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PM addresses Economic Times Global Business Summit

Published By : Admin | February 23, 2018 | 21:52 IST
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The Prime Minister, Shri Narendra Modi, today addressed the Economic Times Global Business Summit in New Delhi, on the theme: New Economy – New Rules.

Noting that the Union Government is going to complete four years of assuming office in a few months, he said that a definite change is now visible. He said this change in the economic and social content, represents the essence of the New Rules for the New India and the New Economy.

The Prime Minister said that within the last four years, the discourse has changed from India being a “Fragile Five” economy, to the target of India becoming a “Five Trillion Dollar” economy. The Prime Minister presented facts and figures to indicate how India is playing a key role in the entire world’s growth. He said that in nominal terms, India’s share of the world GDP has risen from 2.4% in 2013, to 3.1% in 2017. He said India is performing better on various macro-economic parameters.

The Prime Minister said that this change has come about due to a new approach and a new work culture. He said India’s competitiveness is being validated by the entire world today.

Shri Narendra Modi recalled that when he had last attended this Global Business Summit, GST was still, just a possibility. Today, he added, it is a reality, which has delivered a better tax compliance system and a better revenue system. The Prime Minister mentioned other reforms such as the Insolvency and Bankruptcy Code.

The Prime Minister said that speed, scale and sensitivity are important to ensure the success of the Government’s initiatives. He gave some examples of the increase in pace in the infrastructure sector.

The Prime Minister said that there is unprecedented investment being made today in infrastructure, agriculture, technology, health sector, and education sector.

The Prime Minister mentioned the initiatives taken in the health sector, such as Mission Indradhanush, Jan Aushadhi Stores, and the Ayushman Bharat scheme.

Talking about the Digital India Mission, the Prime Minister said that the trinity of 100 crore bank accounts, 100 crore Aadhaar cards and 100 crore mobile phones, would create a unique ecosystem, not seen anywhere else in the world. He also spoke of initiatives taken for the MSME sector.

The Prime Minister recalled that in his last address at the Economic Times Global Business Summit, he had spoken of Housing for All,Power for All, Clean Cooking for All, Health for All,and Insurance for All. He outlined the steps that have been taken in this regard in house construction, Saubhagya Yojana, Ujjwala Yojana, and insurance. Saying that the Government’s initiatives are aimed at empowering the poor, the Prime Minister also mentioned the construction of toilets, distribution of loans through the Mudra Yojana, and distribution of soil health cards.

The Prime Minister mentioned the announcement in the recent Union Budget, on MSP.

The Prime Minister appealed that those entrusted with the responsibility of ensuring rules and ethics in various financial institutions, should work with full dedication – especially those who are responsible for supervising and monitoring. He made it clear that the Government would take strict action against irregularities in financial matters. He said that the illegal accumulation of people’s money is unacceptable, and this is the basic mantra of “New Economy – New Rules.”

 

 

 

Click here to read PM's speech 

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PM shares a Sanskrit Subhashitam highlighting that Nari Shakti is the cornerstone of nation-building and the true embodiment of power
June 12, 2026

Prime Minister Shri Narendra Modi today stated that over the last 12 years, the Government has worked to further women-led development, which is visible across sectors. He noted that from financial inclusion and entrepreneurship to education, healthcare, sanitation, housing, sports, science, and governance, women are playing a prominent role across diverse fields.

Shri Modi emphasized that the efforts of the Government are rooted in dignity, opportunity, and empowerment, pointing out that they have helped create an environment where women can realise their full potential and contribute even more strongly to nation-building.

The Prime Minister expressed particular happiness in seeing India’s Nari Shakti make a mark in sectors like science, space, and innovation. He highlighted that their growing participation in emerging fields such as drone technology is opening new avenues of opportunity and transforming the development landscape across the nation.

Shri Modi shared that the Government is actively supporting Self Help Groups, which are going a long way in making women financially independent.

Sharing a Sanskrit Subhashitam, the Prime Minister stated that India's Nari Shakti is the cornerstone of nation-building. He observed that today, our mothers, sisters, and daughters are increasing the pride of Maa Bharati with their amazing talent and skills in every field.

In a series of posts on X, the Prime Minister shared:

"Over the last 12 years, the NDA Government has worked to further women-led development. And, this is visible across sectors.
From financial inclusion and entrepreneurship to education, healthcare, sanitation, housing, sports, science and governance, women are playing a prominent role across diverse sectors.

The efforts of the NDA Government are rooted in dignity, opportunity and empowerment. They have helped create an environment where women can realise their full potential and contribute even more strongly to nation-building.

#12YearsOfNariShakti “

“ I am particularly happy to see India’s Nari Shakti make a mark in sectors like science, space and innovation. Their growing participation in emerging fields such as drone technology is opening new avenues of opportunity and transforming development landscape across the nation. Our Government is actively supporting Self Help Groups, which are going a long way in making women financially independent.

#12YearsOfNariShakti “ 

“ भारत की नारीशक्ति राष्ट्र निर्माण की आधारशिला है। हमारी माताएं, बहनें और बेटियां आज हर क्षेत्र में अपनी अद्भुत प्रतिभा और कौशल से मां भारती का गौरव बढ़ा रही हैं।

नारी त्रैलोक्यजननी
नारी त्रैलोक्यरूपिणी।
नारी त्रिभुवनाधारा
नारी शक्तिस्वरूपिणी॥

#12YearsOfNariShakti"

Woman is the mother of the three worlds. She is the very expression of all the three realms. She is the foundation of the entire universe, and she is the true embodiment of power.