Overview
- He said the economy averaged 8.2% growth from 2021–22 to 2024–25 and cited NSO projections of 7.4% real GDP growth in 2025–26, with India expected to contribute about 18% of global growth.
- He described Atmanirbharta as a plan to build capacity in critical goods and technologies at home, rejecting isolationism.
- He outlined a base of stability, reforms and schemes, citing GST, the Insolvency and Bankruptcy Code, RERA, flexible inflation targeting, recently notified labour codes, and fiscal consolidation with general government debt down to 81.6% of GDP in 2024–25 from 88.4% in 2020–21.
- He said targeted programs such as production-linked incentives, the National Critical Minerals Mission and the Electronic Component Manufacturing Scheme are designed to deepen domestic capabilities.
- He warned that multilateral systems and supply chains face strain from protectionism and fragmentation, stressing India’s support for a rules-based order alongside proactive partnerships to secure national interests.