World

Putin Once Again Hails Strength Of India’s Growing Economy Under PM Modi

Russian President Vladimir Putin on Thursday praised India’s economic growth while emphasizing his government’s efforts to maintain stability in Russia despite the prolonged conflict with Ukraine.

Speaking at his annual press conference in Moscow, Putin acknowledged India’s rising global stature and economic strength. He cited international financial institutions that rank Russia as the largest economy in Europe by purchasing power parity and fourth globally, after China, the US, and India.

“We overtook Germany last year and Japan this year,” Putin said. “But this is no reason to become complacent. We must keep the momentum and improve the quality of our economy.”

Russia’s Economy Adapts Amid Challenges

Putin highlighted the resilience of the Russian economy amid external pressures. He stated that Russia continues to grow despite threats and attempts to undermine it.

“Everything is developing and actively moving forward,” he said. “If the Eurozone has stagnated, other global centers are progressing. We must ensure Russia stays on this path of growth.”

Russia Supports India’s Economic Initiatives

Putin also reiterated Russia’s support for India’s economic policies. Earlier this month, at the 15th VTB Russia Calling Investment Forum, he praised Prime Minister Narendra Modi’s ‘India-first’ policy and the ‘Make in India’ initiative.

“Russia is ready to establish manufacturing operations in India,” Putin said. “The Indian government has created stable conditions under Prime Minister Modi’s leadership, making investments profitable.”

In September, during a meeting with India’s National Security Advisor Ajit Doval, Putin acknowledged India’s growing global influence and economic strength under Modi’s leadership. He described the India-Russia partnership as “gaining strength,” reflecting their mutual commitment to growth and development.

Also Read: Antonio Guterres Welcomes India-China Agreement To Strengthen Bilateral Relations

Ajaypal Choudhary

Recent Posts

Jamia Students Back Waqf Amendment Bill; Call It A Step Toward Empowerment

The student group 'Shaher-E-Arzoo' expressed firm support for the Waqf Amendment Bill, calling it a…

2 hours ago

India’s Exports To The US Face Limited Impact From Tariff Hike: SBI Report

The 27% tariff hike by US President Donald Trump on Indian goods will have only…

2 hours ago

Waqf Freed From Mafia Control, New Era Of Development Begins For Muslims: MRM

Following the passage of the Waqf Amendment Bill 2024 in both Houses of Parliament, celebrations…

3 hours ago

India’s Forex Reserves Surge To $665.4 Billion; Rupee Strengthens As Trade Deficit Narrows

India’s forex reserves jumped $6.6 billion to a five-month high of $665.4 billion for the…

4 hours ago

Laxmi Singh Leads Gautam Buddha Nagar Police To Historic No 1 Rank In IGRS Across All Stations

Gautam Buddha Nagar Police, led by CP Laxmi Singh, achieved a historic feat with all…

5 hours ago

Avoid Rhetoric That Vitiates Atmosphere, Ensure Safety Of Hindus In Bangladesh: PM Modi Tells Yunus

Prime Minister Narendra Modi called on Bangladesh to bring perpetrators of atrocities against Hindus and…

5 hours ago