India offers ‘limitless possibilities’ for investors, says Modi

Prime Minister Narendra Modi on Sunday said India is emerging as a beacon of stability and opportunity amid global uncertainty, attracting growing trust from investors across the world.

Addressing the Vibrant Gujarat Regional Conference for the Kutch and Saurashtra region, the Prime Minister said India’s political stability, policy consistency and an expanding neo-middle class with rising purchasing power make the country a land of “limitless possibilities”.

He said that the Vibrant Gujarat Regional Summit conveys a clear message to investors, adding that for investment in regions such as Saurashtra and Kutch, “this is the time, the right time”.

Stating that global institutions are increasingly bullish on India, Modi said the International Monetary Fund has described India as the engine of global growth, while S&P has upgraded India’s sovereign rating after eighteen years. He added that Fitch Ratings has also praised India’s macroeconomic stability and fiscal credibility.

Recalling the early days of the Vibrant Gujarat initiative, the Prime Minister said the original objective was to showcase Gujarat’s potential, attract investment and create opportunities that would benefit both India and global stakeholders.

He noted that the focus of the summit is now on converting the untapped potential of various regions of the state into tangible performance and development.

“India’s growth fact sheet is the success story of the mantra Reform, Perform and Transform,” Modi said, noting that over the past 11 years India has become the world’s largest consumer of mobile data, while UPI has emerged as the leading real-time digital transaction platform globally.

He said that while nine out of ten mobile phones were once imported, India is now the world’s second largest mobile phone manufacturer. The Prime Minister added that the country has the world’s third largest start-up ecosystem, ranks among the top three nations in solar power generation, is the third largest aviation market, and has one of the largest metro rail networks globally.

Highlighting the Dholera Special Investment Region, Modi said it is emerging as a major hub of modern manufacturing and will host India’s first semiconductor fabrication facility.