Modi pitches India as trusted partner amid supply chain tensions — SkimNews
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- Modi warned that global supply chains, trade, and technology are being weaponised by wars, tariffs, and state control, framing India as a trustworthy alternative in an unstable world
- Modi highlighted India’s economic growth and stability, citing its status as one of the world’s fastest-growing major economies during the Bloomberg New Economy Forum on Oct 13
- IMF raised India’s growth forecast to 7% for fiscal 2027, up from 6.4% in July, citing strong domestic demand and resilient services activity despite inflationary pressures
- Modi described India as the 'mother of democracy' with a vibrant media landscape, noting over 100 languages, 80,000 registered newspapers, and 1,000 satellite TV channels
- Modi did not address ongoing protests in New Delhi over voter-roll changes, though the unrest coincided with his speech and drew attention in media coverage
Why it matters: The IMF’s 0.6 percentage point growth upgrade signals sustained investor confidence in India’s economy despite global headwinds, reinforcing Modi’s pitch for India as a stable production and investment hub just as supply chain reliability becomes a top geopolitical concern for multinational firms.
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