Prime Minister Narendra Modi presented the vision of empowering common people through technology, data and knowledge at the Bloomberg New Economy Forum held in Delhi. He said that the aim of India's progress is not only to move ahead but also to create opportunities for the world. PM Modi stressed on proper use of power, global cooperation and inclusive development.
Tezzbuzz Desk– Prime Minister Narendra Modi addressed the Bloomberg New Economy Forum held in Delhi on Tuesday, October 13. During this, he put forward the concept of 'Power to Empower'. He said that today technology, data, knowledge and innovation have become major sources of power. In such a situation, the most important question is whether they will be used only for the benefit of a few people or through them new opportunities will be created for crores of people.
PM Modi welcomed the organization of Bloomberg New Economy Forum for the first time in India. He praised the Forum's founder Michael Bloomberg and said that he has chosen the right place at the right time for this event. According to the Prime Minister, organizing such a global forum in India is important to discuss economic and development related issues.
In his address, the Prime Minister said that India believes in moving forward together with the world and in the interest of the world. Whenever the global community needs cooperation, India comes forward to fulfill its responsibility. He said that India does not progress by harming others nor does it give priority to taking credit for its efforts.
Referring to initiatives like International Solar Alliance and Coalition for Disaster Resilient Infrastructure, PM Modi said that India has contributed in creating such global platforms whose benefits can be availed by a wide range of people. He linked these initiatives to shared global interests and the spirit of cooperation.
The Prime Minister said that a change in the way of looking at development and power is necessary. Empowerment should be given instead of control, collaboration should be given instead of competition, and the spirit of making others successful rather than personal success. He said that the real importance of knowledge, wealth and power is determined by the purpose for which they are being used.
PM Modi also said that the idea of meaningful use of power is not new to India. In the thousands of years old tradition of the country, emphasis has been laid on the use of knowledge, wealth and power in the public interest. He said that India has tried to adopt this thinking in its governance system and working style also.
The eighth edition of the Bloomberg New Economy Forum is expected to bring together more than 500 influential government and private sector leaders from around the world. Organized on the theme 'A World in Play: Defining the New Levers of Power', the forum will discuss the changing geopolitical landscape, global risks, new opportunities and future economic prosperity.
The Prime Minister said that India is today at an important stage of its development journey. The country is now emerging not only as an investment hub but also as a trusted partner shaping the global future. Working towards the goal of a developed India, India is trying to contribute to global development and a balanced economic system.