New Delhi: Speaking on Friday about rising regional conflicts in Ukraine and West Asia, Prime Minister Narendra Modi expressed confidence in India’s economic outlook, suggesting that the world was optimistic about an “Indian era” amid significant transformation over the past decade. “These regions are vital for the global economy and energy security. Despite global uncertainties, we are talking about the Indian era, which reflects a unique confidence in and within India,” he said during the Kautilya Economic Conclave, addressing leading global economists.

Although India has largely been shielded from the growing military tensions, PM Modi implied that India could continue its growth trajectory, even as these conflicts threaten broader regional confrontations. He stopped short of explicitly saying the crises presented opportunities for India.

In a characteristically optimistic speech, PM Modi reaffirmed his commitment to aggressive reforms, emphasizing that policymakers are working not only to secure India’s position at the top but also to maintain it. “Last year, we exceeded all expectations. Institutions like the World Bank, IMF, and Moody’s have all upgraded their growth projections for India, forecasting over 7% growth despite global uncertainty. Indians are confident we will outperform even this,” he said, noting that India has become a preferred global investment destination, particularly in the manufacturing and service sectors.

PM Modi also highlighted the government’s ongoing efforts, including the Insolvency and Bankruptcy Code (IBC), banking reforms, GST, and liberalization of FDI. He stressed that collaboration with state governments is key to improving processes, a point he has raised with chief ministers. Additionally, he pointed to the green economy as a sector with substantial investment potential.