{
  "id": 14137311,
  "title": "India grows ‘with the world, not at anyone's cost’, cites strong economic fundamentals, says PM Modi",
  "url": "https://urgent.news/2026/10/13/india-grows-with-the-world-not-at-anyones-cost-cites-strong-economic",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T06:38:28.000Z",
  "source": {
    "name": "The Hindu",
    "slug": "the-hindu",
    "url": "https://www.thehindu.com/business/Economy/pm-modi-bloomberg-economic-forum-october-13-2026/article71578206.ece"
  },
  "original_language": "en",
  "account": "India's Prime Minister Narendra Modi addressed the Bloomberg Economic Forum on Tuesday, emphasizing the nation's strong economic fundamentals and commitment to shared prosperity rather than growth at the expense of other nations. In the face of geopolitical tensions and growing competition over critical technologies and resources, Modi asserted that India seeks to expand its global economic influence by fostering mutual benefits.\n\nCiting India's 7.8% economic growth in the April-June quarter, Modi highlighted the country's macroeconomic resilience, including a significant reduction in its current account deficit and strong foreign-exchange reserves exceeding $700 billion. He argued that economic and technological strength should be measured by their impact on people's lives and opportunities for others, encapsulated by his approach of \"power to empower.\"\n\nModi outlined India's digital public infrastructure, burgeoning startup ecosystem, and expanding clean-energy capacity as examples of how the nation's domestic capabilities could promote inclusive growth. He emphasized that India is sharing its expertise in digital identity, payments, and public infrastructure with partner countries, particularly those in the Global South. The Prime Minister warned that supply chains, energy, critical minerals, payment systems, and technology are increasingly being used as tools of geopolitical pressure, underscoring the importance of reliable partners and resilient economic systems.\n\nModi's remarks come as India seeks to attract investment, enhance its role in global supply chains, and deepen economic partnerships with emerging markets. He positioned the country's growth not only as a domestic achievement but also as a source of technology, talent, and solutions for other economies. He highlighted India's digital infrastructure, startup ecosystem, renewable energy capacity, and macroeconomic improvements, arguing that its rise offers a model of inclusive growth amid global uncertainties.",
  "summary": "The Prime Minister cited the country's 7.8% economic growth in the April-June quarter, foreign-exchange reserves exceeding $700 billion and reforms spanning taxation, insolvency and labour laws as evidence of its resilience",
  "key_points": [
    "India's Prime Minister Modi emphasizes shared prosperity over growth at others' expense.",
    "India reports 7.8% economic growth in April-June quarter, with strong foreign-exchange reserves."
  ],
  "editors_take": "By positioning domestic technological and digital advancements as tools for global cooperation, India seeks to transform its economic rise into a collaborative model for emerging markets and the Global South.",
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "The Economic Times",
        "title": "PM Modi calls India the 'mother of democracy'",
        "url": "https://urgent.news/2026/10/13/pm-modi-calls-india-the-mother-of-democracy",
        "published": "2026-10-13T05:01:17.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "As 'Cockroach' protests grow over alleged voter fraud, Modi defends India as ‘mother of democracy’",
        "url": "https://urgent.news/2026/10/13/as-cockroach-protests-grow-over-alleged-voter-fraud-modi-defends",
        "published": "2026-10-13T06:52:39.000Z"
      },
      {
        "outlet": "Live Mint",
        "title": "'India's reform express moving ahead at high speed': PM Modi's fiery speech at Bloomberg New Economy Forum; 10 takeaways",
        "url": "https://urgent.news/2026/10/13/indias-reform-express-moving-ahead-at-high-speed-pm-modis-fiery",
        "published": "2026-10-13T07:18:34.000Z"
      },
      {
        "outlet": "The Indian Express",
        "title": "India’s confidence at unprecedented high; reforms are conviction, not compulsion: PM Modi",
        "url": "https://urgent.news/2026/10/13/indias-confidence-at-unprecedented-high-reforms-are-conviction-not",
        "published": "2026-10-13T07:36:08.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}