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Textiles, tourism, and technology will drive India's growth
The Business Guardian
|February 25, 2025
Prime Minister Narendra Modi addressed the Madhya Pradesh Global Investors Summit (GIS) 2025 in Bhopal on Monday, outlining textiles, tourism, and technology as key sectors that will drive India's future economic growth.
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He emphasized, "Three sectors will play a crucial role in India's development--textiles, tourism, and technology. These sectors will create crores of new jobs. If we look at textiles, India is the second-largest producer of cotton. MP is known as the cotton capital, and 25 per cent of India's organic cotton supply comes from MP."
Taking a sharp dig at previous administrations, PM Modi said, "The previous government undermined the potential of MSMEs, which hindered the growth of India's local supply chain."
He stressed that the current government is prioritizing the development of MSME-led local supply chains, improving the MSME definition, and ensuring credit-linked incentives to boost small and medium businesses.
This story is from the February 25, 2025 edition of The Business Guardian.
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