In an unsettled world, Modi calls India safe harbour

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Key points

• India political stabilityModi Reform Expresseconomic expansion IndiaInternational Monetary Fundease of doing business Indiamanufacturing and technology IndiaViksit BharatET World Leaders Forum 2026.
• ET World Leaders Forum 2026: PM Narendra Modi vows faster reforms, notes stable India can power world stability.
• India has been an oasis of political stability while the world has been going through ups and downs, the Prime Minister emphasised in a 40-minute address on Friday.
• Power shift, a déjà vu: Air India could be new CEO's toughest flight yet.
• Prime Minister Narendra Modi pledged faster reforms and greater ease of living.

Prime Minister Narendra Modi pledged faster reforms and greater ease of living. He expressed confidence that a stable India will contribute to world stability. India has been an oasis of political stability amidst global fluctuations. The administration is committed to uplifting the youth, farmers, and the poor. Reforms are shifting from 'prohibited unless permitted' to 'permitted unless prohibited'.

Prime Minister Narendra Modi assured the nation on Friday that the government's "Reform Express" will power ahead at an even more rapid pace over the next few days and expressed confidence that the road to world stability will emerge from a secure, politically stable India. Addressing an august gathering of captains of industry, heavyweights from domestic and international politics, and opinion makers at The Economic Times World Leaders Forum in the national capital, he asserted that his administration has ensured both ease of living and ease of doing business, leading to upliftment of the weaker sections of society.: ET World Leaders Forum 2026: Smriti Irani on politics, power and the rate of being a woman.

India has been an oasis of political stability while the world has been going through ups and downs, the Prime Minister emphasised in a 40-minute address on Friday. He agreed with the forum's theme – Shared Futures: Secure, Intelligent, Resilient – and remarked, "Nothing exists in isolation." As nations grow increasingly interconnected, they should together strive to build a better tomorrow. "In the coming days, ease of living and ease of doing business will expand further, " he remarked. "This administration will keep working continuously for the youth, Nari Shakti, farmers, poor and middle class. Meanwhile, the 'Reform Express' is going to move forward at a faster pace. We will keep working continuously with full commitment for the target of Viksit Bharat." Live Events.

India's role in the global economy will be a central one. "For me, if the future of Bharat is assured, then the path to the big task of world stability is going to emerge from this land, " Modi remarked. "With the self-confidence that the more stable India becomes, its future becomes more secure, the strength to provide world stability will be created here." He remarked resources have been weaponised, and the pervasive distrust poses a number of challenges. In this scenario, India is a bright spot, with more than 250 million individuals having been lifted out of poverty previously decade. He cited the International Monetary Fund's forecast that India will remain the "fastest growing major economy" in the world.: ET World Leaders Forum 2026: A developed India only feasible when Bihar is prosperous, Samrat Choudhary states The Prime Minister touched upon problems that concern the common residents and how his administration has tried to produce their life straightforward. He recalled his Independence Day speech of last week and remarked the saptadhara – seven shakti or streams – will guide the nation towards becoming a developed country. These are manufacturing, technology, agriculture and food processing, green and blue economy, Gati Shakti and India's soft power. Modi referred to his speech at last year's edition of ET WLF, where he had remarked reforms were not a compulsion but a commitment for his administration. Slamming previous dispensations that had penalised production that exceeded prescribed limits, the Prime Minister drew a comparison between "PLP" and "PLI." Under PLP, or production-linked punishment, manufacturing units had to destroy excess output or face administration scrutiny. Those criticising his administration today belong to that dispensation, he went on. "Those governments wanted people to suffer from shortage so they would come to them with folded hands for their needs, " remarked Modi, adding that this additionally hampered employment generation. His regime, by contrast, promotes production-linked incentives (PLI) that have resulted in `2.5 lakh crore investment, `22 lakh crore production and sales, “15 lakh crore of exports, and creation of more than 1.4 million direct and indirect jobs. "Today, there is political stability and continuity in policy, " Modi remarked. "Earlier, reforms were confirmed but not implemented, but we have a clear roadmap of reforms. The direction of these reforms has been that they should be at the governance level. In the 21st century, we are not just changing regulations but additionally changing the highly philosophy of regulations." The Prime Minister highlighted a key change in the reform thrust. "Earlier, the approach was 'prohibited unless permitted, ' which meant that until the government gave you permission, you could not do it, " Modi remarked. "We have changed it to 'permitted unless prohibited.' The thinking behind this approach is clear. The basis of the relationship between the administration and the residents should be trust, not suspicion." The Prime Minister mentioned the Jan Vishwas Bill, the repeal of 1, 500 archaic laws and removal of 40, 000 compliances in this regard. He additionally underlined the intent behind the Bankers' Book Evidence Bill that was passed against the backdrop of protests in the much-disrupted monsoon session of Parliament lately. Modi additionally listed a number of reforms in railways and the Delhi metro rail, the opening of the nuclear and defence sector, the achievements of the Border Roads Organisation and the expansion in digital payments that have eased the life of common residents. It shouldn't be that a policy is created and that the nation is then forced to abide by it. "Today, we are making policies which are pro-people, pro-growth and pro-development, " the Prime Minister remarked. "Policies should be made according to the requirements of a nation." Add Now!

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Taken together, the developments around in an unsettled world, Modi calls India safe harbour point to a situation that is still moving, and the coming days should bring more clarity.