NEW DELHI: Prime Minister Narendra Modi on Thursday hailed India’s trade agreements with the European Union and the United States, saying they reflect growing global confidence in India and are positive for world stability and economic progress.
Speaking in the Rajya Sabha during the debate on the motion of thanks on the President’s address, Modi said the agreements demonstrated that the international community views India as a reliable and trusted trading partner.
“When the trade deal with the EU was finalised, the world became more confident about stability. After the agreement with the US, there is greater confidence not only in stability but also in the pace of progress. This is a good sign for the world. The biggest beneficiaries will be the youth of the country,” he said.
His remarks came even as the treaty with the US is yet to be formally signed, indicating that both sides may have resolved their differences. An official announcement is expected soon.
The prime minister criticised the Indian National Congress for failing to secure similar trade pacts during its time in power, alleging that past governments had eroded India’s credibility with global partners.
PM slams Congress for eroding global trust
In a 97-minute address delivered amid opposition protests, Modi said a significant part of his tenure had been spent restoring confidence in India’s ability to deliver on international commitments.
He also highlighted investments in emerging sectors such as artificial intelligence, quantum computing, critical minerals, space technology and deep-sea exploration, describing them as key pillars of India’s growth strategy. He called for greater emphasis on quality manufacturing, innovation and research.
“Congress focused more on vote bank politics and failed to prioritise economic issues. There was neither vision nor political will, and that is why the country suffered,” he said.
Looking ahead, Modi said the second quarter of the 21st century would be crucial for India’s rapid progress towards the goal of “Viksit Bharat”.
“We must keep moving forward and not look back,” he added.
The speech began amid sloganeering by opposition members, who alleged that Leader of the Opposition Mallikarjun Kharge had been denied an opportunity to speak by Rajya Sabha chairman C P Radhakrishnan. Modi initially continued speaking despite the protests, later pausing briefly and responding with a light remark. The opposition subsequently walked out of the House.
Resuming his address, the prime minister said India was entering into “future-ready” trade agreements with several countries.
“In recent days, we have signed trade deals with nine major nations, including the ‘mother of all deals’ with the 27-nation EU bloc,” he said.
Referring to global demographic trends, Modi noted that many developed countries are facing rapidly ageing populations, while India enjoys the advantage of a young workforce.
“Our large youth population is a major asset. We have a precious pool of young talent with dreams, determination and the ability to achieve them,” he said.
