Prime Minister Modi said India's economic growth is underpinned by political stability and continuity in policy. He contrasted today's Production-Linked Incentive scheme, which he said attracted actual investment of about 2.5 lakh crore rupees and created over 14 lakh jobs, with the earlier 'Production-Linked Punishment' model under the License Raj. He touted governance reforms: over 4,000 compliances removed, more than 1,500 old laws abolished, and a shift from 'prohibited unless permitted' to 'permitted unless prohibited'. He cited railway upgrades, including a 90% drop in train accidents and 99.9% punctuality on the Delhi-Meerut Namo Bharat Rapid Rail. He highlighted deregulation of geospatial data, nuclear liability reform opening private-sector nuclear energy, defense exports up 55 times since 2014, and digital services including 50 crore e-Sanjeevani teleconsultations and 50 lakh families under the PM Surya Ghar Muft Bijli Yojana.
| Figure | What it refers to | Type | At |
|---|---|---|---|
| 2.5 lakh crore | Actual investment under PLI scheme | metric | 18:38 |
| 22 lakh crore | Production and sales under PLI scheme | metric | 18:38 |
| 15 lakh crore | Exports under PLI scheme | metric | 18:38 |
| 14 lakh | Direct and indirect jobs created under PLI scheme | metric | 18:38 |
| 90% | Reduction in train accidents compared to before 2014 | metric | 26:01 |
| 150 | Train accidents per year 12 years ago | metric | 26:31 |
| 15-20 | Train accidents per year now | metric | 26:31 |
| 36,000 | Bio-toilets installed in trains after 2014 | metric | 27:15 |
| 55 times | Increase in defense exports compared to 2014 | metric | 35:26 |
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Sign in to read the full transcriptModi, N. (2026, August 21). LIVE: PM Modi participates in the Economic Times World Leaders Forum 2026 [Interview transcript]. Narendra Modi. CEOInterviews.AI. https://ceointerviews.ai/interview/1241896/
Narendra Modi. "LIVE: PM Modi participates in the Economic Times World Leaders Forum 2026." Narendra Modi, 21 Aug. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/1241896/.
@misc{modi2026_1241896,
author = {Narendra Modi},
title = {LIVE: PM Modi participates in the Economic Times World Leaders Forum 2026},
howpublished = {Interview transcript, Narendra Modi. CEOInterviews.AI},
year = {2026},
month = {aug},
url = {https://ceointerviews.ai/interview/1241896/},
note = {Speaker-attributed transcript with timestamps}
}