Prime Minister Narendra Modi urged foreign companies to invest in India on Tuesday, highlighting the nation's trajectory of growth and development.
The appeal comes as India seeks to maintain its position as a global investment hub. While the government emphasizes stability, some analysts suggest the country's growth story is facing its toughest test as its appeal to investors fluctuates.
Speaking in New Delhi, Modi focused on the progress made over the last 12 years [1]. He said this period was a strong foundation for a developed India, noting that the government has prioritized the needs of the country in its policy decisions.
"We made the country's needs the foundation of our policies and decisions, adopting a fresh mindset to take new initiatives," Modi said. "Our focus was clear: no one should be left behind in this race for development."
The Prime Minister specifically invited European firms to participate in India's economic expansion. He said the government is committed to a fast-paced agenda of structural changes to make the business environment more attractive.
"The reform express is moving at full speed," Modi said.
Modi's pitch to international business leaders, including Swedish companies, highlighted five key potential areas for cooperation. By showcasing a decade of reforms, the administration aims to signal to the global market that India remains open for business and capable of sustaining long-term growth.
This push for investment follows a series of domestic policy shifts intended to streamline bureaucracy and encourage manufacturing. The administration believes that the groundwork laid over the previous 12 years [1] provides the necessary stability for foreign entities to scale their operations within the Indian market.
“"The reform express is moving at full speed."”
This push for foreign capital reflects India's strategic effort to transition from a developing economy to a developed one. By framing the last 12 years as a foundational period, Modi is attempting to counter narratives that India's growth is slowing. The focus on European firms suggests a diversification of investment sources to ensure economic resilience against regional volatility.
