34ºc, Sunny 
Addressing the Economic Times World Leaders Forum held in Raipur, Chhattisgarh today, Prime Minister Narendra Modi presented a robust vision for India's pivotal role in shaping the future of the global economy. He confidently stated that India is on track to contribute a significant 20% to worldwide economic growth in the coming years. This projection, he emphasized, is underpinned by a decade of sustained macroeconomic stability and a proactive agenda of next-generation reforms.
Highlighting India's transformative journey, PM Modi remarked on the nation's evolution from being a passive observer to an active driver of global progress. He cited tangible advancements such as the rapid nationwide rollout of indigenous 5G technology and the anticipated launch of the first indigenously manufactured semiconductor chip before the end of the year. These developments, according to the Prime Minister, are clear indicators of India's growing technological prowess and manufacturing capabilities.
Furthermore, PM Modi announced a comprehensive overhaul of the Goods and Services Tax (GST) framework, expected to be completed by the Diwali festival. This reform aims to further streamline the tax regime, reduce compliance burdens, and provide a substantial boost to domestic manufacturing. He reiterated the government's commitment to a long-term vision, driven by firm conviction rather than external pressures, with a clear goal of achieving the status of a developed India by the year 2047 through a series of impactful "quantum jump" reforms. He assured the audience that India's economic fundamentals remain strong, characterized by controlled inflation, declining interest rates, and a manageable current account deficit.
