Indias Path to Becoming a Developed Nation by 2047: Modis Vision at BRICS Business Forum

By Benito Cormi Aug 24, 202384Views

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India’s Prime Minister, Narendra Modi, stated at the BRICS Business Forum that India will become a developed nation by 2047. He highlighted India’s achievements in recent years, including economic reforms and investments in infrastructure. One success story is the Unified Payments Interface (UPI), which facilitates instant transfers between bank accounts through mobile apps. UPI has become one of the most successful payment systems in the world, with India leading in digital transactions. Modi emphasized the potential for collaboration on UPI with BRICS countries. The summit also discussed topics such as promoting the use of local currencies in cross-border trade and the potential launch of a common currency.

Hot Take: India’s commitment to becoming a developed nation and its success with UPI demonstrate its potential for economic growth and innovation. Collaborating with BRICS countries can further enhance India’s position on the global stage.

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Benito Cormi

Benito Cormi, the brilliant crypto analyst who has made waves in the world of cryptocurrency. With his razor-sharp analytical skills and deep understanding of the digital asset landscape, Benito has become a trusted figure in the industry and remains at the forefront, tirelessly researching and analyzing market trends to help individuals and businesses make informed decisions in this dynamic landscape.