New Delhi :Prime Minister Narendra Modi addressed the Bloomberg New Economy Forum in New Delhi, speaking about India's economic growth, democratic traditions and expanding role in the global economy. He said the world was increasingly watching India's strengthening economic standing. According to the Prime Minister, the country's growing presence in business, technology and economic discussions reflects its expanding role in global affairs.
Modi described the forum's first edition in India as an important occasion and congratulated the organisers and their team. He noted that the annual gathering brings together leading thinkers and people associated with the global economy and business. The event provides a platform to discuss economic changes, technological developments and the opportunities shaping the future.
During his address, the Prime Minister connected India's economic progress with its democratic values and social diversity. He said India was the mother of democracy, pointing to the country's many languages, wide-ranging media outlets and diverse channels of communication.
Global Attention on India's Economic Standing
Prime Minister Modi said the world was looking at India's growing economic credibility and its expanding role in the global economy. India has a large market and an increasingly important presence in discussions concerning business, innovation and technology.
Addressing an international gathering of economic and business leaders, Modi highlighted the significance of bringing such a forum to India for the first time. He congratulated the organisers and emphasised the importance of discussions that bring together people with different experiences and perspectives.
The broader message of his speech was that economic progress should not be measured only through growth figures or the expansion of business activity. It is also important to consider how the benefits of growth reach ordinary people and create opportunities across society.
Economic strength, in this context, involves more than financial performance. It also includes the ability to encourage innovation, expand access to resources and ensure that development contributes to people's lives. The Prime Minister's remarks placed these questions alongside India's growing international economic profile.
'India Is the Mother of Democracy'
Modi highlighted India's democratic heritage and described the country's diversity as an important part of its identity. He referred to the presence of more than 100 languages, approximately 80,000 registered newspapers and publications, and over 1,000 satellite television channels.
The Prime Minister also spoke about the expansion of digital platforms and social media in India. He referred to the country's enormous digital audience as an example of the scale at which information and communication operate in the country.
India's linguistic and cultural diversity creates a complex public sphere in which people communicate through different languages and media platforms. Newspapers, television channels and digital services provide multiple ways for citizens to access information and express their views.
By highlighting these examples, Modi sought to underline the scale and diversity of India's democratic and communication systems. His remarks connected the country's democratic traditions with the many channels through which information circulates in modern Indian society.
Responsible Use of Knowledge, Wealth and Power
Another important theme of the Prime Minister's address was the responsible use of knowledge, wealth and power. Modi said the crucial question was not simply who possessed power or resources, but how those resources were used.
He emphasised that knowledge and wealth could contribute meaningfully to society when directed towards constructive purposes. Their real value, according to the message of his speech, lies in the outcomes they create rather than merely in the fact that an individual, institution or country possesses them.
Modi referred to India's thousands of years of tradition, saying that the responsible use of power and resources was consistent with the country's longstanding philosophical outlook. He suggested that this principle should also inform governance and institutional decision-making.
For governments, businesses and other institutions, the challenge is not only to acquire resources but also to use them in ways that produce wider benefits. Decisions about technology, investment and public resources can have a significant effect on people's opportunities and the direction of social development.
The Prime Minister's remarks placed responsibility at the centre of discussions about economic and technological power. They suggested that the true measure of influence lies in how effectively it can be used to address needs and create meaningful opportunities.
Technology Must Benefit More People
Modi also highlighted the importance of ensuring that technological progress benefits a wider section of society. He said that if the advantages of technology remain limited to a small group, its broader purpose remains unfulfilled.
According to the central message of his address, technology should help create new opportunities, strengthen people's capabilities and support wider participation in development. Its role should not be limited to generating economic returns for a select group.
Digital services, modern communication systems and technological innovations can help people access information, education, business opportunities and other resources. However, these benefits depend on whether people across different sections of society can access and use such tools effectively.
The challenge is therefore not only to develop new technologies but also to make their benefits more widely accessible. Greater access can help people build skills, participate in economic activity and explore new opportunities.
The Prime Minister's remarks presented technological progress as a means of expanding human potential. In this approach, the success of technology depends not only on how advanced it is but also on the positive changes it can bring to people's lives.
India's Place in the Changing Global Economy
The forum took place at a time when technological transformation, investment, business development and the future of economic growth remain important subjects of international discussion. As a major market, India has a significant place in conversations about these developments.
In his address, Modi brought together three themes: India's growing economic standing, its democratic heritage and the responsible use of technology. His remarks emphasised that economic and technological progress should create benefits that extend beyond a limited group of people.
The speech also highlighted the relationship between resources and responsibility. Knowledge, wealth and power can make a meaningful contribution when used to improve access, expand opportunities and support broader development.
Overall, Prime Minister Narendra Modi's address at the Bloomberg New Economy Forum focused on India's economic prospects, democratic identity and the need to use technology responsibly. His message was that the value of India's progress lies not only in its economic strength but also in its ability to create opportunities and deliver wider social benefits.
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