Modi at ET Forum: India’s Global Role & Reform Shift
By ThePip Desk
PM Narendra Modi positions India as a global growth ‘bright spot’ at the ET World Leaders Forum 2026, detailing a significant shift from punitive reforms to an incentive-based economic model.
Prime Minister Narendra Modi, addressing the Economic Times World Leaders Forum 2026, highlighted India’s global perception as a “bright spot of growth and hope.” He detailed the nation’s evolving reform strategy, moving towards a new paradigm.
India’s Evolving Reform Model
Modi articulated a significant transition in India’s reform trajectory, specifically a departure from what he termed a “punishment model.” This earlier approach, he explained, was characteristic of previous “licence raj” governments, often imposing restrictions rather than fostering growth.
The current methodology, according to the Prime Minister, has shifted to an incentive-based approach. This modern evolution in governance aims to encourage economic activity through positive reinforcement rather than punitive measures.
Global Interconnectedness and G20 Vision
Beyond domestic policy, the Prime Minister underscored the profound interconnectedness of global futures, asserting that “Nothing is possible in isolation.” This statement emphasized a collective responsibility in addressing worldwide challenges, highlighting the necessity of international cooperation.
He further invoked India’s guiding principle during its G20 presidency, stating “‘One Earth, One Family, One Future’.” This mantra serves as a foundational framework for tackling the multifaceted challenges of the 21st century, promoting unity in global efforts.
This comprehensive perspective, shared at a prominent international forum, reinforces India’s commitment to collaborative global solutions and its ongoing internal economic transformation.