Jaipur, December 10,2024.
The Union government’s motto of ‘Reform, Perform and Transform’ has led to remarkable growth across all sectors and helped attract the attention of investors, PM Narendra Modi said on Monday as he pitched Rajasthan as an attractive destination and urged investors to take advantage of the vast opportunities that the state offers.
Speaking at the inauguration of Rising Rajasthan investment summit which saw heavyweights of India Inc, including Gautam Adani, Anil Agarwal, Kumar Mangalam Birla and Anand Mahindra among the audience, the PM underscored the speed of the country’s progress under the BJP-led government. He said that while India took seven decades to become the 11th largest economy of the world, the country grew to be the 5th largest economy in just one decade.
“India’s exports have also almost doubled in the past 10 years. FDI has more than doubled as compared to the decade before 2014,” the PM said. Modi said the power of democracy, demography, digital data, and delivery is evident from the country’s success. “In a diverse country like Bharat, democracy is not only thriving but also becoming increasingly stronger, which is a significant achievement in itself. While remaining democratic, Bharat’s philosophy is centred on the welfare of humanity, which is intrinsic to its character. Today, the people of Bharat, through their democratic rights, are voting for a stable government,” he said while pointing to the need for a reliable supply chain against the backdrop of geopolitical tensions.
Modi said the world today needs an economy that remains robust even in the face of major crises and operates without disruptions. “For this, it is essential to establish a broad manufacturing base in Bharat. This is not just important for Bharat but also for the global economy. Recognising this responsibility, Bharat has committed to self-reliance in manufacturing on a significant scale. Under the ‘Make in India’ program, Bharat is emphasising low-cost manufacturing. The country’s petroleum products, pharmaceuticals and vaccines, and electronic goods are examples of record-breaking manufacturing efforts that are benefiting the world.”
