New Delhi: Prime Minister Narendra Modi on Monday said that India is not only an emerging market, but an emerging model—a country that is a model of hope for the world, with its economy continuing on the high growth path despite the global challenges.

Speaking at the Ramnath Goenka lecture here, the Prime Minister said, “Although the past four to five years have brought significant global challenges, India has continued to sustain a high growth rate.”

PM Modi noted that India has clocked steady economic growth that has touched around 7 per cent despite the disruptions in supply chains caused due to the Covid-19 pandemic, the Russia-Ukraine war and the West Asia geopolitical crisis.

He pointed out that the ‘Indian growth model’ was now being held up as an example for the whole world.

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