GUJARAT: Prime Minister Narendra Modi highlighted India’s resilience and economic momentum by making important announcements about large investments in the nation’s port infrastructure while addressing the delegates and attendees of the Vibrant Gujarat Global Summit 2024. In order to make additional investments in India’s port infrastructure, billion-dollar deals have been inked with corporations based in the United Arab Emirates (UAE), according to PM Modi. Prime Minister Modi stated, “Agreements have been signed for new investments worth billions of dollars in India’s port infrastructure by companies from the UAE.”These accords have the potential to significantly alter India’s maritime environment, promote economic expansion, and improve trade connections worldwide. The Prime Minister acknowledged the difficult global conditions in his speech, but he also emphasised India’s impressive economic resilience and growth velocity. Attributing this achievement to ten years of targeted structural changes, he said, “We are all conscious of the worldwide situation. Therefore, a major factor contributing to the Indian economy’s resistance and growth in these difficult times is our emphasis on structural changes during the past ten years. The Indian economy now has more potential, capability, and competitiveness because to these reforms.”PM Modi underlined that, from ranking eleventh a decade ago, India’s economy has grown to become the fifth largest in the world. “India is currently the world’s fifth largest economy,” declared the PM. Ten years prior, India ranked eleventh. According to current estimates from all major agencies, India’s economy is expected to rank among the top three in the world in the near future. Allow individuals worldwide to conduct their own analysis, but I can assure you that it will occur.” India is viewed by the international community as a key pillar of stability. The Prime Minister continued, “A friend who can be relied upon, a partner who supports development that puts people first, a voice for the global south, a global economic growth engine, a technology hub for problem-solving, a powerhouse of gifted youth, and a democracy that delivers…” The summit attendees applauded the Prime Minister for his hopeful vision and dedication to India’s economic destiny. The government’s goal to boost economic growth and solidify India’s standing in the international economy is in line with the emphasis on structural changes and drawing significant investments, particularly in port infrastructure.The declarations made by Prime Minister Narendra Modi during the Vibrant Gujarat Global Summit highlight the country’s resolve to overcome obstacles and seize opportunities, establishing India as a major actor in the changing global economic scene.
