PM Modi Highlights India’s Growth at Asia-Pacific Conference
Prime Minister Narendra Modi addressed the 18th Asia-Pacific Conference of German Business 2024 in New Delhi, emphasizing India’s growth potential. He invited global participation, stating, “This is the time and correct time to get involved in India’s growth story.”
India-Germany Partnership
PM Modi highlighted the synergy between India and Germany, saying, “When India’s dynamism and Germany’s precision meet, it ensures a better future for the world.” He encouraged business leaders to explore India’s culture and cuisine, promising a fulfilling experience.
India’s Growth Pillars
Modi outlined India’s growth pillars: democracy, demography, demand, and data. He emphasized the role of AI, referring to both ‘Aspirational India’ and ‘Artificial Intelligence’ as key drivers of future growth.
German Chancellor’s Visit
German Chancellor Olaf Scholz is in India for the 7th Intergovernmental Consultations, a biannual meeting involving ministers from both countries. PM Modi and Chancellor Scholz met at Modi’s official residence to discuss bilateral cooperation.
Doubts Revealed
PM Modi -: PM Modi refers to Narendra Modi, who is the Prime Minister of India. He is the leader of the Indian government and represents the country in international matters.
German Chancellor Olaf Scholz -: Olaf Scholz is the Chancellor of Germany, which means he is the head of the German government. He is responsible for making important decisions for Germany and represents the country in international discussions.
Asia-Pacific Conference -: The Asia-Pacific Conference of German Business is a meeting where business leaders and government officials from Asia and Germany come together to discuss economic opportunities and partnerships.
Synergy -: Synergy means working together in a way that the combined effect is greater than the sum of individual efforts. In this context, it refers to India and Germany working together to achieve better results.
Democracy -: Democracy is a system of government where the people have the power to make decisions through voting. India is the largest democracy in the world.
Demography -: Demography refers to the study of populations, including the number of people, their ages, and other characteristics. India’s large and young population is considered a strength for its growth.
Demand -: Demand refers to the desire of people to buy goods and services. In India, the large population creates a high demand for various products, which can drive economic growth.
Data -: Data refers to information that is collected and used for analysis. In today’s world, data is very important for making decisions and driving growth, especially in technology.
AI -: AI stands for Artificial Intelligence, which is the ability of machines to perform tasks that usually require human intelligence, like understanding language or recognizing patterns.
Intergovernmental Consultations -: Intergovernmental Consultations are meetings between the governments of two countries to discuss and plan cooperation on various issues. The 7th Intergovernmental Consultations between India and Germany are part of their ongoing partnership.
