PM Modi champions India’s economic growth and fintech leadership at GIFT City conference

In his inaugural address at the ‘Infinity Forum 2.0’ conference held at the GIFT City on December 9, Prime Minister Narendra Modi highlighted India’s impressive economic growth, citing a GDP growth of 7.7% in the first six months of the current fiscal year. Emphasizing that this achievement is not a standalone occurrence, Modi attributed it to the robust economy and transformative reforms implemented over the past decade.

“In the first six months of this financial year, India has achieved a GDP growth of 7.7 per cent…Today, the entire world has pinned its hopes on India, and this did not happen just on its own. This is a reflection of India’s strengthening economy and also the transformative reforms carried out in the last 10 years,” Modi said in his address.


GIFT-IFSC, known for its tax-neutral status and designed to compete with international financial hubs like Singapore, provides fiscal incentives and a flexible regulatory environment.”GIFT IFSC is an efficient channel to make India a low-carbon economy and get the required green capital flow. Issuance of financial instruments such as green bonds, sustainable bonds, and sustainability-linked bonds will help the world,” Modi said.He said India wants to expand the role of GIFT City to make it a new-age financial services and technology nerve centre.

In a moment of cultural pride, Modi congratulated the people of Gujarat for the inclusion of the state’s traditional Garba dance in UNESCO’s ‘Representative List of the Intangible Cultural Heritage of Humanity.’ This recognition reflects the rich cultural tapestry of the region and adds to India’s global cultural heritage.