30 July 2024 Punjab Khabarnama : Prime Minister Narendra Modi on Tuesday hailed India’s development journey during his address to industry leaders, days after the NDA 3.0 government tabled Budget 2024. Addressing the conference ‘Journey Towards Viksit Bharat: A Post Union Budget 2024-25 Conference’, at Vigyan Bhawan, PM Modi said that India will soon become the 3rd largest economy in the world.
Here are the top quotes from his address:
- India will run towards development at breakneck speed, said PM Modi
- Today, India is the 5th largest economy in the world. It won’t be long before we become the 3rd largest: PM Modi
- Our government has pulled India out of “maha sankat” (mega crisis)
- The size of the last Budget of UPA government in FY14 was Rs 16 lakh crore. Today, it is 3-times its size at Rs 48 lakh crore
- All of you are a witness to the speed and scale of infrastructure development under NDA, PM Modi tells industry leaders
- Despite global headwinds, India only ‘high growth, low inflation’ country in the world, says PM Modi
- Keeping Industry 4.0 in mind, skill development and employment are the focus areas of the government
- Capital expenditure, which is called the most productive medium of resource investment, its figures are very interesting. In 2004, UPA govt was formed, and in their first Budget, it was Rs 90,000 crore. In 2014 (10th year of UPA govt), it was Rs 2 lakh crore. Today, it is more than Rs 11 lakh crore. Budget allocation has increased manifold in many sectors
- India’s fiscal prudence is a role model for the whole world
- As many as 25 crore people lifted out of poverty in last 10 years; we are focusing on ease of living, skill development, employment: PM Modi
- Govt has made a record increase in allocation of ministries in the past 10 years, while tax rates have been reduced to record low
- Have addressed challenges faced by MSMEs in Budget 2024 by taking steps to reduce their compliance burden, aiding formalisation
- We will soon begin auction of offshore mineral blocks, today India is top manufacturer of mobile phones: PM Modi
- The whole world is looking at India today. India’s policies and ethics and aims and investment, is basis for progress for the whole world
- The world today wants to invest in India, world leaders are interested in India. This is a golden chance for Indian industry and we must not lose this opportunity
- Want every state to create an investor friendly charter to attract investments. Don’t want any state to be left behind when it comes to attracting investment: PM Modi
- We have increased railway budget by 8 times as compared to the 10 years of the previous government, highways budget by 8 times, agriculture budget more than 4 times and the budget for defence has been increased by more than twice
- Confident that when India will complete 100 years of independence, we will celebrate our 100th year as Viksit Bharat, says PM Modi