India in position to help lift the world out of slow growth: PM Modi

India is the world’s fastest-growing major economy and is set to become the third largest globally, Prime Minister Narendra Modi said on Saturday.

Pledging major reforms, he asserted that India is now in a position to lift the world out of sluggish growth.

Speaking at a local event, Modi said India, with its resilience and strength, stood as a beacon of hope for the world.

“Our government is infusing new energy into India’s space sector. We are moving ahead with the aim of making a quantum leap, not just incremental change,” the PM said.

He stressed that the government’s reforms were neither a compulsion nor crisis-driven, but a matter of “commitment and conviction”.

“It is not in my nature to be satisfied with what has already been achieved. The same approach guides our reforms… We are not among those who sit by the side of a stagnant stream and throw in pebbles. We are the people who change the course of streams,” Modi remarked.

The PM said a major reform in the Goods and Services Tax (GST) system was underway and would be completed by Diwali, simplifying compliance and reducing prices.

He added that Viksit Bharat rests on the foundation of a self-reliant nation, and work was progressing on that front. “The ‘One Nation, One Subscription’ initiative has simplified access to world-class research journals for students. Guided by the mantra of ‘reform, perform and transform’, India today is in a position to help lift the world out of slow growth,” Modi said, against the backdrop of the ongoing tariff war with the US.

He said India has the strength “to bend the course of time” and that the government remained committed to big reforms.