime Minister Narendra Modi painted an optimistic picture of India’s economic ascent. India’s share in global growth now stands at 16 percent, and this is just the beginning, he assured the audience.
‘India has evolved into the world’s growth engine,’ Modi declared, shifting the narrative from consumer market to global accelerator. This evolution marks a pivotal chapter in India’s story.
Over the last 10 years, India has not only bolstered its economy but also deepened its democratic roots. From the 11th largest economy in 2014, India is now on track to claim the third spot, fueled by bold policies and execution.
The Prime Minister contextualized this rise against a reshaping global order. The post-WWII system is dissolving, making way for new paradigms where India leads. As the 21st century unfolds, India will serve as the foundation for sweeping global changes.
Unlike previous reactive reforms—1991’s liberalization under financial duress, or post-terror attack measures—today’s government pursues reforms with confidence and foresight. India’s manufacturing prowess has enabled FTAs with 38 nations, enhancing its competitive edge.
Modi spotlighted UPI as a game-changer, astonishing the world with its impact. This isn’t merely tech; it’s a policy-tech synergy empowering millions previously excluded from finance. Initiatives like Digital India reflect a proactive governance model, heralding India’s reform supremacy.