'India Is Mother of Democracy', Spotlights Unified Tech & 25 Cr Lifted From Poverty
Addressing the inaugural Indian edition of the prestigious Bloomberg New Economy Forum in New Delhi on Tuesday, Prime Minister Narendra Modi emphasized that the entire world is now focusing intently on India’s accelerating economic credentials. Welcoming global corporate executives, investors, and technology innovators to the premier international gathering convened on Indian soil for the very first time, the Prime Minister framed the nation's rising stature as a fusion of millennia-old values and modern technological governance. Highlighting India's vibrant pluralism, PM Modi declared the country to be the authentic "Mother of Democracy," underscored by an expansive civic and intellectual landscape encompassing over 100 languages, nearly 80,000 registered newspapers and publications, more than 1,000 satellite television channels, and an active digital citizenry exceeding 500 million YouTube users who participate in vibrant public deliberations across sects, philosophies, and ideas.
Experience Inclusive Innovation: From Street Carts to Luxury Showrooms on One Digital Stack
Extending a direct invitation to the attending foreign dignitaries, Prime Minister Modi urged international delegates to personally experience India's revolutionary digital payments ecosystem during their stay. He pointed out that while a modest street vendor and a luxury automobile showroom operate on vastly different commercial models and balance sheets, both seamlessly rely upon the very same indigenous digital payment platform to transact business daily. Describing this universal digital architecture as the ultimate manifestation of inclusive technology, the Prime Minister observed that India has demonstrated how digital public goods can eliminate traditional market friction, dismantle long-standing barriers, and provide equal technological empowerment to every segment of society.
Democratizing Data and Wealth: Lifting 25 Crore Citizens Out of Poverty in a Decade
Reflecting on the deeper philosophy of statecraft, Prime Minister Modi stated that the defining test for institutions and governments possessing knowledge, wealth, and power is the ultimate purpose for which those assets are deployed. Reaffirming that India's thousands-of-years-old cultural tradition teaches that the true value of power lies in its benevolent application, he argued that modern innovations such as data, technology, and artificial intelligence remain incomplete if their gains are monopolized by a privileged few. He emphasized that the primary mission of governance must never be to make citizens indefinitely dependent on the administrative apparatus, but to decisively build their inherent capacities. Guided by this empowerment doctrine, the Prime Minister revealed that India has successfully lifted 250 million (25 crore) people out of poverty over the past decade alone, orchestrating an economic transformation that surpasses the total population of many major global economies.
