July 24, 2026 11:09 am (IST)
Follow us:
We must reform to transform : Modi says at ASEAN summit
Kuala Lumpur, Nov 21 (IBNS) Reform is a way station on the journey to the destination which is transformation of India, Prime Minister Narendra Modi said on Saturday.
"We asked ourselves the question - Reforms for what? What is the aim of reform? My answer is clear: we must Reform To Transform," he said while addressing ASEAN Business Investment Summit in Kuala Lumpur.
"Reform for me is just a way station on the long journey to the destination. The destination is the transformation of India," Modi said.
The Prime Minister said when his government took charge nearly 18 moths ago, India faced many challenges at that time. But by almost every major economic indicator, India is now doing better, he added.
"GDP growth is up and inflation is down. Foreign investment is up and the CAD is down. Tax revenues are up and interest rates are down...Macro-economic stability is good. But to transform India, much more needs to be done," Modi said.
The Prime Minister said India has launched second wave of reforms to re-vitalize the flow of investments and steps are being taken to further open up the economy.
He assured the ASEAN countries that India is committed to protect IP Rights of innovators. A National IPR policy is expected by end of the year.
"Going further, I want to assure you that India is committed to protect Intellectual Property Rights of all innovators."
Inviting ASEAn investors to come and experience the changes in India Modi said the country has immense opportunities.
"I invite you to come and see the winds of change in India. Winds do take time to cross the borders. That is why I am here to invite you," he said.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
'Don't insult students': Rahul Gandhi tears into PM Modi's midnight NEET video, demands Dharmendra Pradhan's exit
Fri, Jul 24 2026
Sonam Wangchuk ends 26-day hunger strike after 'long negotiations', urges CJP protesters to maintain peace
Thu, Jul 23 2026
'More action tomorrow': PM Modi promises fresh steps on paper leaks
Thu, Jul 23 2026
Rahul Gandhi leads candlelight vigil at Gandhi Smriti as Opposition steps up NEET leak protest
Thu, Jul 23 2026
NEET protest: Centre invites CJP for talks; protesters stick to Jantar Mantar or neutral venue demand
Thu, Jul 23 2026