Utilization show true value of knowledge, wealth, and power
Prime Minister Narendra Modi today addressed the Bloomberg New Economy Forum in New Delhi. He said true value of knowledge, wealth, and power is determined entirely by how ethically they are utilized. He stressed that understanding this profound purpose of power is absolutely essential for navigating today’s complex global dynamics. “Meaning, the true value of Power lies in its Purpos.
Addressing the summit’s core focus on emerging global powers, the Prime Minister highlighted a monumental paradigm shift in the 21st century’s third decade, where technology, data, knowledge, and innovation have become the ultimate metrics of power. He challenged the audience to reconsider the fundamental purpose of this power, questioning whether it should elevate a select few or actively democratize opportunities for millions, emphasizing a shift from controlling to enabling and from competing to collaborating. ‘“Moving beyond the power to succeed to the power to help others succeed, the vision with which I have come here today is Power to Empower,” asserted Shri Modi.
Acknowledging Mr. Michael Bloomberg’s earlier remarks, the Prime Minister celebrated the forum’s unprecedented debut in India. He praised the platform’s ability to unite the world’s brightest minds to deliberate on key global themes, including the economy, technology, energy, and international affairs. “I congratulate Mr. Bloomberg and his entire team; you have chosen the right place at the right time,” remarked Shri Modi.
Translating these ancient ideals into modern administration, the Prime Minister stated that the concept of ‘Power to Empower’ is not a mere global sermon but a deeply ingrained cultural tradition actively applied to the nation’s governance and work culture. He announced his intention to illustrate this transformative philosophy using concrete examples of the nation’s progress. “Therefore, I will take my point forward using examples from India itself,” noted Shri Modi.
Showcasing the vibrant dynamism of the ‘Mother of Democracy’, the Prime Minister proudly listed the nation’s massive linguistic diversity, its 80,000 publications, and over a thousand television channels. He emphasized that in the modern social media era, the nation’s half-a-billion YouTube and Instagram users engage in robust, open debates, proving that digital power is actively fueling democratic discourse. “In present times, what has played a major role in this is digital power,” observed Shri Modi.
Detailing the systemic eradication of corruption, the Prime Minister highlighted the deployment of the JAM Trinity and Direct Benefit Transfer systems to deliver government assistance directly into citizens’ bank accounts. “This has reduced corruption, increased the convenience of the country’s citizens, and established a direct relationship between Government and Citizen,” observed Shri Modi.
Addressing the resulting global crisis of confidence amidst rapid technological disruption and demographic challenges, the Prime Minister stated that the world is desperately searching for reliable partners who will maintain supply lines and honor commitments during crises. (UPDATED ON 13TH OCTOBER 2026)
