Lagatar24 Desk
Tokyo: Prime Minister Narendra Modi on Friday said that the world is not just watching India but also placing its trust in the country. Addressing the India-Japan Economic Forum in Tokyo, he underlined Japan’s vital role in India’s growth journey, citing Japanese investments of over $40 billion in sectors ranging from metro rail to manufacturing, semiconductors, and startups.
India’s Economic Growth Story
PM Modi stressed that India is the fastest-growing major economy and is poised to become the world’s third-largest economy soon. He said, “In India, capital not only grows but multiplies many times. Our partnership with Japan is both strategic and smart. Together, we are turning shared interests into shared prosperity.” He added that India serves as a springboard for Japanese business in the Global South, and the two countries can jointly shape an “Asian century” of stability, growth, and prosperity.
Technology and Green Energy Collaboration
Highlighting the synergy between “Japan’s excellence and India’s scale,” Modi pointed to ambitious initiatives in AI, semiconductors, quantum computing, biotechnology, and space. He said Japan’s technology and India’s talent could lead the century’s technological revolution. Both countries signed an agreement to create a joint lending framework for cooperation in clean fuel and green energy. Modi also announced that India is opening the nuclear energy sector to private players, expanding cooperation beyond defence and space.
India’s Reform and Stability Framework
The Prime Minister attributed India’s transformation to a philosophy of “reform, perform, and transform,” noting that India is now recognised for political stability, economic strength, transparency, and policy predictability. After the event, he posted on X, highlighting his special address and praising Japanese Prime Minister Shigeru Ishiba’s presence, which underscored the importance of bilateral economic ties.
