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Global agencies’ faith in India is driven by strong democracy: PM Modi

Published

3 years ago

2023/01/22

(ANI) Indian Prime Minister Narendra Modi says that “optimism” about the Indian economy expressed by various global agencies is driven by the country’s “strong democracy, young demography and political stability”.

Addressing the inaugural session of the Madhya Pradesh Global Investors’ Summit in Indore, Modi said the state’s role will be crucial in the making of a developed India.

Citing observations of several global agencies, such as the International Monetary Fund (IMF) and the World Bank, Modi said institutions and credible voices that track the global economy have shown unprecedented confidence in India.

“This optimism for India is driven by a strong democracy, young demography and political stability. Due to these, India is taking decisions that boost the ease of living and ease of doing business. Even during a once-in-a-century crisis, we took the path of reforms. India has been on the path of ‘reform, transform and perform’ since 2014,” he said.

Modi pointed out that the IMF sees India as a “bright spot” in the global economy, while the World Bank says the country is in a better position to deal with global headwinds than many other countries. “This is because of India’s strong macroeconomic fundamentals,” he added.In its World Economic Outlook released last October, the IMF projected a growth rate of 6.8 per cent in 2022 as compared to 8.7 per cent in 2021 for India. Modi said that the optimism is shared by global investors as well.

“Even your [delegates] presence among us reflects this sentiment,” he said.

Business leaders who were present at the inaugural session include Tata Sons chairperson N Chandrasekaran, Lulu Group chairman M A Yusuff Ali, and Adani Enterprises director Pranav Adani.

“The value of our ongoing projects is around Rs 27,500 crore. We are operational in the power, gas, cement, roads, agricultural processing, defence and irrigation sectors. I am delighted to announce that not only will we continue our investments in all these sectors, but we will also significantly expand our presence in MP. Our commitment to the state will see us investing in excess of Rs 60,000 crore in a wide variety of projects and sectors,” said Adani.

The PM also appealed to investors to take “maximum advantage” of the Production Linked Incentive (PLI) schemes, under which incentives worth more than Rs 2.5-lakh crore have been announced so far. Madhya Pradesh, said the PM, holds a place of uniqueness, magnificence and awareness (ajab, ghazab, sajag), playing on a popular catchphrase of state tourism.

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Advisory for Severe Lightning issued for all provinces of Sri Lanka

Published

2 hours ago

2026/04/20

Priyan

Advisory for Severe Lightning
Issued by the Natural Hazards Early Warning Centre
Issued at 12.00 noon 20 April 2026 valid for the period until 11.00 p.m. 20 April 2026

Thundershowers accompanied with severe lightning are likely to occur most places in the island after 1.00 p.m.

There may be temporary localized strong winds during thundershowers. General public is kindly requested to take adequate precautions to minimize damages caused by lightning activity.

ACTION REQUIRED:

The Department of Meteorology advises that people should:

 Seek shelter, preferably indoors and never under trees.

 Avoid open areas such as paddy fields, tea plantations and open water bodies during thunderstorms.

 Avoid using wired telephones and connected electric appliances during thunderstorms.

 Avoid using open vehicles, such as bicycles, tractors and boats etc.

 Beware of fallen trees and power lines.

 For emergency assistance contact the local disaster management authorities.

News

Indian Vice President C.P. Radhakrishnan meets Prime Minister

Published

3 hours ago

2026/04/20

Priyan

The Vice President of India, C.P. Radhakrishnan, who is currently on a two-day official visit to Sri Lanka, held a bilateral discussion with Prime Minister Dr. Harini Amarasuriya on Sunday (19) morning at Temple Trees.

Upon his arrival at Temple Trees, the Indian Vice President was received by Prime Minister Dr. Harini Amarasuriya. The Prime Minister also extended her congratulations to C.P. Radhakrishnan on his appointment as the Vice President of India.

During the meeting, the Vice President noted that this is his first official visit to Sri Lanka and expressed his appreciation for the warm welcome and hospitality extended to him during his stay.

The occasion was attended by the Minister of State for Fisheries, Animal Husbandry and Dairying, Prof. S.P. Singh Baghel; Members of Parliament Dr. K. Laxman and Dr. Medha Vishram Kulkarni; Foreign Secretary Vikram Misri; and the High Commissioner of India to Sri Lanka, Santosh Jha, and representing the Government of Sri Lanka the Minister of Foreign Affairs, Foreign Employment and Tourism Vijitha Herath; Minister of Sports Sunil Kumara Gamage; Minister of Women and Child Affairs Saroja Savithri Paulraj; Secretary to the Prime Minister Pradeep Saputhanthri; Secretary to the Ministry of Finance Harshana Suriyapperuma; Secretary to the Ministry of Education Nalaka Kaluwewa; and several other officials.

[Prime Minister’s Media Division]

Latest News

Heat Index at ‘Caution level’ in the Northern, North-central, North-western, Western, Sabaragamuwa, Eastern and Southern provinces and in Monaragala district

Published

15 hours ago

2026/04/20

Priyan

Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre
Issued at 3.30 p.m. on 19 April 2026, valid for 20 April 2026.

The Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in the Northern, North-central, North-western, Western, Sabaragamuwa, Eastern
and Southern provinces and in Monaragala district.

The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.

Effect of the heat index on human body is mentioned in the above table and it is prepared on the advice of the Ministry of Health and Indigenous Medical Services.

ACTION REQUIRED
Job sites: Stay hydrated and takes breaks in the shade as often as possible.
Indoors: Check up on the elderly and the sick.
Vehicles: Never leave children unattended.
Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated.
Dress: Wear lightweight and white or light-colored clothing.

Note:
In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry of Health in this regard as well. For further clarifications please contact 011-7446491.