CEOInterviews.AI
Start App
Michael Bloomberg
Michael Bloomberg
Founder of Bloomberg LP, Bloomberg LP
Watch

PM Modi's Special Address & Michael Bloomberg's Opening Speech | New Economy Forum 2026

📅 Oct 13, 2026 Business Today 36 MIN 7316 VIEWS 43 SEGMENTS · 3 SPEAKERS
Watch Prime Minister Narendra Modi's special address and Michael R. Bloomberg's opening address at the Bloomberg New Economy Forum 2026 in New Delhi. The high-profile global gathering brings together leading policymakers, business executives, investors and economic experts to discuss the future of the world economy amid geopolitical uncertainty, technological disruption and shifting global trade dynamics. Prime Minister Narendra Modi delivers a special address at the forum, putting the spotlight on India as the country hosts influential voices from across the international business and policy...

What Michael Bloomberg said

Written from the verified transcript and checked against it. Every figure links to the moment it was said.

Michael Bloomberg, founder of Bloomberg LP, opened the New Economy Forum in New Delhi, praising India's ambition and investments in artificial intelligence, semiconductors, manufacturing, and clean energy. He highlighted a recent $12 billion commitment to India's power grid and energy storage, and discussed Bloomberg's collaborations in public health, road safety, and solar power. Narendra Modi, in his keynote, articulated a vision of "power to empower," emphasizing digital inclusion, with 500 million YouTube and Instagram users. He noted India's startup growth from a few hundred to over 250,000, with 45% having women directors, and lifted 250 million people out of poverty. Modi cited early achievement of 40% non-fossil electricity capacity by 2021, renewable capacity rising from 75 to 300 gigawatts, and India's 7.8% growth in April-June 2026.

Key takeaways

  1. India achieved 40% non-fossil electricity capacity by November 2021, nine years ahead of its 2030 Paris Agreement target.
  2. India's renewable energy capacity grew from 75 gigawatts in 2014 to about 300 gigawatts today.
  3. India's startup count grew from a few hundred before 2014 to more than 250,000, with nearly half from small cities.
  4. India's foreign exchange reserves exceed $700 billion, and its current account deficit fell to 0.61% of GDP.
  5. India supplied vaccines to over 100 countries during the Covid pandemic.

Numbers and commitments

FigureWhat it refers toTypeAt
$12 billion Investment in India's power grid and energy storage commitment 0:37
500 million YouTube users in India metric 11:18
45% Startups with at least one woman director or partner metric 16:27
250 million People lifted out of poverty in the past decade metric 17:25
100 Countries to which India supplied vaccines during Covid metric 18:58
40% Installed electricity capacity from non-fossil sources target guidance 22:00
November 2021 Date when India achieved the 40% non-fossil capacity target timeline 22:00
300 gigawatts India's renewable energy capacity today metric 23:04
7.8% India's growth rate in Q1 FY2026-27 metric 31:49

Chapters

  1. 0:00Bloomberg's opening remarks on India
  2. 4:07Modi's introduction and welcome
  3. 7:03Power to empower philosophy
  4. 11:18Digital inclusion and connectivity
  5. 16:27Startups and innovation
  6. 17:25Governance and poverty reduction
  7. 22:00Climate commitments and renewables
  8. 25:11Global challenges and India's role
  9. 31:49Economic indicators and reforms
  10. 34:04Closing Vedic mantra
Michael Bloomberg 0:00 ↗
The largest... looking at the next few years, and looking further out, the country is approaching the century of independence in '47. The Prime Minister has set big and ambitious goals. We see that ambition and the investments India is making here in artificial intelligence, semiconductors, manufacturing and clean energy.
Just recently, twelve billion... the nation's power grid, expanding energy storage, helping to make room for power, for India's digital infrastructure at scale.
The country is a critical player in global supply chains, helping to support their celebration... companies... helping support initiatives across India, with a focus on public health, and then our collaboration expanded to road safety, cleaner air and cleaner energy, including working with Indian partners to expand solar power around the world.
This India is making major investments and working with partners to get good results in technology. The Prime Minister, the Global Delhi... the AI Impact Summit... and it is clear that India's technology industry is reaping the benefits of the global economy. That is why this is a perfect place to host the event we created to bring together government and business, to strengthen ties and build partnerships around a common table.
He is a friend, and he is focused on the future. Partnership, investment, technology, energy, manufacturing — this is a great opportunity. These are the goals, and discussing them with this group will help, because when India succeeds, the benefits are shared.
So, ladies and gentlemen, please join me in welcoming Prime Minister Modi.

2 more exchanges in this transcript

Sign in free to read the rest of this interview. No card required.

Sign in to read the full transcript

Cite this transcript

APA, MLA, BibTeX
APA

Bloomberg, M. (2026, October 13). PM Modi's Special Address & Michael Bloomberg's Opening Speech | New Economy Forum 2026 [Interview transcript]. Business Today. CEOInterviews.AI. https://ceointerviews.ai/interview/3049417/

MLA

Michael Bloomberg. "PM Modi's Special Address & Michael Bloomberg's Opening Speech | New Economy Forum 2026." Business Today, 13 Oct. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/3049417/.

BibTeX 
@misc{bloomberg2026_3049417,
  author       = {Michael Bloomberg},
  title        = {PM Modi's Special Address \& Michael Bloomberg's Opening Speech | New Economy Forum 2026},
  howpublished = {Interview transcript, Business Today. CEOInterviews.AI},
  year         = {2026},
  month        = {oct},
  url          = {https://ceointerviews.ai/interview/3049417/},
  note         = {Speaker-attributed transcript with timestamps}
}