India will celebrate its 100th anniversary of Independence as a developed country: Prime Minister, Mr. Narendra Modi, to India Inc

Prime Minister Mr. Narendra Modi, in a post-budget interaction with industry executives, expressed confidence that India will celebrate its 100th anniversary of independence as a developed economy. "When India celebrates 100 years of Independence, we will do so as a developed country," He stated, highlighting the nation's economic growth over the past decade and the successes achieved during his tenure. He emphasized the transformative journey towards becoming a developed India, noting, "This is not just a change in sentiment, but a change in confidence. India is the 5th largest economy in the world. That day isn't far when India will become the 3rd largest in the world." Discussing the Union Budget 2024, He underscored India's strong economic performance compared to global trends, especially during challenging times like the Covid-19 pandemic. "Despite the Covid-19 pandemic, India's fiscal prudence is a role model for the world. India is enjoying low inflation and high growth, unlike the rest of the world, which is suffering from high inflation and low growth," he said.

Reflecting on the government's tenure, Prime Minister Mr. Narendra Modi remarked on India's significant contribution to global growth, now at 16%, achieved despite numerous challenges such as Covid-19, wars, and natural disasters like cyclones and droughts. He noted that India's growth rate could have been even higher without these setbacks. He recalled discussions with India Inc. during the pandemic about revitalizing growth. "I had told you then that very soon, India will pick up on the track of progress. India has fought all obstacles and dealt with challenges. We would've grown much faster if these problems hadn't arisen," he asserted. Furthermore, he highlighted efforts to upskill the youth by introducing an internship scheme in the Union Budget 2024 to enhance employment opportunities. He invited industry experts to collaborate with the government to create more job opportunities for India's youth across various sectors.

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