Modi Highlights India's Political and Economic Stability at India-Japan Forum in Tokyo
Modi Highlights India's Political and Economic Stability at India-Japan Forum in Tokyo
Prime Minister Narendra Modi used a major economic platform in Tokyo to underline India's political and economic stability and to reiterate New Delhi's ambition to become the world's third-largest economy in the near future. His remarks came amid heightened trade tensions between India and the United States after Washington sharply raised tariffs on a range of Indian goods.
“Today, India has political stability, economic stability, transparency in policy, and predictability. Today, India is the fastest-growing major economy in the world. And, very soon, it is going to become the third largest economy in the world,” Modi said at the India-Japan Economic Forum in Tokyo.
Modi stresses growth, predictability and investor returns
At the forum, the prime minister outlined the government’s narrative of reform and performance, saying that capital in India not only grows but multiplies. He highlighted broad economic progress over the last decade, pointing to reforms aimed at improving transparency and predictability for investors.
“You are all aware of the growth and transformation that have taken place in India over the last 11 years…. We contribute 18% to global GDP, and our markets are delivering strong returns. Our approach of reform, transform, and perform is driving all this progress,” Modi said, framing India as an attractive destination for long-term capital.
Context: US tariffs and trade tensions
Modi’s comments come shortly after a significant escalation in trade measures by the United States. In a move that U.S. officials said was linked to India’s recent purchases of Russian oil, Washington raised tariffs on certain Indian exports to as high as 50 percent — the steepest rate imposed on any U.S. trading partner alongside Brazil.
Analysts have warned that such punitive tariffs could hurt India’s export growth and affect jobs in affected sectors, but Modi used the Tokyo platform to stress that India’s economic fundamentals and policy clarity make the country resilient to external shocks.
What India is selling to investors
During his address, Modi emphasized several selling points for foreign investors: stable politics, consistent economic policies, transparent decision-making and predictable regulation. He argued these factors, combined with India’s rapid growth, offer investors reliable returns over time.
His message was aimed at strengthening ties with Japanese businesses and global investors at a time when geopolitics and trade disputes are reshaping supply chains and investment flows in Asia.
In Tokyo, Mr. Modi presented India as a politically stable, economically steady and investment-friendly nation — a narrative intended to reassure global investors after recent trade frictions. Whether higher U.S. tariffs will significantly dent India’s growth outlook remains a topic of debate among economists, but New Delhi is clearly seeking to use high-level forums to reaffirm its growth story and attract capital.
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