Modi Outlines India's Shift to 'Permitted Unless Prohibited' Regulation

India has the world's cheapest data and is working toward cheaper and better mobile phones, Modi said. That push supports the country's digital economy. Telecom operators, handset makers and data center operators are among those that could gain from lower input costs and rising domestic demand.

Modi also cited reforms in Indian Railways, the Delhi Metro and the Namo Rapid Rail as examples of how India is adapting its infrastructure. He said the government had changed its approach to border infrastructure, treating it as a strength rather than a weakness. These projects signal continued spending on transport and construction, sectors that rely on government contracts and capital outlays.

Global economic conditions remain challenging, the prime minister said. Resources are being "weaponized," he added. India continues to be viewed as a bright spot for growth, Modi said, pointing to the country's political stability and policy continuity.

The government's reform agenda is aimed at sustaining growth momentum while improving governance and ease of living, Modi said. The regulatory shift and production-linked incentives are expected to attract investment and boost manufacturing output over the coming years, the prime minister indicated.