Prime Minister Narendra Modi on Thursday presented a 14-point agenda as part of a ‘Vision for India’s Future’. This includes competition among states for investment and green jobs. He also said that per capita income has doubled in India during his tenure.
Delivering his 11th successive Independence Day address to the nation from the ramparts of the Red Fort, Modi said there will be no compromise on reforms. “Our government is deeply committed to major reforms, and through these efforts, we aim to set the country on a path of progress” he said.
On efforts to attract more investment, the PM said projects are usually established in the states, so more work is required at their end. “I urge state governments to establish clear policies to attract investors. Provide assurance of good governance and build their confidence in the law and order situation. Every state should engage in healthy competition to attract investors. This competition will bring investment to their states, providing local youth with opportunities and creating jobs,” he said.
Progress in Banking Sectors
As development of banking sector is key to growth, he said that the government implemented multiple reforms to strengthen the banking sector. And today, as a result, “our banks have secured their place among the selected strong banks in the world. And when banks become strong, the power of the formal economy is also strengthened. When a banking system is established, it becomes the greatest strength to meet the needs of the common poor, especially middle-class families,” he said.
Income and Jobs
Taking note of growth in new employment opportunities, he said that India has made significant strides in setting new records in employment and self-employment. Today, “we have successfully doubled the per capita income. Bharat’s contribution to global growth is substantial, our exports are continuously rising, our foreign exchange reserves have doubled, and global institutions have increasingly placed their trust in Bharat,” he said.
On the need to accelerate growth alongside efforts to combat climate change, he said the focus is now on green growth and green jobs, which will generate employment while contributing to environmental protection.
Gaming prowess
Taking note of two rising sectors — domestic semiconductor manufacturing and gaming — Modi outlined India’s commitment to becoming a global leader in semiconductor production. “We have embarked on the semiconductor mission and aspire to have Made In India products which are available at competitive rates for the world. We have great talent pools and our youth should dream big in this sector,” he said,
He also said India must leverage its rich ancient legacy and literature to come up with ‘Made in India’ gaming products. “Indian professionals must lead the global gaming market, not just in playing but also in producing games. Indian games should make their mark worldwide,” he added.
Skill Mission
The growth of the manufacturing sector will need a strong skilled labour force, Modi said, referring to the Union Budget’s proposed initiatives to train India’s youth and transform the country into the “skill capital of the world”. At the same time, there should be emphasis on Indian standards becoming global benchmarks. Equally important is the ‘Design in India, Design for the World’ goal. The Prime Minister exalted indigenous design capabilities and called for creating products that cater to both domestic and international markets.
Design & Standard
According to him. when Indian Standards become international standards, it will make it easier for Indian products to receive global acceptance. This will depend on the quality of production and services and approach. Therefore, “we must focus on quality as we move forward. We have the talent. We can offer many new things to the world in the field of design. We must embrace the call of “Design in India” and move forward with the dream of “Design in India and Design for the World,” he said
Highlights of the ‘Vision for India’s Future’ agenda
- State-level Investment Competition
- Green Jobs and Green Hydrogen Mission
- Made in India Chip-Semiconductor Production
- Skill India
- Hub of Industrial Manufacturing
- ‘Design in India, Design for the World’
- Leader in Global Gaming Market
- Ease of Living Mission
- Revival of Nalanda Spirit
- Indian Standards as Global Benchmarks
- Climate Change Targets
- Medical Education Expansion
- Inducting Fresh Blood in Politics
- Swachh Bharat Mission
