India On Path To Sustained High Growth: PM Modi

Prime Minister Narendra Modi highlights India’s strong economic fundamentals and commitment to becoming a developed nation by 2047, emphasizing inclusive growth and key reforms.

Prime Minister Modi’s Visit to Laos for ASEAN and East Asia Summits
by Shukriya Shahi - October 5, 2024, 4:57 am

Prime Minister Narendra Modi reaffirmed India’s position as a global economic leader, stating that the country is on a “sustained high growth” trajectory. Speaking at the Kautilya Economic Conclave, he emphasized the government’s commitment to making India a developed nation by 2047.

Inclusive Growth and Poverty Reduction

Modi highlighted that India’s growth is not only robust but also inclusive. In the past 10 years, 25 crore (250 million) people have been lifted out of poverty, defying the belief that growth leads to inequality.

India’s Global Leadership in Technology

India has become a leader in fintech, digital transactions, and startups. With the world’s second-highest internet usage and the third-largest startup ecosystem, Modi called India the “sweet spot” of global innovation.

Major Infrastructure and Policy Reforms

Modi outlined bold reforms in his third term, including projects worth ₹15 lakh crore. Mega infrastructure initiatives, such as 12 industrial smart cities and 30 million new houses for the poor, are part of the government’s vision for sustained growth.

Green Energy Revolution

The PM Surya Ghar Yojana, India’s rooftop solar power initiative, has registered over 1.3 crore families, generating solar power and preventing millions of tonnes of carbon emissions, while creating 17 lakh new jobs.

Strong Public Trust and Support

The Prime Minister emphasized the public’s trust in the government, as reflected by the consecutive election victories. The reform agenda continues to prioritize jobs, innovation, and sustainable growth to drive the nation forward.

India remains poised to lead the world economically, technologically, and environmentally, according to Modi’s vision for the future.