India moved beyond 'Fragile Five' status under reform-driven economic policies: Gujarat CM
Vadodara, June 30
Gujarat Chief Minister Bhupendra Patel on Tuesday said India had transformed from being counted among the world's "Fragile Five" economies to becoming one of the five fastest-growing economies, attributing the change to policy reforms introduced under Prime Minister Narendra Modi's leadership.
Addressing the valedictory session of the fourth Vibrant Gujarat Regional Conference in Vadodara, Patel said the Prime Minister's mantra of "Reform, Perform and Transform" had created a favourable policy environment for industry and the economy.
"The Indian economy, once counted among the 'Fragile Five', has now emerged as one of the world's five fastest-growing economies," Patel said.
He said Gujarat had implemented the Prime Minister's vision of inclusive development through the Vibrant Gujarat Regional Conference, which was designed to promote balanced regional growth while taking local strengths and talent to international markets.
Referring to the concepts of "Vocal for Local" and "Local to Global", Patel said: "They had become the foundation of the conference's success by helping showcase regional capabilities on a global platform."
The Chief Minister also said the Prime Minister had protected the interests of Indian industries despite challenging geopolitical conditions.
He added that confidence in India's leadership had strengthened internationally and among the Indian diaspora.
"Today the world has complete confidence in the Prime Minister's leadership," Patel said, adding that the growing confidence of Indians living abroad had contributed to foreign remittances worth Rs 13 lakh crore during 2025.
Patel noted that the Vibrant Gujarat Summit, launched by Narendra Modi in 2003, had helped establish Gujarat as a global investment destination and that the state government would continue working with all stakeholders to ensure balanced regional development while contributing to the vision of "Viksit Bharat 2047".
The conference concluded with investment proposals worth more than Rs 3.34 lakh crore through 3,759 memoranda of understanding, with the projects expected to create more than 1.97 lakh potential employment opportunities.
Union Defence Minister Rajnath Singh, Union Minister of State for Fisheries, Animal Husbandry and Dairying, Rajiv Ranjan Singh, industrialists, government officials and representatives of industry associations were among those present at the concluding session.
— IANS
Reader Comments
Great to see Gujarat leading by example! Vibrant Gujarat has truly put our state on the global map. And 13 lakh crore remittances show NRIs have full faith in India's future. Jai Hind! 🇮🇳
I'm from Gujarat and have seen the transformation since 2003. The roads, infrastructure, and investment climate have improved no doubt. But still, small and medium businesses struggle a lot with regulations. Hope 'ease of doing business' reaches them too.
Love the 'Vocal for Local' push. We need to support our own products and then take them global. This is the true Atmanirbhar Bharat spirit. Let's hope more states follow Gujarat's model. 👏
I appreciate the efforts, but 3.34 lakh crore MoUs need to translate into real jobs. Many such announcements in the past didn't materialize fully. Let's hold the government accountable for actual employment numbers. Otherwise it's just political rhetoric.
As a young professional in Bangalore, I feel the confidence in Indian leadership globally is real. But the benefits need to trickle down to smaller cities and villages. Hope 'Viksit Bharat 2047' means growth for everyone, not just the rich. 🚀
S < We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.