- Prime Minister Modi affirmed the government's commitment to comprehensive reforms and growth
- India is viewed globally as a bright spot amid concerns over resource weaponisation
- The government shifted from restrictive policies to production-linked incentives for growth
Prime Minister Narendra Modi on Friday reinforced his government's commitment to comprehensive reforms. He highlighted India's political stability and consistent policy framework, describing the country as a global "bright spot of growth and hope" positioned to sustain its economic momentum.
"India continues to take several steps to ensure continued growth momentum. India is pushing ahead with reforms across sectors and reforms are our commitment," he said while speaking at the Economic Times World Leaders Forum, .
The prime minister said the world has many concerns regarding growth as resources are getting weaponised, but India is being seen as a bright spot of growth.
He said the NDA government has a clear roadmap for reforms, with a strong focus on governance.
"Our government is rewarding higher production with incentives," he said.
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Modi alleged that it was the policy of the previous regimes to keep people in scarcity, so that they beg before the government for even basic needs.
He said the licence raj of the previous governments used to add to the burden of unemployment, whereas his government's production-linked incentive model is creating opportunities.
"We are not just changing regulations, we are changing the entire policy of regulations. Our government believes that there should be no regulation for doing something that has not been explicitly prohibited under law," he said.
The prime minister said his government is bringing next-generation reforms at the policy level and implementing reforms at the governance level and for ease of living.
"We are moving from the 'prohibited-unless-permitted' approach to the 'permitted-unless-prohibited' model," he said.
Modi said India has moved away from the PLP (Production Linked Punishment) model of the previous governments to PLIs (Production Linked Incentives) now.
He said even small reforms in the Indian Railways, the Delhi Metro and the Namo Rapid Rail show that the country is changing with times.
The prime minister said earlier, no one could make India's map without permission even though foreign satellites could map India, but his government has changed this system.
He also said the government has decided that border infrastructure is India's strength and not weakness. "We have changed the picture of our border infrastructure," he said.
Modi said the world's cheapest data is available in India and the country is making the cheapest and best mobile phones.
With Inputs From PTI
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