India grows ‘with the world, not at anyone's cost’, cites strong economic fundamentals, says PM Modi

Prime Minister Narendra Modi on Tuesday (October 13, 2026) said India's economic growth was anchored in strong fundamentals and a sustained reform drive, declaring that the country sought to expand its global economic influence through shared prosperity rather than at the expense of other nations.

"We do not grow at anyone's cost. We grow with the world. And for the world," Mr. Modi said, pitching India as a reliable economic partner amid geopolitical tensions, trade disruptions and growing competition over critical technologies and resources.

Addressing an Bloomberg Economic Forum, he cited the country's 7.8% economic growth in the April-June quarter, foreign-exchange reserves exceeding $700 billion and reforms spanning taxation, insolvency and labour laws as evidence of its resilience. "In this world full of uncertainties, India inspires reliability and stability," he said.

"This year, in the April to June quarter, India's economic growth was 7.8%. And this growth is taking place on a strong foundation," he said citing strong macroeconomic fundamentals, including drastic reduction in India's current account deficit from over 4% 12-13 years back to about half a per cent now.

Mr. Modi argued that economic and technological strength should be measured not merely by the power a country commands, but by how effectively it creates opportunities for others. "The real question is not who has the power. The real question is, how is this power being used?" he said, summarising his approach as "power to empower".