Page 32 - NIS English 16-30 September, 2026

NATION | Viksit Bharat

Economic Times World Leaders Forum 2026

Reforms... Not a Compulsion,

But a Commitment and Firm Conviction

India is currently focusing heavily on seven key sectors: manufacturing, agriculture and
food processing, technology and innovation, Gati Shakti, defense capabilities, the green
and blue economy, and soft power. This is why India is implementing next-generation policy
reforms to secure our future; reforms are also underway in governance and the ‘ease of
living.’ Addressing the ‘Economic Times World Leaders Forum 2026’ on August 21, Prime
Minister Narendra Modi said these reforms are not a compulsion for us, but a matter of
commitment and firm conviction.

very reform begins with a shift in mindset. and sales exceeding ₹22 lakh crore and exports
While increasing production was once pe- surpassing ₹15 lakh crore, while creating over 14
Enalized, the central government today offers lakh direct and indirect jobs. In the past, the ‘pun-
incentives for boosting output. The world is wit- ishment model’ of the ‘License Raj’ era exacerbated
nessing the success of the PLI (Production Linked unemployment; in contrast, today’s ‘incentive
Incentive) scheme. At the ‘Economic Times World model’ is creating millions of new jobs.
Leaders Forum 2026,’ Prime Minister Narendra Rapid development and reforms are taking place
Modi noted that this single scheme alone has in the country today because India enjoys political
driven actual investments worth approximately stability and policy continuity. In the past, reforms
₹2.5 lakh crore. It has resulted in production would be announced but subsequently forgotten.

30 NEW INDIA SAMACHAR || Sep 16-30, 2026