- Outlines transformative work across the nation to uplift business sentiment, highlights speed of economic reforms
- Swamitva Yojna unlocking credit worth 100 lakh crore for rural households enabling employment generation and entrepreneurship
- 25 crores people come out of poverty providing a boost to the automobile & real estate industries
- Profit of public sector banks swells to 1.25 lakh crores in the April-December 2024 period
- Announces De-regulation commission to reduce Government involvement in society, commits to further reduction in compliances to increase ease of doing business
- Opens the nuclear sector for private participation
Mumbai: Addressing the August gathering of businessmen, entrepreneurs, and foreign dignitaries Hon’ble Prime Minister Narendra Modi took the stage as a chief guest at the 9th edition, The Times Group ET NOW Global Business Summit 2025 being held at Hotel Taj Palace. He was welcomed by Vineet Jain, MD, The Times Group.
The Prime Minister informed that the government’s transformative reforms are driving economic momentum and boosting business sentiment. “In India’s journey towards becoming a Viksit Bharat, our government sees the private sector as a key partner, " he said. The PM reminded the audience that whatever he had promised in the last Summit, he has fulfilled all of them and that is the importance of The Global Summit.
"India's robust economic reforms, especially in the banking sector are yielding results. Public sector banks have recorded a historic profit of ₹1.25 lakh crore in April–December 2024. To further enhance ease of doing business, we are launching a Deregulation Commission to reduce government involvement and simplify compliance for businesses," he assured the gathered delegates from all over the world.
He further added that the private sector is very important for Viksit Bharat. “Encouraged by the response to the opening of the space sector, I now announce the opening up of the nuclear energy sector for private participation. This will enable the private sector to participate more aggressively in the nation's growth story,” he added.
Talking about the robust banking system in the country, the PM said that a decade ago, India's banking system was in crisis, millions of people were outside the formal banking network, and access to credit was a challenge. “Today, we have transformed the landscape, ensuring financial inclusion for all. What was once considered impossible is now a reality, with banking services reaching every corner of the nation,” he reiterated. “Banking the unbanked, Securing the unsecured, and funding the unfunded, this is our strategy,” he added.
The Times Group ET NOW Global Business Summit 2025 kicked off with an impactful inaugural session, marking the beginning of important conversations around India’s role in the global economy. Leaders focused on India’s strengths in innovation, entrepreneurship, and self-reliance, underlining the summit's theme, ‘Evolve, Emerge, Expand,’ which sets the stage for forward-thinking discussions that will influence industries, economies, and societies.