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India's "Reform Express" Powers Trade Deals & Third-Largest Economy Goal

Prime Minister Narendra Modi stated that strategic trade agreements, like those with the EU and US, are central to India's long-term economic vision. He emphasized that India has boarded the "Reform Express," transforming from the "fragile 5" and rapidly advancing toward becoming the world's third-largest economy. Modi told the Rajya Sabha that the world is moving towards a new order, with India positioned as a 'vishwa bandhu' or friend to the world. He highlighted that robust growth, low inflation, and a strong manufacturing base make the country an attractive global partner.

Key Points: PM Modi: Trade Deals Key to India's Long-Term Economic Strategy

  • Future-ready trade deals are a long-term strategy
  • India is on the "Reform Express" to become 3rd-largest economy
  • New world order is bending towards India as a trusted partner
  • Strong manufacturing ecosystem attracts global partnerships
2 min read

Trade deals part of India's long-term economic strategy: PM Modi

PM Modi outlines India's future-ready trade strategy, highlighting EU & US deals and the nation's path to becoming the world's third-largest economy.

"The world is moving towards a new world order, and the bent is towards India, which is a 'vishwa bandhu'. - PM Narendra Modi"

New Delhi, Feb 5

Prime Minister Narendra Modi on Thursday said that future-ready trade agreements are part of India's long-term economic strategy, adding that the trade agreement with the EU has been touted as "mother of all trade deals".

Stressing that the government is focusing on future-ready policies with the reform-perform-transform mantra, PM Modi said India has boarded the "Reform Express", and from the "fragile 5", India is moving fast towards becoming the world's third-largest economy.

"There was a new world order after the Second World War, and now the world is moving towards a new world order, and the bent is towards India, which is a 'vishwa bandhu'," PM Modi told the Rajya Sabha in his reply to the Motion of Thanks to the President's Address.

India has just announced a key trade deal with the US and with the EU a few days earlier.

The country's growing economic influence and partnerships position the country strongly in the evolving global order, underlining its role as a trusted partner on the world stage, the Prime Minister added.

"The first quarter of the 21st century has been completed. But this second quarter is decisive, just like the second quarter of India's freedom struggle in the last century was. I can clearly see that in the direction of building Viksit Bharat, this second quarter is going to be equally capable," PM Modi highlighted.

The Prime Minister further stated that when you have a strong manufacturing ecosystem, "the world will want to deal with you".

"Among major economies, India's growth is constantly high and robust, and low inflation has been hailed by the world," he added.

"In the journey towards Viksit Bharat, the last few years have been the years of rapid development. This has been the era of change in every walk of life, in every section of society. The country is going ahead in the right direction at a very fast pace," PM Modi noted.

- IANS

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Reader Comments

S
Sarah B
As someone working in the export sector, I've seen the positive impact of these trade talks firsthand. The EU deal could be a game-changer for SMEs if implemented well. Fingers crossed!
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Rohit P
Good to hear the focus on long-term strategy. But I hope this 'Reform Express' also makes a stop for the common man. Inflation might be low on paper, but my monthly grocery bill tells a different story. The benefits of these deals must reach the ground level.
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Priya S
Becoming the world's third-largest economy is an ambitious and exciting goal. It's about time India got its due respect on the global stage. The 'mother of all trade deals' with the EU sounds promising for job creation.
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Michael C
The shift from 'fragile 5' to a top-3 economy contender is a remarkable narrative. Strong trade partnerships are key. Hope the manufacturing push includes a focus on sustainable and green tech.
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Kavya N
The vision for 'Viksit Bharat' is inspiring. But as a young professional, I'm more interested in the details. What sectors will these deals boost? Will they lead to better products and more choices for us consumers? The devil is in the implementation.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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