PM Modi Says Digital Power Is Creating New Opportunities for India

New Delhi: Prime Minister Narendra Modi has said that digital transformation is opening new opportunities for India and strengthening its role in the global economy. Addressing the Bloomberg New Economy Forum in New Delhi, he highlighted the government’s vision of using power to empower people and promote inclusive growth.

Modi said India recorded 7.8% GDP growth in the first quarter of the current financial year, with foreign exchange reserves exceeding $700 billion and the banking sector remaining strong. He also highlighted India’s more than 2,000 Global Capability Centres serving international companies.

Emphasising technology, data, knowledge and innovation, the Prime Minister said India’s democratic strength is reflected in its linguistic and media diversity. He added that 25 crore people have been lifted out of poverty over the past decade.

Modi further noted that India’s startup ecosystem has grown substantially since 2014, with more than 2.5 lakh startups. Nearly half are based in smaller cities and towns, while over 45% have at least one woman director or partner.