Global Investors Excited About India, Says Modi

Today world needs economy that functions strongly even during crisis and so, it’s important to have large manufacturing base in India - Narendra Modi, Prime Minister

Jaipur: Prime Minister Narendra Modi on Monday said the development following the mantra of ‘Reform, Perform and Transform’ is visible in every sector. Addressing the inaugural session of the Rising Rajasthan Summit here, Modi said here that every expert and investor in the world is very excited about India. “India is showing the world the real power of ‘democracy, demography and data,” said Modi.

“It took seven decades for India to become 11th largest economy, whereas in the last ten years, India has become the 5thlargest economy from the 10thlargest. In the last 10 years, India has almost doubled the size of the economy. India’s exports have also almost doubled in ten years,” he said.

“Priority of post-independence governments was neither development, nor heritage and Rajasthan suffered loss due to this,”observes PM Modi.

Modi stressed on the importance of having a large manufacturing base in India. “Today the world needs an economy that continues to function strongly even during the biggest crisis. It should not be disrupted. For this, it is very important to have a large ‘manufacturing base’ in India,” he said. He said that it is a great achievement in itself that democracy is flourishing in a diverse country like India.

Rajasthan Chief Minister Bhajanlal Sharma said “the Rising Rajasthan Investment Summit will help it become a leading state in the country. He said that his government, which is going to complete one year in office, has made efforts to fulfill the promises made in the election manifesto.”

India has shown how democratisation of digital technology is benefiting every sector and every class, Modi said.

“Welfare of humanity while being democratic is at the core of India’s philosophy. The people of India are voting for a stable government in India through their democratic right. The youth power is taking this forward,” he said. The PM said that India is going to be among the youngest countries in the world for many years to come.

“India will have the largest pool of youth as well as the largest skilled youth segment. For this, the government is taking many decisions one after the other,” he said.India is showing the world the real power of democracy, demography and data, he added.

PM Modi said his government is working on the mantra of development as well as heritage, and Rajasthan is getting huge benefits from it. He said the priority of the post-independence governments was neither the development of the country nor the heritage and Rajasthan has suffered the loss due to this. “Rajasthan is not just rising but also proving to be reliable. The State is receptive to change and knows how to refine itself over time.Recently, Rajasthan’s ‘R-factor’ has gained an additional dimension, with the people electing a responsive government led by the BJP,” he said.