Prime Minister Narendra Modi said on Thursday that despite global disruptions and uncertainties “India is growing attractive”.
The PM, which dealt with the assembly after the opening of the International Trade Show (UPITS), said: “Bharat Jaise Desh Ko Kisi Par Nirbhar Rehna, AB Manzoor Nati Hai… Despite global disturbances and uncertainties, Indian growth is attractive.
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From 25 to 29 September, the UPITS-2025 fair is held, under the theme “Ultimate Sourcing begins”.
He added: “In the middle of all these disturbances of India, he strengthens the foundations in the coming decades. Our determination and mantra are Atmanirbhar Bharat. Nothing can be more helpless than others.
Modi said that recent structural reforms in GST are ready to give new wings to India’s growth story and lead to greater savings for people.
He said that the government introduced reforms in the indirect tax regime by introducing GST in 2017, which is an important step to strengthen the economy, followed by other reforms in September this year.
“We will not stop here … Because the economy is further strengthening, the tax burden will continue … with the blessing of compatriots, reforms will continue in GST,” the Prime Minister said.
PM Modi further emphasized several government initiatives such as the liberation of individuals earning £12 MAKH annually from income tax and GST 2.0 reforms, stating that these measures will lead to greater savings in citizens.
He also spoke of the development of a robust defense sector and noted that India was building an ecosystem where each component proudly bears the designation “Made in India”. He announced that the AK-203 rifle production would soon start at the new Uttar Pradesh factory, founded in cooperation with Russia.
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Modi emphasized the importance of self -confidence and urged increased investment in research and innovation. He noted that any product that can be made in India should be made in India. Despite global uncertainties and geopolitical tensions, Modi invited international investors and claimed that the Indian growth trajectory remains strong and attractive.
Relations between US and India
The PM Modi statement comes at a time when the relationship of the new Delhi with Washington DC is facing turbulence. Surprise Donald Trump H-1B increase visa fees of $ 100,000 (~ £90 lakh) launched a wave of panic and left technical giants, including meta and Microsoft, on the edge.
India was recorded as the largest H-1B visa recipient last year, which represents 71 percent of approved recipients.
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Trump said at his address at the UN General Assembly that China and India were “primary providers” of the Ukrainian War continuing to buy Russian oil.
Trump’s administration deposited another 25 % of the tariff on the new Delhi for punishment for purchasing Russian oil, with the total benefits imposed on India at 50 percent, among the highest in the world.
India called tariffs stored by American unauthorized and disproportionate.
Meanwhile, RBI said on Wednesday that GST reform will have a positive impact on the Indian economy by promoting the ease of business, reducing retail prices and strengthening drivers of consumption growth.
Regarding 50 % of the US -stored tariff on Indian shipments, the article said its immediate impact may be specific to the sectors, given that approximately 45 percent of exports in Indian goods to the US are exempt from tariffs, including industries representing large export products, especially smartphones and pharmaceutical.
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Despite the increased uncertainty of business policy, however, exports of goods during April 2025-26 have proven resistance.
“While the placement of high American import tariffs brought some headwinds to the domestic macro-outlook, the development has since emphasized the resistance of the economy,” he said, adding that S&P sovereign rating upgrade was a confirmation of its strong macro-function.
(This is an evolving story)
(Tagstotranslate) Atmanirbhar Bharat
