India Poised for Quantum Growth: PM Modi at ET World Leaders Forum 2025

By
Special Correspondent
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New Delhi: Prime Minister Narendra Modi, addressing the ET World Leaders Forum 2025, asserted that India is the world’s fastest-growing major economy and on track to soon emerge as the third-largest economy globally. He credited the resilience of India’s economy to the macroeconomic stability built over the last decade, despite global challenges such as the Covid crisis.

Modi highlighted that the fiscal deficit is expected to fall to 4.4%, banks are stronger than ever, inflation remains low, interest rates stable, and forex reserves robust. He noted that India’s markets are witnessing record fund-raising by companies, while lakhs of retail investors are consistently channeling thousands of crores into the markets through SIPs.

Showcasing India’s progress in technology, the PM announced that semiconductor factories are already coming up, and the first Made-in-India chip will be available by the end of this year. He added that work on indigenous 6G technology is progressing rapidly, correcting decades of missed opportunities in electronics manufacturing.

On the reform agenda, Modi underlined that the Jan Vishwas Bill 2.0 has been enacted to promote trust-based, citizen-friendly governance. The 60-year-old income tax law has been simplified, while outdated legislations in mining, shipping, and ports have been replaced to enable port-led growth in the blue economy. A new National Sports Policy has also been introduced to strengthen the sports economy and prepare India for hosting global events.

Turning to India’s strides in space, Modi said the country has completed over 60 missions in the past 11 years and recently achieved the milestone of space docking. He confirmed that preparations are in full swing for the Gaganyaan mission, with critical contributions from Group Captain Shubhanshu Shukla.

“India is not looking for incremental change. We are moving ahead with the goal of a quantum leap. For us, reform is not compulsion or crisis-driven—it is our conviction,” Modi concluded.

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  7. Since India’s independence from Britain in 1947, the status of English in India has been deeply political – entwined with questions of identity, power, and national direction.

    Today, English is one of several official languages in India, spoken by about 10% of the population. Hindi is the first language for around 44% of citizens, according to the 2011 census.
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    But in recent years, Modi’s BJP has placed particular emphasis on promoting Hindi and reducing the use of English in public life.

    The prime minister almost never delivers speeches in English, preferring Hindi for national addresses such as his monthly radio program. His administration has encouraged officials to use Hindi on social media and in government correspondence – though, after criticism from non-Hindi-speaking states, clarified that this was intended mainly for the Hindi belt in the north.
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    When India hosted world leaders for the 2023 G20 summit in New Delhi, invitations were sent out from “Bharat” – the Sanskrit or Hindi name for the country – instead of “India,” fueling speculation that the government aims to ultimately phase out the country’s English designation altogether.

    Modi’s critics have been quick to note his political motives behind these moves.

    With its roots in the Rashtriya Swayamsevak Sangh (RSS), a right-wing organization that advocates Hindu hegemony within India, the BJP’s language policies resonate with many in a country where nearly 80% of people are Hindu.

    Analysts say the BJP is seeking to capitalize on this demographic by promoting language policies that strengthen its support base in the north.

    According to Rita Kothari, an English professor from Ashoka University, the government “is certainly interested in homogenizing the country and making Hindi more widespread.”

    But that policy can also backfire – in part because many regions, such as Marathi-speaking Maharashtra in the west – are staunchly proud of their local language.

    The violent clashes in the state’s megacity Mumbai earlier this month were sparked by the regional government’s controversial decision to make Hindi a compulsory third language in public primary schools.

    Pushback and protest has also been especially strong in the south, where English and regional languages such as Tamil, Telugu, and Kannada are valued as symbols of local identity and autonomy.

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