Politics
PM Modi: India on the path to transformational change to ensure sustainable economic growth
Prime Minister Narendra Modi has described India as a promising opportunity amid global uncertainty. He said the country is undergoing significant changes to maintain its strong economic growth.
Speaking at the 3rd Kautilya Economic Conclave, Modi promised to continue implementing structural reforms to help India become a developed nation by 2047.
Modi stressed that jobs, skills, sustainable growth and continued rapid expansion are the top priorities of his administration, known as Modi 3.0.
“Today, in the context of global emergency, we are here discussing the Indian era”, this shows how much the world trusts India… India is the growing economy the fastest in the world and the 5th largest economy. In terms of adoption rate of fintech, we are as first nation,” he noted.
He said India is the largest manufacturer of two-wheelers and tractors, and the second largest manufacturer of mobile phones.
Stressing that “Reform, Achieve and Transform” is the guiding mantra of his government, Modi said, “When people’s lives are transformed, they start believing in their country. The same is then reflected in their mandate. Indians are our strength. We are determined to bring about more structural reforms for the betterment of India.
He highlighted that 'inclusiveness' is an important part of India's growth story, meaning that growth happens alongside inclusion. As a result, he noted that 25 million people have escaped poverty over the past 10 years.
While listing the achievements of his government, Modi mentioned that they have strengthened the banking system, implemented GST, introduced the Insolvency and Bankruptcy Code, opened up the mining and defense sectors to private investment, liberalized foreign direct investment (FDI) and reduced compliance burdens.
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Sources 2/ https://www.businesstoday.in/india/story/pm-modi-india-on-a-path-of-transformational-change-to-ensure-sustained-economic-growth-448820-2024-10-04 The mention sources can contact us to remove/changing this article |
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