Prime Minister Narendra Modi is delivered a keynote address at the ‘India Ideas Summit 2020’ today. The summit is being organised by the US-India Business Council. This year marks the 45th anniversary of the formation of the US-India Business Council. The theme for this year’s India Ideas Summit is ‘Building a Better Future’.
The virtual Summit is featuring high-level presence from Indian and US government policymakers, state-level officials, and thought leaders from business and society.
Beside PM Modi, other key speakers at the Summit include India’s External Affairs Minister S Jaishankar, US Secretary of State Mike Pompeo, among others. The Summit will witness discussions on areas including India-US cooperation and future of the relation between the two counties in a post pandemic world.
Addressing the Summit, PM Narendra Modi said it has taken a global pandemic to remind us how important resilence is.
PM Modi said the recent experience has taught the world that the global economy has been too focused on efficiency and optimisation. “Efficiency is a good thing. But, on the way, we forgot to focus on something equally important. That is resilience against external shocks,” PM Modi said.
“Global economic resilience can be achieved by stronger domestic economic capacities. This means improved domestic capacity for manufacturing, restoring the health of the financial system and diversification of international trade,” Prime Minister Narendra Modi said in his address to the India Ideas Summit.
Addressing the Summit, PM Modi said today there is global optimism towards India. He said this is because “India offers a perfect combination of openness, opportunities and options”.
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“Let me elaborate. India celebrates openness in people and in governance. During the last six years, we have made many efforts to make our economy more open and reform oriented. Reforms have ensured increased competitiveness, enhanced transparency, expanded digitisation, greater innovation and more policy stability,” he said.