Resolve of reform, perform and transform has made India fastest-growing economy: Prez

Resolve of reform, perform and transform has made India fastest-growing economy: Prez

New Delhi, June 27 : President Droupadi Murmu on Thursday said the resolve of “reform, perform and transform” has made India the world’s fastest-growing economy.

Addressing a joint sitting of Parliament for the first time after the formation of the third Narendra Modi-led National Democratic Alliance (NDA) government, President Murmu said, “In 10 years, India rose from the 11th position to become the 5th largest economy and despite a pandemic and conflicts in different parts of the world, India has been able to achieve this growth rate”.

“The resolve to reform, perform and transform has made India the world’s fastest-growing economy,” she said.

“This became possible due to the reforms and decisions taken in national interest in the last 10 years” he added.

Speaking about the reforms undertaken by the Modi government in the last 10 years, the President said, “Today, India contributes 15 percent of the global growth and the government is working towards making India the 3rd largest economy in the world”.

Highlighting the other development projects, the President said the government is giving equal importance to all three pillars of the economy – manufacturing, services and agriculture.

The President added that PLI schemes and Ease of Doing Business are increasing investment and employment opportunities on a large scale.

Talking about farmers, President Murmu said that more than Rs. 3 lakh 20 thousand crore has been given to them under PM Kisan Samman Nidhi.

The President said the government has also made a record increase in the MSP for Kharif crops.

“Today’s India is changing its agriculture system keeping in mind its current needs. Nowadays, the demand for organic products is increasing rapidly in the world. Indian farmers have the full capacity to meet this demand” she further added.

Turning to the Defence sector, the President said, following the reforms, India has upped its defence manufacturing to more than Rs 1 lakh crores

“In the last decade, our defence exports have increased by 18 times and touched Rs 21,000 crores” she said.

The President also congratulated the new Members of parliament and the Lok Sabha speaker Om Birla.

She said, “A stable government with a complete majority has been formed in the country after six decades. People have shown trust in this Government for the third time.

“People are aware that only this Govt can fulfil their aspirations…The 18th Lok Sabha is historic in many ways” she said.

On the upcoming Union Budget, the President said, it would be an effective document of the government’s far-reaching policies and futuristic vision…Along with big economic and social decisions, many historic steps will also be seen in this budget”.

Hailing the role of Election Commission for the successful conduct of the “free and fair” Lok Sabha elections, the President said, “This was the biggest election in the world…Decades-long records of voting have been broken in J&K”.

“For the past 4 decades, Kashmir witnessed low voting amid shutdowns and strikes. India’s enemies propagated it as the opinion of Kashmir, on international forums. But this time, Kashmir valley gave a befitting reply to all such forces” she said.

Touching upon the issuea in the Northeast, The President said for the development of the Northeast, the government has increased the (budget) allocation by over 4 times in the last 10 years.

“My Government is working continuously to bring peace in the Northeast. In the last 10 years, several old issues have been resolved, several agreements have been made and phase-wise repealing of AFSPA is underway in areas with unrest after making rapid progress there” she said.


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