Are Trade Agreements Key to India's Economic Future?
Synopsis
Prime Minister Narendra Modi emphasizes the importance of future-ready trade agreements as part of India's economic strategy. He highlights the recent trade deal with the EU as a significant milestone, while asserting India's growing influence on the global stage. Discover how these developments shape the future of India's economy.
Key Takeaways
Future trade agreements are essential for India's economic strategy.
The agreement with the EU is dubbed the 'mother of all trade deals' .
India is moving towards becoming the world's third-largest economy .
PM Modi emphasizes the importance of a strong manufacturing ecosystem .
India's growth is recognized internationally for its stability and low inflation .
New Delhi, Feb 5 (NationPress) Prime Minister Narendra Modi stated on Thursday that trade agreements designed for the future are integral to India's long-term economic roadmap, emphasizing that the agreement with the EU is regarded as the 'mother of all trade deals'.
Highlighting the government's commitment to forward-looking policies under the reform-perform-transform initiative, PM Modi mentioned that India has embraced the 'Reform Express', transitioning from the 'fragile 5' to rapidly becoming the world's third-largest economy.
'Post-World War II, a new world order emerged, and we are now witnessing a shift toward a new order with India as a focal point, which embodies the spirit of 'vishwa bandhu',' PM Modi remarked in the Rajya Sabha while addressing the Motion of Thanks to the President's Address.
Recently, India secured a significant trade deal with the US, following an earlier agreement with the EU.
The Prime Minister noted that India’s expanding economic influence and alliances reinforce its position in the shifting global landscape, affirming its status as a trustworthy partner internationally.
'The first quarter of the 21st century is behind us, but the second quarter is crucial, akin to the pivotal second quarter of India's freedom struggle last century. I envision that this phase will be equally transformative in achieving a Viksit Bharat,' PM Modi emphasized.
He further asserted that a robust manufacturing ecosystem will attract global interest. 'Among major economies, India's growth remains consistently strong and stable, and low inflation has garnered global recognition,' he stated.
'In our quest for a Viksit Bharat, the past few years have marked a period of swift development. This era signifies change across all facets of society. The nation is progressing rapidly in the right direction,' PM Modi concluded.
Point of View
Prime Minister Modi's assertions underscore a strategic vision for India’s economic future. The emphasis on trade agreements reflects a proactive approach to integrate India into the global economy. This positions the nation not just as a participant but as a leader in shaping the new world order.
NationPress
6 Jul 2026
Frequently Asked Questions
What did PM Modi say about trade deals?
PM Modi highlighted that future-ready trade agreements are crucial for India's long-term economic strategy, particularly emphasizing the significance of the trade deal with the EU.
How does PM Modi view India's economic position?
He believes that India is transitioning from the 'fragile 5' to becoming the world's third-largest economy, with strong growth and low inflation.
What is the significance of the recent trade deals?
These trade deals with the US and the EU are seen as strategic moves to enhance India's economic influence and position it as a reliable partner in the global market.
