Our Banks are Stronger than Ever, Inflation is Very Low: PM Modi
Prime Minister Narendra Modi recently addressed the ET World Leaders Forum 2025, where he made some stunning statements about the current state of India’s economy. According to PM Modi, India’s banks are “stronger than ever” and inflation is “very low”. These statements come as a relief to the Indian citizens who have been facing economic uncertainty in recent years.
PM Modi’s statement about the banks being stronger than ever is a significant one, as it implies that the banking system in the country is stable and resilient. This is a major boost to the confidence of investors and citizens alike, as they can now feel secure about their investments and savings. The Prime Minister’s statement is also a testament to the efforts of the government and the Reserve Bank of India (RBI) in regulating the banking sector and ensuring its stability.
The Prime Minister also highlighted the fact that India’s current account deficit is under control. This is a significant achievement, as a current account deficit occurs when a country’s imports exceed its exports, leading to a depletion of its foreign exchange reserves. The fact that India’s current account deficit is under control indicates that the country’s trade balance is stable and that its foreign exchange reserves are strong.
PM Modi also mentioned that India’s forex reserves are very strong, which is a major relief to the country’s citizens. A strong forex reserve indicates that the country has sufficient foreign currency to meet its international obligations and to stabilize its currency in times of economic uncertainty. This is particularly important for a country like India, which is heavily dependent on imports to meet its domestic demand.
Another significant statement made by PM Modi was that every month, lakhs of domestic investors are investing thousands of crores of rupees in the market through Systematic Investment Plans (SIPs). This is a testament to the growing confidence of Indian citizens in the stock market and their willingness to invest in it. SIPs are a popular investment tool that allows investors to invest a fixed amount of money at regular intervals, regardless of the market conditions. The fact that lakhs of investors are investing in the market through SIPs indicates that the Indian stock market is robust and attractive to investors.
PM Modi’s statement about inflation being very low is also a significant one, as inflation is a major economic concern for any country. Inflation occurs when the general price level of goods and services in an economy increases, leading to a decrease in the purchasing power of money. The fact that inflation is very low in India indicates that the country’s economy is stable and that the prices of goods and services are not rising rapidly.
The Prime Minister’s statement has been welcomed by the experts and the citizens alike. Experts have praised the government’s efforts in stabilizing the economy and boosting investor confidence. The citizens, on the other hand, are relieved to know that their savings are safe and that the economy is stable.
In conclusion, PM Modi’s statement about India’s banks being stronger than ever and inflation being very low is a significant one. The Prime Minister’s statement is a testament to the efforts of the government and the RBI in regulating the banking sector and ensuring its stability. The fact that India’s current account deficit is under control, forex reserves are strong, and lakhs of domestic investors are investing in the market through SIPs indicates that the country’s economy is stable and robust. The Prime Minister’s statement has been welcomed by the experts and the citizens alike, and it is expected to boost investor confidence and stability in the economy.
