India, Aug. 21 -- The Government of India has issued a release:
The Prime Minister, Shri Narendra Modi has shared glimpses of his address at the Economic Times World Leaders Forum 2026.
In a series of X posts, Shri Modi said;
"India has moved from Production Linked Punishment to Production Linked Incentives.
There was a time when companies would be penalised for producing beyond prescribed limits! That mindset of the Licence Raj discouraged enterprise, production and job creation.
Today, the approach is completely different. We incentivise production, encourage ambition and trust our entrepreneurs.
India has moved from controlling enterprise to enabling it."
"At the core of India's reform journey is a change in the philosophy of gove...