PM Modi said India’s 7.8% GDP growth amid global conflicts and supply-chain disruptions reflects resilient economic fundamentals and growing global confidence. He hailed UPI’s decade-long success and urged fintech firms to expand its international reach while embracing Agentic AI, tokenisation and quantum computing, with stronger cybersecurity, data protection, regulation and consumer safeguards.
Mumbai: Delivering a strong rebuttal to economic critics amid global volatility, Prime Minister Narendra Modi declared on Tuesday that India’s robust 7.8% GDP growth rate demonstrates resilient economic fundamentals and instils "new trust" worldwide.
Addressing the inaugural session of the Global Fintech Fest (GFF), PM Modi emphasised that this expansion was achieved despite severe global supply chain disruptions and geopolitical conflicts.
Highlighting the recent economic performance, the Prime Minister noted that the April–June quarter posed major hurdles worldwide due to mounting pressure on energy and commodity supply chains.
"The world is going through a phase of conflicts and uncertainties. Even within this, the quarter from April to June has been the most challenging. And within that, when India grows at 7.8%, the world gains a new confidence," PM Modi said, presenting the performance as a testament to the nation's internal resilience and policy direction.
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