PM Modi in Malaysia: India's Defense Exports Surge 30-Fold in Decade.

Prime Minister Narendra Modi, during his official visit to Malaysia, addressed a gathering of the Indian diaspora in Kuala Lumpur, outlining the significant milestones achieved by India over the past decade. The Prime Minister emphasized India's transition from the 11th largest economy to its current trajectory toward becoming the world's third-largest economy. He noted that the nation's progress is driven by structural reforms and a focus on self-reliance across critical sectors.

Exponential Growth in Defense Exports and Manufacturing

According to the Prime Minister, India's defense exports have witnessed a staggering 30-fold increase since 2014. This growth signifies India's evolving role from a major importer to a significant exporter of defense equipment. Plus, PM Modi highlighted the success of the 'Make in India' initiative, stating that India has now become the second-largest mobile phone manufacturer globally. He contrasted this with the situation in 2015, noting that the manufacturing sector has matured into a global powerhouse over the last nine years.

Leadership in Digital Infrastructure and Fintech

The Prime Minister elaborated on India's digital transformation, stating that the country has built the world's largest digital public infrastructure, while he highlighted the success of the Unified Payments Interface (UPI), noting that nearly half of the world's real-time digital transactions now take place in India. This digital leap has positioned India as the world's largest fintech ecosystem and the third-largest startup hub, fostering a culture of innovation and entrepreneurship that's being recognized globally.

Global Trade Relations and Economic Trust

Addressing international relations, PM Modi mentioned India's recent trade agreements with major economies, including the United Kingdom, the European Union, and the United States. He stated that 'trust' has become India's strongest currency in the international market, attracting global interest and investment, while the Prime Minister noted that these partnerships are a testament to India's growing influence and its commitment to maintaining stable and mutually beneficial economic ties with the global community.

Vision for Developed India 2047

4 billion Indians to transform the nation into a 'Viksit Bharat' (Developed India) by 2047. He acknowledged the Indian diaspora as vital partners in this developmental journey, while the Prime Minister emphasized that regardless of their place of birth, the diaspora remains deeply connected to India's progress and continues to play a crucial role in enhancing India's global reputation through their achievements and contributions.