India’s economic progress
is example for world,
we are fastest; says Modi


NEW DELHI: Prime Minister Narendra Modi on Monday said that economy of India was the fastest-growing globally and the world has taken note of the country’s economic strides that too in the middle of a once-in-a-lifetime pandemic.

“Today India among other big economies is the fastest growing economy. Even during the COVID-19 period, our farmers produced record quantity foodgrains. Over 80 crore people of the country were provided with free ration,” the Prime Minister said while participating in the debate on the motion of thanks on the President’s address in Lok Sabha.

Indian Prime Minister Narendra Modi addresses at Lok Sabha.

PM Modi said that the country’s handling of the pandemic is an “example for the world.”

Noting a rise in the exports of the country, the Prime Minister said that India has recorded highest exports in various sectors including krishi (agriculture), mobile, software and defence.

India is making its identity in defence exports as well, said Prime Minister Modi adding that it is because of the country’s vision of Atmanirbhar Bharat.

“Total exports of India have touched record high figures even despite the pandemic,” the Prime Minister said.

He also noted that India recorded highest ever FDI inflow even amidst these trying times of COVID-19 pandemic.

PM GatiShakti National Master Plan, the Prime Minister said, will encompass economic transformation, seamless multimodal connectivity and logistics efficiency.

From manufacturing to service sector, under Aatmanirbhar Bharat campaign, PM Modi said that India is now becoming part of the global value chain. “Our big focus is on MSMEs and textile – the labour-intensive sectors,” he added.

Indian Prime Minister Narendra Modi addresses at Lok Sabha.

To protect Micro, Small and Medium Enterprises (MSMEs), the government has formulated a scheme worth Rs 3 lakh crore, he said.

Highlighting the works of the government, the Prime Minister said that “For the first time under Svanidhi Yojana, our street vendors are getting loans and are benefitting from digital transactions.”

“Space, defence, drones and mining are open to private sector, inviting them to be a part of India’s development,” PM Modi said.

Tributes to Lata Mangeshkar

Prime Minister Narendra Modi on Monday paid glowing tributes to legendary singer Lata Mangeshkar at the beginning of his speech on the motion of thanks to the President’s Address in the Lok Sabha.

He said the singer sang in 36 languages and it was an inspiring example for the country’s unity and integrity. 

“Lata Mangeshkar moved an entire nation. She also brought the whole nation together. I pay my respectful tribute,” he said.

He said her voice impressed the country and inspired the people.

Lata Mangeshkar passed away on Sunday due to multi-organ failure. She was 92.

Lok Sabha earlier in the day paid tributes to the legendary singer.  Speaker Om Birla adjourned the House for an hour.

New world order post COVID

Prime Minister Narendra Modi on Monday said that there is a new world order after the COVID pandemic and India should seize this opportunity for a global leadership role.

Participating in the debate on the motion of thanks on the President’s Address, Prime Minister told Lok Sabha, “The world is moving very fast towards new world order, new systems following the COVID pandemic. India should not miss this opportunity. Azadi Ka Amrit Mahotsav is the perfect time to think about how India can play a global leadership role in the coming years.

“It is equally true that India has made several developmental strides in the last few years.  Work has been done to strengthen the infrastructure of the country. Earlier, the gas connection was a status symbol. Now, the poorest of the poor have access to it. The poor have access to bank accounts, DBT is helping in service delivery…these are major changes,” he added.

The 2022 Budget Session of the Parliament commenced on January 31 with President Ram Nath Kovind’s address. The first part of the budget session is being held from January 31 to February 11 and the second part will take place from March 14 to April 8. (ANI)