UPITS-2025: India's economic growth remains attractive despite global disruptions, says PM Modi

PM Modi at the event at Greater Noida.

Minutes after inaugurating the Uttar Pradesh International Trade Show-2025 (UPITS-2025) at Greater Noida, Prime Minister Narendra Modi underlined the robustness of India's economic framework and said that self-reliance is not an option for India but it is a concept that will aid India attain its rightful place going forward.

Highlighting the success of India's fintech revolution, the PM stressed that Unified Payments Interface (UPI) has transformed the way financial transactions are done in the country.

Emphasising on the steps taken by his government to enable businesses to operate smoothly he said: "Today, through the Government e Marketplace (GeM) portal, around 25 lakh sellers and service providers are providing supplies to the government. These are small shopkeepers and traders who can sell their products to the government… In earlier governments, this was impossible to even consider, but today even a small shopkeeper is selling their goods through this portal… India is moving forward to achieve its goal of 'Viksit Bharat' by 2047."

"In today's world, the fintech sector has become a prominent topic of discussion. One of its most remarkable contributions is its role in fostering inclusive development. India has developed innovative platforms that cater to everyone, ensuring equitable access to financial and digital services. Platforms like UPI, Aadhaar, DigiLocker, and ONDC are empowering individuals and providing opportunities for all. It means platform for all, progress for all," added Modi.

Speaking about the country's growing clout in domestic production of key electronics, the Prime Minister highlighted: "Today, 55% of all mobile phones manufactured in India are produced in Uttar Pradesh. UP will now further strengthen India's self-reliance in the semiconductor sector as well. A major semiconductor manufacturing facility is about to begin construction just a few kilometers from here."

Earlier today, the PM inaugurated the 3rd edition of the Uttar Pradesh International Trade Show-2025 at Greater Noida. The third edition of the mega event - envisioned under the leadership of Chief Minister Yogi Adityanath - is scheduled to be held from September 25 to 29, and it will present Uttar Pradesh's industrial, agricultural, cultural, and innovation strengths on a global stage.