Prime Minister Narendra Modi on Saturday warned about the growing global energy crisis and said prolonged wars and instability could reverse decades of progress and push large sections of the global population back into poverty.
Addressing the Indian community in The Hague, Modi said the world was currently facing multiple crises simultaneously.
“Today, humanity faces many significant challenges. First came COVID-19, then wars began, and now there is an energy crisis. This decade is shaping up to be a decade of disasters for the world,” Modi said.
“If this situation doesn’t change soon, the achievements of past decades could be lost. A large portion of the world’s population could once again fall into poverty,” he added.
Highlighting India’s achievements in recent years, Modi said the country had rapidly expanded its technological and digital infrastructure.
“In recent years, India has laid 11 times more optical fiber than the distance between the Earth and the Moon. A decade ago, we imported mobile phones; today, India is the second largest mobile phone manufacturer,” he said.
“Furthermore, today’s India has another identity: today’s India is an innovation powerhouse. Today, our digital public infrastructure is discussed worldwide. This is a huge testament to the innovation of Indians,” Modi added.
The Prime Minister said India was currently witnessing a period of unprecedented transformation driven by the aspirations of its youth.
“Today our India is dreaming big. Today the country is saying – we don’t just want transformation, we want the best, we want the fastest. Therefore, when aspirations are unlimited in India, efforts are also becoming limitless,” he said.
“Today’s youth of India wants to touch the sky. Today’s India is going through a period of unprecedented change,” Modi added.
He also referred to India hosting what he described as the world’s largest and most successful AI summit, as well as a successful G20 New Delhi Summit.
Modi said startups had become central to India’s youth culture and entrepreneurial growth.
“Startups have become the ethos of India’s youth. Twelve years ago, there were fewer than 500 startups in the country. Today, that number has grown to over 200,000,” he said.
“In the startup world, India had only four unicorns in 2014; today, there are nearly 125,000. In 2025 alone, nearly 44,000 more startups will be registered,” he added.
According to Modi, Indian startups are now making significant contributions in sectors such as artificial intelligence, defence and space technology.
The Prime Minister also highlighted India’s progress in research, patents and semiconductor manufacturing.
“This culture of research and innovation is becoming even more widespread over time. Last year, more than a million patents were filed in India,” he said.
“India is also making major strides in chip-making in the semiconductor sector. Currently, 12 semiconductor plants are operating in India. Production has already begun in two of these plants,” Modi added.
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“Now, chips will also be designed in India, made in India. Today, India is an innovation powerhouse. Our digital public infrastructure is discussed worldwide. This is a huge testament to the innovation of Indians,” he said.
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Prime Minister Modi pointed to the COVID-19 pandemic, ongoing wars, and an energy crisis as significant global challenges. He warned that these could reverse progress and increase poverty.
India has significantly expanded its digital infrastructure, laying much more optical fiber and becoming the second-largest mobile phone manufacturer. Its digital public infrastructure is now recognized globally.
The number of startups in India has surged from under 500 to over 200,000. The country also has a growing number of unicorns and is seeing significant contributions from startups in various high-tech sectors.
India is becoming an innovation powerhouse with a rise in patent filings and strides in semiconductor manufacturing. Chips are now being designed and made in India.
Sagarika Chakraborty is a Senior Copy Editor at ABP Live English, where she handles business coverage and key developments in general news, while also actively chasing breaking stories. With a foundation in advertising, she transitioned into journalism to craft in-depth stories and explainers on the economy, real estate, and personal finance. She also engages in interviews and podcasts, bringing out expert insights.
For any tips and queries, you can reach out to her at sagarikac@abpnetwork.com.
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