Prime Minister Narendra Modi recently praised India’s fiscal prudence, calling it a role model for the world. He highlighted India’s growth and stability, despite the global uncertainties in the current scenario. Speaking at the inaugural address of the ‘Journey Towards Viksit Bharat: A Post Union Budget 2024-25 Conference’, organized by the Confederation of Indian Industry (CII) in New Delhi, PM Modi emphasized India’s high growth and low inflation, which stands out in the world of low growth and high inflation. He also mentioned India’s increasing contribution to global goods and services exports.
PM Modi further discussed the importance of manufacturing in the Budget, pointing out initiatives such as Make in India, simplification of FDI rules, multi-purpose logistics parks, and PLI for 14 sectors. He also highlighted the announcement of plug-and-play investment-ready parks for 100 districts, which will become new hubs of Viksit Bharat. The Budget also includes key announcements for future growth, such as increased allocation for nuclear power generation, Digital Public Infrastructure for agriculture, Bhu-Aadhar card for farmers’ land parcels, a Rs 1000 crore venture capital fund for the space economy, critical mineral mission, and upcoming auctions of offshore blocks for mining.
The conference saw more than 1000 participants from various sectors, including industry, government, the diplomatic community, and think tanks, both in person and virtually. PM Modi urged the industry to compete with the government in creating jobs and investments, encouraging them to make Viksit Bharat their motto and work towards it. He emphasized that the new announcements in the Budget will open new avenues of progress for the country.
Overall, PM Modi’s address highlighted India’s strong economic performance despite global challenges and showcased the government’s commitment to fostering growth and stability through various initiatives and investments. The conference served as a platform for industry leaders and stakeholders to come together and discuss the path towards a developed and prosperous India, focusing on key areas such as manufacturing, exports, infrastructure, and innovation. India’s fiscal prudence, as lauded by PM Modi, continues to set an example for the world, demonstrating the country’s resilience and potential in the face of adversity.
