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Key Points

Prime Minister Narendra Modi emphasized India's steady economic reform journey during the India-UK CEO Forum in Mumbai. The event highlighted the strategic partnership between India and the United Kingdom, focusing on trade, innovation, and global economic collaboration. Modi and UK Prime Minister Keir Starmer discussed expanding bilateral trade and exploring critical sectors like rare earths and minerals. The leaders affirmed their commitment to shared economic progress and diplomatic engagement.

Key Points: Modi Charts India UK Economic Reforms with Starmer

  • Modi targets $112 billion bilateral trade by 2030
  • Strategic collaboration focuses on critical minerals and rare earths
  • India-UK partnership emphasizes innovation and industrial growth
  • CEO Forum bridges academic and industry connections
2 min read

India's economy on the road to reform, moving steadily: PM Modi

PM Modi highlights India-UK trade partnership, innovation potential, and strategic economic reforms during bilateral CEO forum meeting

"India and the UK are natural partners. Our growing partnership is an important pillar of global stability and economic progress - PM Narendra Modi"

Mumbai, Oct 9

Prime Minister Narendra Modi on Thursday said that India's economy is moving steadily on the path of reform and growth, driven by strong partnerships, innovation, and strategic collaboration with global allies such as the United Kingdom.

Addressing the India-UK CEO Forum here, PM Modi said that the relationship between academia and industry will be the driving force of India's innovation and economic progress.

"Our economy is on the road to reform, moving steadily and confidently," he said, highlighting India's growing strength across critical sectors.

The Prime Minister also underlined the importance of critical minerals and rare earths as key strategic areas for future trade and development.

"We will move forward keeping these sectors in mind, as they are vital to our industrial growth and energy security," PM Modi noted.

PM Modi and his visiting UK counterpart Keir Starmer jointly attended the CEO Forum, which brought together leading business and financial leaders from both nations.

Prime Minister Modi said that India and the UK have built a strong foundation for trade and economic cooperation, thanks to the tireless efforts of industry leaders and policymakers from both sides.

"India and the UK are natural partners. Our growing partnership is an important pillar of global stability and economic progress," PM Modi said earlier in the day after meeting with Prime Minister Starmer at the Maharashtra Raj Bhavan.

The Prime Minister added that both sides exchanged views on peace and stability in the Indo-Pacific and West Asia and reaffirmed support for restoring peace in conflict regions through dialogue and diplomacy.

He highlighted that India and the UK's bilateral trade currently stands at around $56 billion, with a shared goal to double it to $112 billion by 2030.

"This is not just a trade agreement but a vision of shared progress and prosperity between New Delhi and London," PM Modi said.

- IANS

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Reader Comments

A
Arjun K
While I appreciate the vision, I hope these reforms actually reach the common man. Many small businesses are still struggling with compliance burdens. The government needs to ensure benefits percolate to all levels.
R
Rohit P
Focus on critical minerals and rare earths is crucial for our energy security. This forward-thinking approach will make India self-reliant in key sectors. Jai Hind! ✨
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Sarah B
As someone working in the education sector, I'm particularly happy about the emphasis on academia-industry partnerships. This will create better job opportunities for our youth and drive innovation.
V
Vikram M
The steady economic growth is visible in infrastructure development across cities. Mumbai itself has transformed so much in recent years. Hope this momentum continues! 🚀
M
Michael C
India-UK partnership is indeed natural given our historical ties and shared democratic values. The focus on Indo-Pacific stability shows India's growing global leadership role. Well said, PM Modi!

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