Prime Minister Narendra Modi addressed the prestigious Bloomberg New Economy Forum on Tuesday, marking the first time the three-day international summit is being hosted in India. In his keynote address, PM Modi underscored that while every era has its own definition of power, the defining shift of the 21st century is that technology, information, knowledge, and innovation have emerged as the ultimate sources of strength. He stressed that the fundamental question today is not who holds power, but how that power is being utilized to create opportunities for millions.

Highlighting his deep association with American billionaire and former New York City Mayor Michael Bloomberg, the Prime Minister said, “Over his 30-year journey, he has always considered me a friend. He is a towering personality, highly successful, dedicated, and deeply passionate about India. I have always personally respected him, and his unwavering love and affection for India on the global stage remain a profound source of positive energy for us.”

Hailing India as the “mother of democracy,” PM Modi noted that the nation boasts over 100 languages, nearly 80,000 registered publications, more than 1,000 satellite TV channels, and over 500 million YouTube and Instagram users in the age of social media. Open debates and diverse discussions thrive in the country, powered significantly by India’s robust digital infrastructure. Addressing global geopolitical challenges, PM Modi pointed out that supply chains, energy resources, and technologies are increasingly being leveraged as tools of dominance. Amidst global uncertainties and supply disruptions, India continues to march forward with a distinct mindset centered around trust, resilience, and the core philosophy of the “power of empowerment.”