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ECONOMY | ET World Leaders Forum


                                     AatmaNirbhar Bharat


                                     is the Foundation of a


                                     Developed Nation






                                                               India’s economy is a strong pillar on
                                                               the global stage today. While many
                                                               countries of the world are facing economic
                                                               uncertainty, India continues to progress
                                                               rapidly with remarkable stability. This
                                                               resilience is the result of visionary policies
                                                               implemented by the Government of India
                                                               over the past decade. Experts now predict
                                                               that India’s contribution to global growth
                                                               could soon reach 20%, underscoring its
                                                               rising influence in the world economy.
                                                               At the Economic Times World Leaders
                                                               Forum held on 23 August, Prime Minister
                                                               Narendra Modi said that India, which
                                                               is growing with the mantra of reform,
                                                               perform and transform, has the power to
            With the mantra of  Reform,                        even bend the course of time …
            Perform, Transform, Bharat
         today is in a position to help the

         world emerge from slow growth.                                he strength of the Indian economy
                                                                       becomes  more clear  when we  look at
         Narendra Modi, Prime Minister                                 the current state of the global economy.
                                                               T India is  currently  the fastest  growing
                                                               major economy in the world and is soon moving
                                                               towards becoming the third largest economy. At
                                                               the Economic Times World Leaders Forum held
                                                               in Delhi on 23 August, Prime Minister Narendra
                                                               Modi  said  that  when  the  fundamentals  of  an
                                                               economy  are  strong,  its  effect  is  visible  in  all
                                                               sectors.  As  the  country’s  economy  is  getting
                                                               stronger,  employment opportunities are  also
                                                               increasing.  This  can  also  be  understood  from
                                                               these figures… that in the month of June, 22 lakh
                                                               formal jobs were added to the EPFO database,
                                                               which  is  the  largest  number  ever  in  a  month.
                                                               India’s retail inflation is at its lowest level since
                                                               2017 and India’s foreign exchange reserves have


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