India will be global hub for sunrise sectors: PM
Advises India Inc to capitalise on business potential as global investors looking at world’s fastest growing economy
During my 3rd term, India will become the third largest global economy. The budget is focused on skill development, employment keeping in mind industry 4.0 - Narendra Modi, PM
Viksit Barat:
- Industrial parks coming up in 100 cities
- These parks will emerge as industrial hubs
- Auction of offshore mineral blocks soon
- Mfg ecosystem transformed in last 10 years
- Big focus on MSMEs, jobs
- India has 1.40 lakh startups
- 8 cr people started business with Mudra loans
- As many as 25 cr people lifted out of poverty in last 10 years
New Delhi: Prime Minister Narendra Modi on Tuesday said that as India is headed to become the third largest economy soon, he was confident that the country will emerge as a global player in the sunrise sectors such as semiconductors, electronics manufacturing and green energy.
Addressing the inaugural session of ‘Journey Towards Viksit Bharat: A Post Union Budget 2024-25 Conference’ at the Vigyan Bhavan here, PM Modi said new opportunities are emerging in sunrise sectors and India Inc must capitalise on them.
“The intent and commitment of the government is clear. Whether it is nation first, or $5 trillion economy, Aatmanirbhar Bharat, Viksit Bharat--we are working with full focus. The whole world is looking at India today. India’s policies and ethics and aims and investment is the basis for progress for the whole world,” the Prime Minister remarked.
PM Modi said that despite global headwinds, India is the only ‘high growth, low inflation’ country in the world in contrast to the “low growth, high inflation” other countries. India’s fiscal prudence is a role model for the world,” he added.
“The world today wants to invest in India, and world leaders are positive about India. This is a golden chance for Indian industry and we must not lose this opportunity,” he told the captains of Indian industry.
“I sincerely believe that industry will help make India a global player in sunrise sectors. A confident India will become a global player,” the Prime Minister said. “The wealth creators are the driving force for India’s growth story,” he remarked.