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Text of PM’s address at the Economic Times World Leaders Forum 2026

PM Modi addressed the Economic Times World Leaders Forum 2026, highlighting India's shift from 'Production Linked Punishment' (PLP) under License Raj to 'Production Linked Incentive' (PLI) scheme, which generated ₹22 lakh crore production, ₹15 lakh crore exports, and 14 lakh+ jobs. He emphasized governance reforms including 'Permitted unless prohibited' regulatory philosophy, Jan Vishwas Bill decriminalization, 40,000+ compliances removed, 1,500+ obsolete laws repealed, and 90% reduction in rail accidents. Key infrastructure achievements include Namo Bharat Rapid Rail (99.9% punctuality), 3.6 lakh bio-toilets in trains, 250 BRO border projects (2024-25), and nuclear/defence sector reforms enabling private participation.

Source: Press Information Bureau (official). This summary and analysis are AI-written from that report and are not individually fact-checked — confirm names, dates and figures with the source before you rely on them.

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Key points

Exam-ready takeaways

PLI Scheme impact: ₹2.5 lakh crore actual investment, ₹22 lakh crore production/sales, ₹15 lakh crore exports, 14 lakh+ direct/indirect jobs created

Governance reforms: 40,000+ compliances removed, 1,500+ obsolete laws repealed, shift from 'Prohibited unless permitted' to 'Permitted unless prohibited' regulatory approach

Railway safety transformation: 90% reduction in train accidents (from ~150/year to 15-20), all unmanned crossings eliminated, 3.6 lakh bio-toilets installed (97% in last 12 years)

Infrastructure milestones: Namo Bharat Rapid Rail (Delhi-Meerut) 99.9% punctuality, 4 crore+ passengers; Delhi Metro 99.9% punctuality matching global standards

Strategic reforms: Geospatial data deregulation, drone rules liberalization, 250 BRO border projects (2024-25), Nuclear Energy private sector entry via Civil Liability Act amendment, 41 ordnance factories merged into 7 defence PSUs

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