Prime Minister Narendra Modi recently addressed the Rajya Sabha, stating that the world is rapidly shifting to a new global order with growing trust in India. He highlighted India’s rise as a reliable partner amid global changes. Modi noted the world is transitioning post the post-WWII order, with nations leaning towards India as a “Vishwabandhu” (friend of the world). He pointed out major economies’ eagerness for deeper trade ties, crediting India’s policy clarity and “reform, perform, transform” approach.
India has signed future-ready trade deals with nine key countries recently, including a landmark pact with the European Union (covering 27 nations) and the United States. These agreements boost global stability and India’s growth momentum.
From the “Fragile Five” label earlier, India now ranks as the fifth-largest economy, racing towards third. It combines high growth (around 7% projected) with low inflation, backed by falling NPAs, profitable PSUs, and a young demographic dividend unlike ageing developed nations.
Modi emphasized India’s voice for the Global South, strategic partnerships, and rapid development strides last year, positioning the nation for a “Viksit Bharat” by mid-century.
FAQs [Frequently Asked Questions]
1. What new global order did PM Modi mention?
The world is moving from the post-WWII system to a new one where India gains trust as a stable partner, with major nations seeking trade and cooperation.
2. How many trade deals did India sign recently?
Nine major deals, including with the EU (27 countries) and US, praised globally for enhancing stability and growth.
3. What is India’s economic status per Modi?
Fastest-growing major economy, shifting from Fragile Five to top 3 contender, with low inflation and demographic strength.
4. Why is global inclination towards India rising?
India’s reliable partnerships, trade pacts, Global South leadership, and reforms make it a key player in the changing order.