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Balance of power is essential, India moves with a unique approach: PM Modi
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News18•13-10-2026, 14:30
Balance of power is essential, India moves with a unique approach: PM Modi
- •Prime Minister Narendra Modi stated that India wants to expand its global economic role alongside the prosperity of everyone without harming other countries.
- •Addressing the Bloomberg New Economy Forum, PM Modi highlighted India's 7.8 percent economic growth in the April-June quarter and forex reserves exceeding 700 billion dollars.
- •He emphasized that the economic and technological strength of a nation should be measured by how effectively it creates opportunities for others.
- •PM Modi cautioned that supply chains, energy, critical minerals, and technology are increasingly being used as tools for geopolitical leverage.
- •India is sharing its experience in digital public infrastructure, payments, and digital identity with partner countries, especially in the Global South.
Key Questions Answered
India recorded an economic growth rate of 7.8 percent in the April-June quarter, driven by a strong foundation and continuous reforms according to Prime Minister Narendra Modi.
India's foreign exchange reserves currently stand at over 700 billion dollars, reflecting the nation's strong macroeconomic stability.
India's current account deficit has reduced significantly from over four percent 12 to 13 years ago to about half a percent today.
