![\"PM](\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2025\/08\/PM-Narendra-Modi-with-Karnataka-CM-Siddaramaiah--d_1754853145450.jpg\" "\\"PM")
PM Narendra Modi with Karnataka CM Siddaramaiah, deputy CM DK Shivakumar, and Union minister Manohar Lal during a Metro ride in Bengaluru on Sunday. (ANI) <\/p>\nIndia is the world\u2019s fastest-growing major economy and is rapidly moving towards becoming a global leader, Prime Minister Narendra Modi said in Bengaluru on Saturday, days after US President Donald Trump described the country\u2019s economy as \u201cdead\u201d amid escalating trade tensions between the two nations.<\/p>\n
PM Narendra Modi with Karnataka CM Siddaramaiah, deputy CM DK Shivakumar, and Union minister Manohar Lal during a Metro ride in Bengaluru on Sunday. (ANI) <\/p>\n
Addressing a public gathering after inaugurating the 19-kilometre Yellow Line of the Bengaluru Metro, Modi said India was on track to become one of the world\u2019s top three economies as he credited the country\u2019s economic momentum to the central government\u2019s \u201creform, perform, transform\u201d approach.<\/p>\n
\u201cIndia is currently the fastest-growing major economy in the world. In the past eleven years, India\u2019s economy has risen from the 10th position to the top five globally and is rapidly progressing towards becoming one of the top three economies,\u201d he said.<\/p>\n
The PM\u2019s endorsement of the country\u2019s economic growth came after Trump, on July 30, announced 25% punitive tariffs on Indian goods entering America for purchasing Russian oil<\/a>. A day later he again targeted India, saying<\/a>, \u201cI don\u2019t care what India does with Russia\u2026 They can take their dead economies down together, for all I care.\u201d<\/p>\n On August 6, he signed an executive order imposing an additional 25% tariff on Indian goods. India has called the American actions \u201cunfair, unjustified and unreasonable\u201d and said it will take all actions necessary to protect its national interests.<\/p>\n In his address, Modi also called for the country to accelerate its self-reliance in the technology sector as he pressed for a stronger \u201cTech Atmanirbhar Bharat\u201d. <\/p>\n \u201cIndian tech companies have made their mark on the global stage. They have built software and products for the world. The time has come to give greater priority to the needs of India. We must move forward in manufacturing new products,\u201d he said.<\/p>\n The statement was in line with his August 2 remarks in which he called on citizens to adopt the spirit of \u201cswadeshi\u201d and support locally made products, stressing that true service to the nation lies in promoting indigenous goods amid global economic uncertainties. <\/p>\n The additional 25% tariffs, due to take effect on August 27, will put Indian exporters at a significant disadvantage compared to their rivals in Bangladesh, Indonesia and Vietnam \u2013 which face tariffs of between 19% and 20%.<\/p>\n In his speech, Modi said that the country\u2019s rapid pace of development was linked to its economic growth as he focused on the rise of the country\u2019s exports. \u201cBefore 2014, India\u2019s total export was $468 billion, but today it is $824 billion. We used to import mobile phones but now we are among the top five exporters of mobile handsets. Our electronic export before 2014 was $6 billion, which has gone up to $38 billion dollars,\u201d Modi said.<\/p>\n He added: \u201dThese achievements give strength to our concept of Atmanirbhar Bharat (self-reliant India). We will march together and build a developed India.\u201d<\/p>\n Karnataka chief minister Siddaramaiah<\/a>, deputy chief minister DK Shivakumar<\/a>, Union ministers Manohar Lal Khattar and Ashwini Vaishnaw were also present on the occasion.<\/p>\n During his visit, the PM also laid the foundation stone for the Bangalore Metro Phase-3 project and flagged off three Vande Bharat Express trains as he underscored the country\u2019s growing infrastructure footprint across sectors by highlighting the increase in the number of metro rail services, railway lines, airports, AIIMS and IITs.<\/p>\n This was the first time Modi visited Bengaluru since Operation Sindoor, India\u2019s military action against terror hubs in Pakistan and Pakistan Occupied Kashmir (PoK) in retaliation to April\u2019s Pahalgam attack, in which 26 civilians were killed.<\/p>\n Modi credited the success of the operation to indigenous defence technologies. \u201cA key factor in the operation\u2019s success was \u2018Make in India\u2019 in defence, which had immense contribution from the youth of Karnataka and Bengaluru,\u201d he said. I congratulate the youth of this state,\u201d he said, adding that Pakistan, which \u201ccame to defend the terrorists\u201d, was forced \u201cto its knees\u201d within hours.<\/p>\n Praising the city\u2019s global standing, he called Bengaluru \u201ca city that has become a symbol of the rise of the new India\u2026 A city that has put India\u2019s flag on the global IT map. If there is anything behind Bangalore\u2019s success story, it is the hard work and talent of its people.\u201d<\/p>\n Siddaramaiah, who spoke before Modisaid the state has been spending more than the Centre on Bengaluru\u2019s metro network, even though the project is meant to be jointly funded.<\/p>\n \u201cWorks for the Bengaluru Metro started in 2005 when Dr Manmohan Singh was the Prime Minister, and the agreement was to take up works in a 50:50 fund ratio. However, the state\u2019s contribution to building the metro is high,\u201d he said, urging the Centre to match Karnataka\u2019s funding model with that of Maharashtra and Gujarat.<\/p>\n In response, Modi called for cooperation over political rivalry. \u201cWhether it is the central government or the state government, all are committed to serving the people,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"India is the world\u2019s fastest-growing major economy and is rapidly moving towards becoming a global leader, Prime Minister…\n","protected":false},"author":2,"featured_media":74301,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[53002,28,2447,101,53001,2344,45045],"class_list":["post-74300","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-bengaluru-metro","tag-business","tag-economic-growth","tag-economy","tag-fastest-growing-economy","tag-india","tag-prime-minister-narendra-modi"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/74300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=74300"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/74300\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/74301"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=74300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=74300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=74300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}