Tuesday, March 3, 2026
ADVT 
India

India has become fastest growing economy in world under PM Modi's leadership: Carney

Darpan News Desk IANS, 02 Mar, 2026 01:34 PM
  • India has become fastest growing economy in world under PM Modi's leadership: Carney

Canadian Prime Minister Mark Carney on Monday lauded PM Narendra Modi's leadership, highlighting his stellar role in making India the fastest growing economy in the world over the last decade.

Addressing a joint press meeting with Prime Minister Modi following their talks in New Delhi, Carney also spoke about the increasing engagements between India and Canada in the last one year, terming it as an expansion of a valued partnership with new ambition, focus and foresight.  

"In the last decade, under your leadership Prime Minister, India has become the fastest growing economy in the world. Per capita incomes in this country have risen at a pace never seen in history, seldom in human history... Canada shares your ambition and your sense of purpose... I believe the prescription for success in this new era is well exemplified by the theme of your G20 presidency in 2023, which I had the honour of attending. That theme, of course, ‘One Earth, One family, One future’, because the challenges of our age cannot be solved by one country alone," said Carney.

Both leaders reviewed the entire spectrum of bilateral cooperation with discussions on trade and investment, defence and security, education and culture, clean energy and critical minerals, AI and supercomputing and mobility. They also exchanged views on regional and global developments, emphasising that terrorism, extremism and radicalisation pose serious challenges to humanity. 

 

After their meeting held at the Hyderabad House, several MoUs in key areas, including civil nuclear cooperation, energy, critical minerals, education and skill development, science and technology and culture were exchanged between both sides. 

India and Canada, Carney announced, are renewing defence and security cooperation through a new defence partnership, maritime collaboration in the Indo-Pacific, professional military exchanges and practical coordination and cooperation on shared security interests. Carney also recalled his meeting with PM Modi on the sidelines of the G7 Summit and G20 Summit last year.

"May I begin by thanking Prime Minister Modi for the generous hospitality that you have extended us in New Delhi, extended to my ministers as they've visited and the spirit of partnership with which you've approached our relationship since we first spoke in my capacity as Prime Minister last June. As you mentioned, a few weeks later you made time to come to the G7 Summit in Alberta, Canada. Five months after that, we met in Johannesburg at the G20 And now today, the first bilateral visit of a Canadian Prime Minister here in eight years.

"In the intervening months, our foreign ministers have been busy. They've met five times. Four of my ministers have led delegations here to India. Provincial premiers have been including today. There has been more engagement between the Canadian and Indian governments in the last year than there has been in more than two decades combined. So, this is not merely the renewal of a relationship. It is the expansion of a valued partnership with new ambition, focus and foresight, a partnership between two confident countries charting our own course for the future," Carney mentioned.

The Canadian PM announced that India and Canada are aiming to conclude comprehensive economic partnership agreement by the end of this year, noting that this agreement will reduce barriers, increase certainty, unlock opportunity for exporters, investors and workers in both countries with the aim to double trade by the end of this decade.

"We are one family. The greatest most enduring strengths between Canada and India are the families who call our nations home. Nearly two million Canadians trace their roots to India, including leaders in business, science, culture, and government. Tens of thousands of people travel between our countries every year to visit friends and family. 400,000 talented Indians study in Canada. That is twice the number in the United States. It is four times the number in the United Kingdom. These students, these connections deepen our ties. And so we're collaborating to build on those strengths," he stated.

Carney also mentioned that India and Canada have decided to launch a new talent and innovation strategy with 13 new partnerships to deepen ties in education, including collaborations involving McGill, the University of Toronto, University of British Columbia to work across artificial intelligence, health sciences, and digital architecture.

"We're going to expand our collaboration between the Canadian Space Agency and the Indian Space Research Organisation on Earth observation on climate monitoring, on generating the data that powers agriculture disaster response, climate resilience across the Indo-Pacific and our partnerships will be reinforced by the strong foundations we are building in trade and defence," he said.

Picture Courtesy: X/ Narendra Modi

MORE India ARTICLES

GST 2.0 to rev up growth in Punjab economy

GST 2.0 to rev up growth in Punjab economy
Punjab boasts a robust textile ecosystem, with the entire value chain present - from raw material availability to apparel production

GST 2.0 to rev up growth in Punjab economy

Punjab signs pact to produce green hydrogen from paddy straw

Punjab signs pact to produce green hydrogen from paddy straw
Marking a significant leap towards transforming green energy and agricultural landscape, the Punjab Energy Development Agency (PEDA) has signed an MoU with the Indian Institute of Science (IISc), Bangalore, to establish a pilot demonstration project for the production of green hydrogen from biomass, particularly paddy straw.  

Punjab signs pact to produce green hydrogen from paddy straw

EAM Jaishankar meets Iran's outgoing envoy, recognises his contribution to building ties

EAM Jaishankar meets Iran's outgoing envoy, recognises his contribution to building ties
India and Iran share a millennia-long history of interactions. The ties between two nations continue to grow further marked by high-level exchanges, commercial and connectivity cooperation, cultural and robust people-to-people ties.

EAM Jaishankar meets Iran's outgoing envoy, recognises his contribution to building ties

India a stabilising force in world economy: Global experts

India a stabilising force in world economy: Global experts
Jean-Claude Trichet, Honorary Governor of the Bank of France and former President of the European Central Bank, said India can truly fulfil the dreams of its Constitution -- justice, social, economic, and political -- through the vehicle of sustained economic growth.

India a stabilising force in world economy: Global experts

PM Modi writes preface to Meloni's book; Italian leader says 'deeply honoured'

PM Modi writes preface to Meloni's book; Italian leader says 'deeply honoured'
In the preface to the book titled 'I Am Giorgia', PM Modi emphasises the closeness between India and Italy, founded on what he writes as "shared civilizing instincts, such as the defence of heritage, the strength of community, and the celebration of femininity as a guiding force".

PM Modi writes preface to Meloni's book; Italian leader says 'deeply honoured'

New Delhi understands the stakes of India-US relationship, says expert

New Delhi understands the stakes of India-US relationship, says expert
Tellis, who previously served as Senior Advisor to the Ambassador at the US Embassy in New Delhi and Special Assistant to President George W. Bush, hoped that trade and other issues could be resolved in the "weeks to come".

New Delhi understands the stakes of India-US relationship, says expert