Narendra Modi
Prime Minister of India
The Economic Times World Leaders Forum Compendium 2025
As the world stands at an inflection point, grappling with multiple disruptions, India must bank on its unique strengths to steer the triad of power, purpose, partnership in the emerging global order.
The country finds strength in its deep sense of identity and self-sufficiency—be it through shoring up domestic manufacturing, taking Indian films to the global stage or by unfolding new chapters of grit and glory in sports.
Narendra Modi
Prime Minister of India
Sanjeev Krishan
Chairperson, PwC in India
Narendra Modi
Prime Minister of India
Today, the demand of the times is that industry and the private sector step forward, especially in areas such as clean energy, quantum technology, battery storage, advanced materials, and biotechnology, and increase their efforts and investments in research. This will give new energy to the resolution of building a Viksit Bharat.
Today, Bharat’s progress is making global headlines. The key to Bharat’s future lies in this transformation. Over the past decade, 25 crore people have been lifted out of poverty. Not only have these individuals emerged from poverty, but they have also formed a neo-middle class. The speed and scale of this transformation are unprecedented in any democratic society worldwide.
When the election results were announced, I had said that during our third term, the government would work at three times the pace. I assure you, our resolve has only strengthened. Over the past three months, we have made significant decisions for the benefit of the poor, farmers, youth, and women. We have sanctioned 3 crore new houses for the poor, announced Unified Pension Scheme, expanded Agricultural Infrastructure Fund to INR 1 lakh crore, released over 100 varieties of improved seeds, and launched a PM package worth INR 2 lakh crore, directly benefiting more than 4 crore young people. Additionally, within just 100 days, 11 lakh rural women from ordinary families have become ‘lakhpati didis’ — a remarkable achievement in advancing the economic empowerment of women.
We have approved the construction of 12 new industrial cities with an investment of INR 30,000 crore. Moreover, eight high-speed corridors worth over INR 50,000 crore have been sanctioned. We have also approved the expansion of the Pune, Thane, and Bangalore Metro systems with INR 30,000 crore. Meanwhile, work has begun on one of the world’s highest tunnels in Ladakh. For us, infrastructure is more than just increasing length, breadth, and height — it is a means of improving convenience and the quality of life for Indian citizens.
The aspiration of every Indian is to see Bharat become a global manufacturing hub, and this is also the expectation the world has of us. Today, you can witness a revolution taking place across the country towards this goal. Our MSMEs are receiving an unprecedented level of support. Plug-and-play industrial parks are being established in cities, and economic corridors are being developed. The production of critical minerals is being actively promoted. The success of Production-Linked Incentive (PLI) schemes in Bharat has been nothing short of remarkable.
The green energy sector is poised to be another strong pillar of a developed Bharat. You have witnessed Bharat’s success at the G-20 summit, where our green hydrogen initiative garnered the support of all participating countries. Bharat has committed to developing the capacity to produce 5 million tonnes of green hydrogen by 2030. Additionally, Bharat aims to generate 500 gigawatts of renewable energy by 2030.
In the past years, technology has been a major driver of our growth. Now, alongside technology, tourism will also become a key pillar of Bharat’s development. The nation is striving to position itself as a top destination for tourists from all over the world, across various segments.
We have pledged to make Bharat a developed nation by 2047. We know that you also wish to actively participate in this journey. We want more and more companies in Bharat to become global brands. We aspire for Bharat to lead in every sector on the global stage.Think big, as we have many success stories to write together for the nation. Today’s Bharat is the land of the greatest possibilities in the world. Today’s Bharat values wealth creators.
A strong Bharat can drive substantial development for all of humanity. A prosperous Bharat can pave the way for global prosperity. We must remember the mantras of innovation, inclusion, and international cooperation. Let us make Bharat a developed nation because the prosperity of the world is intertwined with the prosperity of Bharat. And I am confident that we can achieve this goal. With this belief, I extend my heartfelt gratitude to all of you.
Our promise to you is that we will facilitate, and your promise should be to innovate.
Our promise is to reform, and your promise should be to perform.
Our promise is to provide a stable policy regime, and your promise should be to create positive disruptions.
Our promise is to focus on high growth, and your promise should be to focus on high quality
At the heart of India’s commitment to a shared journey towards harmony lies its soft power, embodied in the five cultural dimensions—the 5Cs: Common Man, Cinema, Cricket, Cuisine, Couture—that reflect the nation’s enduring spirit. Together, these elements serve as quiet yet powerful ambassadors of India’s values and aspirations—gently empowering the nation to lead amidst geopolitical turbulence, socio-economic transitions, and rapid technological advancements.
As traditional power structures are redefined and new paradigms emerge in the shifting world order, the imperative for nations is no longer to choose between hard and soft power—but to master the art of smart power. This approach blends the coercive force of hard power with the persuasive influence of soft power. Thus, India must safeguard its strategic interests, fortify its global position, and advance a shared purpose through multi-pronged partnerships and technological leadership.
At the heart of India’s commitment to a shared journey towards harmony lies its soft power, embodied in the five cultural dimensions—the 5Cs: Common Man, Cinema, Cricket, Cuisine, Couture—that reflect the nation’s enduring spirit. Together, these elements serve as quiet yet powerful ambassadors of India’s values and aspirations—gently empowering the nation to lead amidst geopolitical turbulence, socio-economic transitions, and rapid technological advancements.
As traditional power structures are redefined and new paradigms emerge in the shifting world order, the imperative for nations is no longer to choose between hard and soft power—but to master the art of smart power. This approach blends the coercive force of hard power with the persuasive influence of soft power. Thus, India must safeguard its strategic interests, fortify its global position, and advance a shared purpose through multi-pronged partnerships and technological leadership.
Arnab Basu
Clients and Industries Leader, PwC India