Archive · 15 Aug 2026
PM Modi targets 50 Indian companies in Fortune 500
On Independence Day, India's leader, Prime Minister Modi, made a big speech from the ramparts of the Red Fort.
He said India has big dreams and wants to become a very successful country.
He wants 50 Indian companies to join the Fortune 500, the list of the world's biggest companies.
He also wants an Indian bank to be one of the best banks in the world.
He dreams of an Indian medicine company being among the top five in the world.
Mr. Modi said India has grown a lot in the past 12 years, going from being called the 'Fragile Five' to the world's fastest-growing big economy.
He said making defence equipment, electronics, and railway coaches has increased many times.
He shared the dream of India becoming a developed country by the year 2047.
He believes 140 crore Indians working together can make all these dreams come true.
PM Modi set a target of featuring 50 Indian companies among Fortune 500 companies.
He also called for an Indian bank among top global banks and an Indian pharma company in the world's top five.
Modi said India has transformed from the 'Fragile Five' to the world's fastest-growing major economy in 12 years.
He outlined the vision of building a Viksit Bharat (Developed India) by 2047, powered by 140 crore Indians.
He noted defence production grew fourfold, electronic manufacturing sevenfold, railway coach production 21-fold, and digital transactions 100-fold.
- Who
- Prime Minister Narendra Modi
- What
- Set ambitious targets including 50 Indian companies in the Fortune 500, an Indian bank among top global banks, and outlined India's economic growth and the vision of a Developed India by 2047
- When
- Saturday, August 15, 2026 (Independence Day)
- Where
- The ramparts of the Red Fort
- Why
- To raise India's ambition and push the country towards becoming a developed nation by 2047
- Corporate target
- 50 Indian companies in Fortune 500
- Banking target
- Indian bank among top global banks
- Pharma target
- Indian pharma company in world's top five
- Vision
- Viksit Bharat (Developed India) by 2047
- Speech date
- August 15, 2026
- Semiconductor
- 3 plants producing; 5-8 more expected
- Digital transactions growth
- Expanded 100 times in 12 years
- Population
- 140 crore Indians