Prime Minister Narendra Modi said on Tuesday that he had come to the Bloomberg New Economy Forum with the vision of “power to empower”, stressing that the key question was not who held power but how it was used to benefit people.
“Every year at this forum, we discuss economy, energy, etc. For the first time, it’s been held in India. I’d like to say to Mr. “The right question is: how is this power being utilised? Will technology only be beneficial for a few people or will create opportunities for crores of people? “This seeds a new thinking — power to empower. Ahead of power to control, power to enable. Ahead of Power to compete, power to cooperate.
Addressing the forum, Modi said technology, data, knowledge and innovation had become important sources of power, emphasising the need to harness them to create opportunities for millions of people. Welcoming the forum’s decision to hold its first-ever edition in India, the Prime Minister said Bloomberg founder Michael Bloomberg had chosen the right place at the right time. Bloomberg that he has chosen the right place at the right time,” Modi said. Stressing the need to ensure that technological progress benefits a broader section of society, Prime Minister Narendra Modi said the focus should be on using power to empower people rather than allowing it to remain concentrated in the hands of a few. Will knowledge remain the strength of a few people, or empower everyone?” he said. PM Modi said this required a shift in mindset, with empowerment taking precedence over control, cooperation over competition, and helping others succeed over pursuing individual success. Ahead of power to succeed, power of helping others to succeed,” he said.
