Prime Minister Narendra Modi on Thursday extended a warm invitation to global investors to become a part of India’s economic and technological growth, calling the country the fastest-growing large economy in the world, reported the PTI.
Addressing the Global Fintech Fest 2025 in Mumbai, PM Modi said India’s fintech ecosystem is receiving global recognition, and the country is not only exporting technology but also empowering partner nations to develop their own capabilities.
“Technology is not just a matter of convenience; it is a means of equality,” PM Modi remarked, highlighting the transformative power of digital innovation in India’s banking and payment systems.
He credited India’s digital revolution to the JAM Trinity, Jan Dhan, Aadhaar, and Mobile, which, he said, has made banking and digital payments accessible to even the most marginalised.
“Digital payments have become a part of everyday life in India. What was once a privilege is now a powerful tool for empowerment,” he said, according to the PTI.
PM Modi stressed that the goal of fintech innovation must be more than economic growth.
“We must build a fintech ecosystem where technology, people, and the planet can prosper together. Finance should not merely be about numbers, but also about human progress,” he said.
Reaffirming India’s commitment to global cooperation, PM Modi welcomed countries, including the United Kingdom, to forge deeper partnerships with India.
“I invite all countries, including the UK, to partner with India. Global investors are welcome to be part of India’s growth journey,” PM Modi stated, as per the PTI.
PM Modi also said that Mumbai is the city of enterprise and a city of endless possibilities. “I welcome my friend, Prime Minister Keir Starmer, to Mumbai. I thank him for taking time out of his busy schedule to attend the Global Fintech Festival,” he said, the ANI reported.
Speaking at the India-UK CEO Forum earlier in the day, PM Modi said Comprehensive Economic and Trade Agreement (CETA) between the two countries is not just a trade agreement, but a roadmap for shared progress, shared prosperity between the world`s two largest economies.
“Today, our bilateral trade is approximately USD 56 billion. We have set a target of doubling it by 2030. I am confident that we can achieve this target ahead of time: PM Modi at the India-UK CEO Forum in Mumbai,” he said.
Also addressing the event, British Prime Minister Keir Starmer expressed optimism over the India-UK Free Trade Agreement (FTA), stating that it will significantly boost GDP in both countries and strengthen bilateral economic ties.
(with PTI and ANI inputs)