NEW DELHI — Prime Minister Narendra Modi told global investors and policymakers that India can provide reliability at a time when wars, tariffs and controls over critical minerals are disrupting international supply chains. Speaking at the Bloomberg New Economy Forum, he said the central question before the world was whether essential supplies would remain available “in times of need.”
Modi said artificial intelligence had added to uncertainty by turning systems that once connected countries into tools that can be “weaponised.” He argued that India’s growth trajectory and economic openness made it a stable destination for global capital.
His address followed an upgraded International Monetary Fund forecast that puts India’s growth at 7 per cent for fiscal 2027, up from 6.4 per cent in July. The IMF attributed the resilience to strong domestic demand and services activity, even as higher oil prices pressure inflation and the rupee.
The prime minister spoke as protests continued in New Delhi over a sweeping revision of voter rolls. A student-led movement has joined opposition politicians, who filed a petition in the Supreme Court on Oct 12 seeking intervention over alleged irregularities in the electoral revision.
Modi avoided direct comment on the demonstrations, instead describing India as the “mother of democracy” and pointing to its linguistic diversity, nearly 80,000 registered publications and more than 1,000 satellite television channels as signs of an open public sphere.