World Is Optimistic About India: PM Highlights Fast-Paced Growth

Prime Minister Narendra Modi on Monday said India witnessed fast-paced growth in the first 50 days of 2025 and, according to the World Bank, will continue to be the fastest-growing economy for many years, adding that, for the first time in history, the whole world was "optimistic" about the country.

- Shruti Tomar

BHOPAL:

Inaugurating the Global Investors Summit (GIS) 2025 in Bhopal, Modi said in the past decade, India saw unprecedented growth in the energy sector, with more than $70 billion invested in the renewable energy sector, which has created over a million jobs in the clean energy space in the past one year.

"The whole world is optimistic about India. It is for the first time such an opportunity has emerged in the history of India. Whether it is common citizens or policy experts or institutions or countries of the world, everyone had a lot of expectations from India," he said.

"The World Bank said that India will continue to remain the fastest-growing economy. A UN organization on climate change declared India as a solar power superpower. A new report revealed how India is emerging as an excellent supply chain for global aerospace firms. These firms view India as a solution to global supply chain challenges," he added.

Modi said that India saw a lot of improvement in the MSME sector, adding that the potential of MSMEs was limited by previous governments that stopped the development of local supply chains at the desired level.

"The current priority is to build MSME-led local supply chains. Credit-linked incentives are being provided; access to credit is easier, and support for value addition and exports has been increased," he said.