Mumbai, June 4: Prime Minister Narendra Modi met Citi Chair and CEO Jane Fraser in Mumbai on Wednesday, where they discussed India’s economic growth trajectory and emerging opportunities for global investment.
During the meeting, the Prime Minister shared his vision of accelerating economic momentum to achieve the long-term goal of Viksit Bharat 2047. The discussions focused on strengthening investment flows into India, expanding opportunities for Indian companies in global markets, and enhancing collaboration in key growth sectors.
Both sides explored how Citi can further support India’s economic agenda by attracting global investors and enabling Indian businesses to scale internationally. The conversation reflected growing confidence among global financial institutions in India’s reform-driven economic framework.
A significant part of the discussion centered on the development of alternative energy sources, including solar power and green hydrogen, as India continues its transition toward a cleaner and more sustainable energy ecosystem.
Artificial intelligence also featured prominently, with both sides examining its potential role in driving productivity, innovation, and long-term economic growth. Regulatory frameworks and responsible use of AI were also discussed.
Jane Fraser, accompanied by Citi India CEO K. Balasubramanian, reiterated Citi’s long-standing commitment to India, highlighting its nearly 125-year presence in the country and continued expansion in the market.
The meeting coincided with the Citi India Conference in Mumbai, which brought together over 1,500 global clients and investors from June 3 to 5, aimed at strengthening India’s position as a leading global investment destination.
Officials noted that the engagement reflects the deepening partnership between India and global financial institutions as the country continues its journey toward becoming a major global economic powerhouse.