Bloomberg New Economy Forum: PM Modi speaks at first India edition
Why in the news
Prime Minister Narendra Modi spoke at the Bloomberg New Economy Forum in New Delhi on 13 October 2026. This eighth edition is the first time the forum has been held in India.
Key facts
- Dates and scale: 13-15 October 2026, with more than 500 public and private sector leaders invited.
- Theme: ‘A World in Play: Defining the New Levers of Power’, with focus on technology, energy, critical minerals and financial systems.
- Power to Empower: The PM said power should be used to enable people rather than control them.
- Non-fossil target: India met its Paris pledge of 40% non-fossil installed power capacity in November 2021, nine years before 2030, the first G20 nation to do so.
- Poverty: 25 crore people left poverty in the last decade.
- Startups: from a few hundred in 2014 to over 2.5 lakh; over 45% have women in leadership.
- India supplies about one-fifth of the world’s generic medicines and hosts over 2,000 Global Capability Centres.
Data points cited by the PM
| Indicator | Figure |
|---|---|
| GDP growth, April-June quarter | 7.8% |
| Current account deficit | 0.61% |
| Forex reserves | Above $700 billion |
| Renewable capacity | 75 GW (2014) to about 300 GW |
| Capacity added by PM Surya Ghar and PM-KUSUM | Over 30 GW |
About the forum
The Bloomberg New Economy Forum is an invitation-only gathering of global leaders run by Bloomberg. The New Delhi edition coincides with Bloomberg’s 30 years in India.
Exam angle
- Eighth edition, first in India, New Delhi.
- 40% non-fossil capacity target met in November 2021.
- Remember the macro numbers: 7.8% growth, 0.61% CAD, $700 billion-plus reserves.