1 week ago
Modi Pitches Deregulation and Reforms as India’s Growth Driver
Prime Minister Narendra Modi said India is trying to keep its economy growing through reforms.
He said India’s stable politics and continuing policies make other countries more confident.
He described India as a bright spot while the world faces worries about growth and resources.
Modi said rules should generally allow activities unless the law clearly bans them.
He praised a program that gives companies incentives when they produce more goods.
He criticized earlier governments’ licensing rules, saying they contributed to shortages and unemployment.
He pointed to cheaper data, mobile-phone production, mapping, border infrastructure and rail projects as examples of change.
He said these reforms should improve government services and make daily life easier.
He also said the government is building trust with citizens and supporting household solar energy.
Prime Minister Narendra Modi said reforms across sectors are central to sustaining India’s growth momentum.
Modi cited political stability and policy continuity as reasons India is viewed as a bright spot for growth and hope.
He proposed shifting regulation from “prohibited unless permitted” to “permitted unless prohibited” where activities are not banned by law.
Modi promoted Production Linked Incentives as a way to reward production, attract investment and create opportunities.
He highlighted changes involving mapping, border infrastructure, digital services, mobile-phone production, Indian Railways, Delhi Metro and Namo Rapid Rail.
- Who
- Prime Minister Narendra Modi and the NDA government.
- What
- Modi presented deregulation, Production Linked Incentives and governance and infrastructure changes as parts of the government’s reform agenda.
- Where
- The Economic Times World Leaders Forum, also referred to as the ET Global Leaders’ Forum; the location was not stated.
- When
- Friday, published August 22, 2026.
- Why
- To sustain India’s growth, improve governance and ease of living, and create opportunities through production and investment.
Modi government’s account
Earlier regimes, as characterized by Modi
Regulation
Modi government’s account
Modi said his government is adopting a “permitted unless prohibited” model and reducing regulation for activities not explicitly banned by law.
Earlier regimes, as characterized by Modi
Modi characterized previous governments as following a “prohibited unless permitted” approach that placed greater restrictions on activity.
Production and employment
Modi government’s account
Modi said Production Linked Incentives reward higher output, attract investment and create opportunities.
Earlier regimes, as characterized by Modi
Modi described earlier licensing policies as a “Production Linked Punishment” model that contributed to unemployment and scarcity.
Government-citizen relationship
Modi government’s account
Modi said current policies are pro-people, pro-growth and pro-development and should build trust rather than suspicion.
Earlier regimes, as characterized by Modi
Modi alleged that previous regimes maintained scarcity, making people dependent on the government for basic needs.
Key facts
- Global outlook
- Modi said India is viewed as a “bright spot of growth and hope” amid global concerns about economic growth and the weaponisation of resources.
- Political conditions
- He cited political stability and continuity in policymaking as factors supporting confidence in India.
- Regulatory approach
- Modi said the government is moving from “prohibited unless permitted” to “permitted unless prohibited.”
- Production incentives
- He said the Production Linked Incentive scheme rewards higher production with incentives and creates opportunities.
- Infrastructure examples
- Modi cited Indian Railways, Delhi Metro, Namo Rapid Rail and border infrastructure as examples of reform and change.
- Mapping and digital services
- He highlighted changed rules for mapping India, the availability of low-cost mobile data and domestic mobile-phone production.
- Welfare and energy
- One article said Modi contrasted promising free electricity with providing free solar energy to households.
Quotes
Narendra Modi
Prime Minister of India
“We are not just changing regulations, we are changing the entire policy of regulations. Our government believes that there should be no regulation for doing something that has not been explicitly prohibited under law.”
thehindubusinessline.com
livemint.com
NDTV
telegraphindia.com
“India continues to take several steps to ensure continued growth momentum. India is pushing ahead with reforms across sectors and reforms are our commitment.”
thehindubusinessline.com
firstpost.com
livemint.com
NDTV
telegraphindia.com
Sources
India has political stability; world sees it as bright spot of growth, hope: PM Modi
A world in flux, India on the rise: PM Modi pitches reforms as growth driver
India moving from 'prohibited' to 'permitted' model to boost growth; world sees it as bright spot: PM Modi
India Has Political Stability, World Sees It As Bright Spot Of Growth: PM Modi
‘Reforms are our commitment’: PM Modi pitches deregulation, contrasts NDA with past regimes
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