‘India going through massive transformative phase’

Source: The Hitavada      Date: 30 Oct 2018 09:01:45



India has emerged as the leading country in innovation and is the second largest ecosystem for start-ups, says Modi


INDIA is going through a massive transformative phase and international agencies feel the country will drive the growth of the global economy in the coming decade, Prime Minister Narendra Modi said on Monday as he invited the Indian community in Japan to contribute actively in building a ‘new India’.

Modi, who arrived in Japan on Saturday to attend the 13th India-Japan annual summit, detailed India’s economic and technological growth during his four-year tenure. “India is going through a massive transformative phase today. The world is appreciating India for its service to humanity. The nation is being felicitated for its policies and for the work being done towards public welfare,” Modi said.

Modi said that India is continuously working with the spirit of Indian solutions-global applications. He said that India’s model of financial inclusion, especially JAM (Jan Dhan Yojana, Mobile, Aadhar) trinity and digital transaction model, is now appreciated all over the world. He hailed the expanding network of telecommunications and internet in the country.

“Today India is making tremendous progress in the field of digital infrastructure. Broadband connectivity is reaching villages, over 100 crore mobile phones
are active in India. 1 GB data is cheaper than the smallest bottle of cold drink. This data is becoming the tool for service delivery,” Modi added.
Speaking about ‘Make in India’ initiative, Modi said that the initiative has emerged as global brand. He said that India has emerged as the leading country in innovation and is the second largest ecosystem for start-ups.

“We’re manufacturing quality products not only for India but for the world. India is becoming a global hub, especially in field of electronics and automobile manufacturing. We’re rapidly moving towards being no 1 in mobile phones manufacturing,” he said. He said that solutions
or innovations taking place in India are not only cost-effective but the best in quality as he cited India’s space programme as an example.

“Last year our scientists created a record by launching over 100 satellites into space simultaneously. We sent Chandrayaan and Mangalyaan at a very low cost. India is preparing to send Gaganyaan into space by 2022. Gaganyaan will be ‘Indian’ in all aspects and the one travelling in it will also be an Indian,” he said.
Modi said that India is becoming one of the fastest growing big economy due to the development taking place in the country.

“After seeing these developments, international agencies say that India would drive the growth of the global economy in the coming decade,” he said.
He said that Japan and the Indian diaspora has a big role
to play in India’s growth story. Modi emphasised on the Japanese contribution in creating smart infrastructure for building a ‘New India’.

“From bullet train to smart cities, Japan is contributing in all the new India infrastructure that is being built,” he said. Terming the Indian community as ambassadors of India in Japan, the Prime Minister urged them to invest in India and to maintain cultural ties with the motherland.