PM Narendra Modi
During his address at the second edition of the Infinity Forum, Prime Minister Narendra Modi spoke on India’s steady progress and resilience. He stressed the importance of discussing 21st century economic policies in the GIFT City, which is a matter of pride for the state of Gujarat. Prime Minister Modi cited India’s growth story as proof that prioritizing policies, good governance and aligning economic decisions with the interests of the country and its people leads to positive results. He said that within only six months of the financial year, India’s economy has shown a commendable growth rate of 7.7%. Read the important points of PM Modi’s address.
- The Prime Minister said that the world has high expectations from India, thanks to the country’s strengthening economy and the transformational reforms implemented in the last decade.
- PM Modi also recognized the global challenge of climate change and emphasized that India, as one of the world’s largest economies, takes these concerns seriously.
- India’s fintech market was highlighted as one of the fastest growing markets globally. The Prime Minister emphasized India’s strength in the fintech sector, which stands out on the scale of the GIFT International Financial Services Center (IFSC). Based on the valuable suggestions received, several initiatives have been launched.
- In April 2022, IFSCA introduced a broad-based framework to regulate fund management activities. Currently, there are more than 80 fund management institutions registered with IFSCA, managing funds worth more than $24 billion.
- Additionally, GIFT-IFSC has received approval from two leading international universities to offer courses to further enhance its academic and research capabilities. Additionally, IFSCA launched an aircraft leasing framework in May 2022, under which 26 leasing units have successfully operated.
- The Prime Minister’s speech at the Infinity Forum emphasized India’s economic achievements, commitment to good governance, focus on global concerns like climate change and the growth potential of the fintech sector in the GIFT City.
Source: www.tv9hindi.com”