Is India’s Economy Steadily Reforming and Growing?
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Synopsis
Prime Minister Narendra Modi emphasizes India's steady economic growth and reform during the India-UK CEO Forum. Key partnerships, innovation, and strategic collaborations with the UK are pivotal for India's future. The bilateral trade goal is set to double by 2030, reflecting a mutual vision for prosperity.
Key Takeaways
- India's economy is progressing steadily on a path of reform.
- Strong partnerships and innovation are key drivers of growth.
- Critical minerals and rare earths are vital for future trade.
- India aims to double its trade with the UK by 2030.
- Collaboration between academia and industry is essential for innovation.
Mumbai, Oct 9 (NationPress) Prime Minister Narendra Modi declared on Thursday that India’s economy is progressing confidently along the path of reform and growth, fueled by robust partnerships, innovative practices, and strategic collaborations with global allies like the United Kingdom.
While addressing the India-UK CEO Forum, PM Modi emphasized that the synergy between academia and industry will serve as the cornerstone of India’s innovation and economic advancement.
"Our economy is on a steady and confident path of reform," he stated, underscoring India’s increasing strength in vital sectors.
The Prime Minister also highlighted the significance of critical minerals and rare earth elements as essential strategic domains for future trade and development.
“We will advance with these sectors in focus, as they are crucial for our industrial expansion and energy security,” PM Modi noted.
Alongside UK Prime Minister Keir Starmer, PM Modi co-hosted the CEO Forum, which gathered prominent business and financial figures from both nations.
He remarked that India and the UK have established a solid foundation for trade and economic collaboration, thanks to the relentless endeavors of industry leaders and policymakers from both sides.
"India and the UK are natural allies. Our evolving partnership stands as a vital pillar of global stability and economic advancement," PM Modi asserted after his meeting with Prime Minister Starmer at Maharashtra Raj Bhavan.
The Prime Minister elaborated on the discussions surrounding peace and stability in the Indo-Pacific and West Asia, reaffirming the commitment to restoring peace in conflict zones through dialogue and diplomacy.
He pointed out that the bilateral trade between India and the UK currently amounts to approximately $56 billion, with a mutual aim to double it to $112 billion by 2030.
"This extends beyond a mere trade agreement; it represents a vision for shared progress and prosperity between New Delhi and London," PM Modi concluded.
Point of View
It is crucial to acknowledge PM Modi's commitment to reforming India's economy through strategic partnerships and innovation. The focus on critical minerals and the ambitious trade targets with the UK highlight a proactive approach to economic growth. This vision fosters optimism for India's future economic landscape.
NationPress
09/10/2025
Frequently Asked Questions
What is the current status of India-UK trade?
India's bilateral trade with the UK currently stands at around $56 billion, with a shared goal to double it to $112 billion by 2030.
What sectors are key for India's economic growth?
Critical minerals and rare earths have been highlighted as vital sectors for India's industrial growth and energy security.
How does academia contribute to India's economy?
The relationship between academia and industry is viewed as a driving force for innovation and economic progress in India.
What is the significance of the India-UK CEO Forum?
The India-UK CEO Forum serves as a platform for leading business and financial leaders from both nations to foster collaboration and enhance trade relations.
How does PM Modi view India and the UK's relationship?
PM Modi describes India and the UK as natural partners, emphasizing that their growing relationship is crucial for global stability and economic progress.
