Blitz Bureau
NEW DELHI: In the midst of a huge global uncertainty, the Indian Era is here which shows that trust in Bharat today is unique, and demonstrates that the nation’s self-confidence is exceptional, Prime Minister Narendra Modi said on October 4.
Addressing the third Kautilya Economic Conclave 2024, PM Modi said that this event is being held at a time when two major regions of the world are in a state of war.
“These regions are crucial for the global economy, especially in terms of energy security,” PM Modi told the gathering, adding that despite the geo-political conditions, the Indian economy is currently undergoing a significant transformation with strong fundamentals.
Stressing that India is the fastest-growing major economy in the world and currently the fifth largest economy in terms of GDP, PM Modi said: “We are number one in terms of global fintech adoption rates, number one in smartphone data consumption, and the second largest internet user base globally.”
“Nearly half of the world’s real-time digital transactions are taking place in Bharat today. Bharat now has the world’s third-largest start-up ecosystem. In terms of renewable energy capacity, Bharat is ranked fourth. When it comes to manufacturing, Bharat is the second-largest mobile phone manufacturer. Bharat is also the largest producer of two-wheelers and tractors,” PM Modi told the gathering.
“By following the mantra of reform, perform, and transform, we are continuously making decisions to drive the nation forward at a rapid pace. This is the impact that has led the people of Bharat to elect the same government for the third consecutive time after 60 years,” PM Modi said.
The Government’s commitment is to continue making structural reforms to make Bharat a developed nation, he said.
“You can see this commitment in the work we have done in the first three months of our third term. Bold policy changes, a strong commitment to jobs and skills, a focus on sustainable growth and innovation, modern infrastructure, quality of life, and the continuity of rapid growth are reflected in the policies of our first three months,” PM Modi noted.
