Prime Minister Narendra Modi on Wednesday attended the inaugural function of the ‘BRICS Business Forum’. During this, PM Modi said that BRICS was established with the belief that this group of emerging economics can emerge as an engine of global growth. Today, when the whole country is focusing on post covid recovery, then the role of BRICS countries will once again be very important.
He said that to deal with the economic problems arising out of the pandemic, we adopted the mantra of Reform, Perform and Transform in India and the result of this approach is clear from the performance of the Indian economy. This year we are expecting 7.5% growth which makes us the fastest growing major economy.
Prime Minister Narendra Modi said that in New India, transformative changes are taking place in every sector. Today I want to focus your attention on four major aspects. First, a key pillar of India’s current economic recovery is technology-led growth. We are supporting innovation in every sector.
He said that we have made innovation friendly policy in many areas like Space, Blue Economy, Green Hydrogen, Drones, Jio Special, Data. Today India has one of the best ecosystem for innovation in the world which is reflected in the growing number of Indian startups.
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