NEW DELHI — Prime Minister Narendra Modi addressed the World Leaders Forum, detailing India’s transition from legacy regulatory constraints to an incentive-focused, growth-oriented policy model.
The Prime Minister emphasized that political stability and policy continuity have positioned India as a global “bright spot of growth.” Highlighting structural reforms across manufacturing, infrastructure, and technology, he contrasted previous restrictive frameworks with current trust-based governance initiatives designed to streamline enterprise and elevate the nation’s economic trajectory.
Key Policy & Economic Highlights
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Regulatory Mindset Shift: Transitioned the core policy framework from “prohibited-unless-permitted” to “permitted-unless-prohibited.”
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Incentive-Driven Growth: Replaced historic Production-Linked Punishment (PLP) models with Production-Linked Incentive (PLI) schemes to stimulate domestic manufacturing and job creation.
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Compliance Overhaul: Focused on deregulating key sectors, decriminalizing minor offenses under the Jan Vishwas framework, and dismantling thousands of redundant compliances.
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Infrastructure & Digital Expansion: Highlighted major modernization efforts across Indian Railways, urban transit networks, border infrastructure, and digital communications infrastructure.
