PM Modi Meets Citi CEO Jane Fraser To Discuss Investment And AI Growth

Prime Minister Narendra Modi held discussions with Citigroup CEO Jane Fraser on Wednesday, focusing on India’s economic growth outlook and opportunities to attract greater global capital inflows. The meeting took place as India continues to strengthen its position as a major destination for international investment amid shifting global supply chains and evolving financial market dynamics. According to Citigroup, the talks covered investment flows into India, overseas expansion prospects for Indian companies, and emerging sectors such as clean energy and artificial intelligence.

The engagement highlighted India’s efforts to deepen ties with global financial institutions as it seeks to boost long-term economic development. Fraser and Prime Minister Modi reportedly discussed the growing importance of alternative energy infrastructure, including solar power and green hydrogen initiatives. These sectors are increasingly viewed as central to India’s energy transition strategy, with policymakers aiming to balance rapid economic growth with sustainability commitments.

Artificial intelligence also featured prominently in the discussions, with both sides examining its potential role in driving productivity and innovation across industries. Topics included regulatory frameworks for AI deployment and how advanced technologies could support governance, financial services, and industrial expansion. The conversation reflects India’s broader push to integrate digital transformation into its economic planning.

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Jane Fraser was accompanied by K. Balasubramanian during the meeting. Citigroup’s leadership reaffirmed the bank’s long-standing presence in India, noting its nearly 125-year history in the country and its continued commitment to supporting Indian corporates and investors. The meeting took place alongside Citi’s India Conference in Mumbai, which brought together global investors, corporate leaders, and policymakers to assess economic trends and investment opportunities.

Citigroup also reiterated its role in facilitating cross-border investment and assisting Indian companies in expanding into global markets. The bank emphasized India’s growing importance in its global strategy, particularly as multinational firms look to diversify operations beyond traditional hubs. The discussions underscore the increasing alignment between India’s economic ambitions and global financial institutions’ search for high-growth markets.

In a related note, Citi recently revised its inflation outlook following sharp increases in domestic fuel prices, which have risen by approximately ₹7.5 per litre over the past month. The brokerage now projects FY27 average inflation at 4.9%, up from 4.6% earlier, citing higher-than-expected fuel costs as a key driver. Analysts note that such macroeconomic adjustments reflect the broader impact of global energy volatility on India’s domestic economic forecasts.

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