Prime Minister Narendra Modi emphasized India’s goal of achieving financial self-reliance over the next decade, shielding the economy from global events while propelling it forward confidently for progress and development.
Addressing the 90th anniversary celebrations of the Reserve Bank of India (RBI) in Mumbai, PM Modi highlighted the nation’s economic transformation from the challenges inherited in 2014 to its current poised state for growth.
“Our policies have opened up new sectors in the economy like green energy, digital technology, defense, MSMEs, space, and tourism industries,” stated the Prime Minister, underscoring the importance of addressing youth aspirations and developing innovative policies for emerging sectors.
PM Modi urged the RBI to devise ‘out-of-the-box’ strategies to support these sectors and cater to the aspirations of India’s young population.
Recognizing the global challenge of balancing inflation control and growth, PM Modi called upon the RBI to pioneer a model for achieving this balance, setting a trend for the world, particularly the Global South, while ensuring the accessibility and acceptability of the Indian Rupee worldwide.
Looking ahead, PM Modi expressed India’s commitment to enhancing its financial independence over the next decade, aiming for minimal impact from global developments as the country progresses towards becoming a leading engine of global growth.
The event was attended by Union Finance Minister Nirmala Sitharaman, RBI Governor Shaktikanta Das, and other dignitaries.
