PM Modi: India's growth is development & low inflation
August 3, 2026
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Home Politics

PM Modi in Rajya Sabha: India’s growth story is a rare combination of rapid development and low inflation

Prime Minister Narendra Modi hailed the growth story of India as a rare combination which is characterised by rapid growth coupled with low inflation. He also asserted that India is at the epicentre of the emerging new world order & is deemed by world-nations as Vishwamitra. The recently inked trade deals catalyses ocean of opportunities for the youth of the country. He also exclaimed the trade deals sealed by India as a tool to consolidate global stability amidst spiking geopolitical uncertainities

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Feb 5, 2026, 08:30 pm IST
in Politics, Bharat, Economy
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Prime Minister Narendra Modi in Rajya Sabha

Prime Minister Narendra Modi in Rajya Sabha

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New Delhi: Noting that the first quarter of the 21st century is over and the second quarter of this century will be as decisive as the second quarter of India’s freedom struggle in the last century, Prime Minister Narendra Modi on February 5, Thursday said that the country is marching speedily towards Viksit Bharat. Replying to the Motion of Thanks on the President’s Address in Rajya Sabha, PM Modi said that the world is rapidly progressing toward a new global order and India is at the epicentre of this emerging geopolitical landscape. The Prime Minister said the country is moving forward at a fast pace in the right direction.

“When we analyse the current situations and circumstances objectively and without political bias, it becomes evident that there is a growing inclination toward India. As a Vishwamitra and Vishwabandhu, India has emerged as a trusted partner for many countries”, Prime Minister Modi reiterated. “The first quarter of the 21st century has completed. But this second quarter is decisive just like the second quarter of India’s freedom struggle in the last century was. I can clearly see that in the direction of building Viksit Bharat, this second quarter is going to be equally capable”, Prime Minister further added.

The future-ready trade deals benifit the youth of the country

Prime Minister Modi also exclaimed that India has emerged as a trusted partner for many countries and the world is rapidly progressing toward a new global order. He said that big countries are very eager to have trade relations with India. “Today, the world is rapidly progressing towards a new global order. When we analyse the current situation and circumstances objectively and without political bias, it becomes evident that there is a growing inclination toward India.  He further said that India is signing future-ready trade deals.

“The recently signed trade deals will greatly benefit our youth. This includes young people from both rural and urban areas, as well as those from middle-class backgrounds–our sons and daughters. With the world market now open to them, new opportunities await. I want to assure our youth that I stand with you, shoulder to shoulder and that the world is ready to welcome your talents and ambitions”, he added. PM Modi also said that India’s trade agreements will enhance stability in the world.

“Be it the trade deal of the European Union or the recent deal with the US…The entire world is openly praising these trade deals. When we signed the trade deal with the EU, the world became more confident about the greater likelihood of global stability. After the trade deal with the US, the world became even more confident that the with stability, they can sense a speed too. This is a positive sign for the world”, he added.

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India is a rare combination of high growth rate and low inflation

While addressing the Parliament PM Modi asserted that “Global trust in India is growing. Guided by the mantra of ‘reform, perform, transform,’ we have moved forward and the reality today is that the nation has boarded the Reform Express,” he added. The Prime Minister said that India is experiencing high growth among major economies. “The rare combination of rapid growth and low inflation is a testament to the strength and resilience of our economy. When we took on the responsibility of governing, India was counted among the ‘Fragile Five’ economies. At the time of independence, we were the world’s sixth-largest economy. Now, we are on track to become the world’s third-largest economy”, PM Modi said.

PM Modi said that the “rich countries” have growing elderly populations, while India is becoming relatively younger. “Our country is reaching new heights of development and, day by day, becoming younger. It is a country with a young population”, PM Modi said. He said that the past year in India has been marked by rapid progress and development. “The journey towards a developed India has seen the past year as one of rapid progress and development for the country. Across all spheres of life, this period has brought transformation to society as a whole. The country is moving forward at a fast pace in the right direction”, PM Modi further added.

(With Inputs from ANI)

Topics: Motion of ThanksBudget SessionTrade DealsIndiaRajya SabhaPrime Minister Narendra ModiParliament
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