Vibrant Gujarat Lecture Series

 17th  Jun 2013, Sabarmati Auditorium, Swarnim Sankul-1, Gandhinagar

Shri Modi’s speech during interactive session on “Achieving India’s Full Economic Potential” with Mr. Jim O’Niell

Mr. Jim O’Neil, Mr. Jitesh Gadhia, my colleagues from the state government, captains and representatives of industry, ladies and gentlemen.

It is a real pleasure to welcome and meet a person like Jim O’Neil. He has been a leading expert on the global economy, particularly the emerging markets. He is also well known as a currency guru. I welcome you Jim, to India and to Gujarat. I hope that today’s interaction will enrich my team and me. I am sure that we will leave the session with newer insights on the global and Indian economy.

Friends, in 2003, Goldman Sachs led by Jim, had predicted that the BRIC countries would overtake the G6 countries by 2050. The world was taken aback. We, in India, were pleasantly surprised.

In the following decade, the BRIC countries behaved to a great extent as predicted, particularly China. We were hoping that India too would grow at a similar rapid pace.

Unfortunately, however, we have not been able to achieve our full potential. Not only that the last decade has been stuck in uncertain and uneven growth. This is further compounded by policy paralysis and mis-governance. We have lost a historic opportunity in the process.

I have read Jim’s 2008 paper ‘10 Things for India to Achieve its 2050 Potential’ with keen interest. I am quite convinced about what he is saying. You will notice that many of the domains he talks about do not fall within the jurisdiction of a state government in the federal structure of India. Yet you will find considerable similarity in our approaches to growth and development. In fact, many of the ideas which Gujarat has followed and Jim professes as well are very common-sensical.

They are the basics for the development of a developing region like India or its constituents. Many of you may recollect that we started our journey with strengthening governance. It was a bad time in 2001 as we were hit by a devastating earthquake. Amongst our initial steps were setting up mechanisms for inter-departmental sharing and coordination. E-governance, system re-engineering and rigorous monitoring, were other areas of focus.

Transparency, openness and people’s participation were also insisted upon right from the beginning. The overall idea was to move from Government to Governance. From Rules and Acts to Responsible Action.

I am now happy to say that these seeds that we sowed, have grown into towering trees. Our innovations in the social sector and progress on HDI parameters have been appreciated far and wide.

Many of our initiatives have been recognized at national and international levels. This includes awards from World Bank, CAPAM and the United Nations. Another paradigm shift was weaving the entire development model around a well thought- out strategy. In the initial one month itself, we had laid out our strategy of Panchamrut or Five Nectars. This comprises of the domains of energy, water, knowledge, human resource and security.

Since then, we have been working aggressively to develop these sectors and domains on a fast track basis. We have just completed our annual school enrollment drive, which we started 10 years back. This has had a tremendous positive impact on basic education, particularly the girl child education. Starting with our focus on strengthening the primary and secondary education, we moved on to creation of new age academic institutions and universities.

The result is that today there is a six fold increase in the intake capacity of technical institutions and a four-fold increase in the number of universities. Not only the numbers, but in terms of quality as well; we have tried to engage with the global best. Earlier this year itself, 120 international and 52 national universities had come together to give a brighter shape to our higher education system.

A decade before, the financial situation of Gujarat was weak. This was further compounded by crumbling of livelihood and infrastructure due to successive   droughts and the earthquake. Our public sector units were running in losses. The state finances were running into severe fiscal deficits. Starting with tightening on the expenditure front, we improved the management of the public sector undertakings substantially.

We also enacted the Fiscal Responsibility Act and adopted various means of reducing non-developmental expenditure. Thereby, we were able to allocate more money on the development front. The result is that we are in surplus now. Most of our PSUs have turned around and have enhanced their market cap. Another beauty of this exercise is that it is achieved without levying new taxes or enhancing them.

Another front on which Gujarat stands out clearly is in establishing global linkages in trade and investment matters. In fact, Gujarat today is amongst the most preferred FDI destinations in India. Not only that, we have developed long term relationships with a large number of countries and their Industry. Our biennial global investors summit has become a platform for global tie ups. The last event held in January 2013 saw participation of 121 countries as well as most of the Indian states.

Against India’s average 2-3% agricultural growth, Gujarat’s agriculture has been growing at around 10% annually over the last decade. This has happened due to a lot of hard work on the part of government, agricultural universities and scientists, and most importantly the farmers. We have focused on water harvesting on a wide scale. At the same time we have also introduced micro irrigation techniques to ensure more crop per drop.

Simultaneously, we introduced scientific agricultural practices to enhance agricultural productivity and crop diversification. We have recently concluded our annual agri-fair which has become a platform for dissemination of knowledge in agriculture, food processing, horticulture and animal husbandry.

On the infrastructure front, we have been working with the desire to benchmark it to the best globally. We already have the best in India, but we are going further. Both on the core and industrial infrastructure, as well as social infrastructure; we have evolved PPP models and practices which are considered to be the best in India. In 2011, a joint study of The Economist and ADB established that Gujarat is the best PPP destination in India.

We are further making a huge shift in our approach by establishing large size investment regions. We are planning to promote them as global hubs of economic activity.

Ensuring environmental safety and quality has been my pre-eminent  desire. We have been insisting to do things in a way that we consume lesser Natural resources and still become more productive. We are the biggest earners of carbon credits in India.

Going further, Gujarat has emerged as a global hub of solar energy in addition to its sizeable share in wind energy. We have established Asia’s biggest solar park with a capacity of 600 mega watts. We are also keen on developing eco-friendly practices and systems, particularly in our urban and industrial locations.  We are working with the motto of Gujarat’s growth for India’s growth. We know that India cannot develop unless the States develop.

We also know that there is a lot to be done by us in the states, particularly if India has to achieve its full potential.

We can definitely do better if the national policies are aligned towards a greater vision of a developed India. I am a positive person.  I am sure that we will do even better than predicted by Jim.

 

Thank you.  

  • Reena chaurasia September 01, 2024

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India remains a committed partner in Africa’s development journey: PM Modi in Parliament of Ghana
July 03, 2025
QuoteAs the representative of the world’s largest democracy, I bring with me the goodwill and greetings of 1.4 billion Indians: PM
QuoteTrue democracy promotes discussion and debate; It unites people; it supports dignity and promotes human rights: PM
QuoteFor us, democracy is not merely a system; It is a part of our fundamental values: PM
QuoteThe histories of India and Ghana bear the scars of colonial rule; But our spirits have always remained free and fearless: PM
QuoteThe world order created after the Second World War is changing fast; the revolution in technology, the rise of the Global South and the shifting demographics are contributing to its pace and scale: PM
QuoteThe changing circumstances demand credible and effective reforms in global governance: Prime Minister
QuoteProgress cannot come without giving voice to the Global South: PM
QuoteToday, India is the fastest-growing emerging economy: PM
QuoteIndia is an innovation and technology hub, where global companies want to converge: PM
QuoteA strong India will contribute to a more stable and prosperous world: PM

The Right Honourable Speaker,

Leadership of the House,

Honourable Members of Parliament,

Members of the Council of State,

Members of the Diplomatic Corps,

Representatives of Political Parties,

The Ga Maan Tasse,

Independent Constitutional bodies,

Civil Society Organizations,

The Indian Community in Ghana,

Maachhhe !

Good morning!

I am deeply honoured to address this esteemed House today.

It is a privilege to be in Ghana - a land that radiates the spirit of democracy, dignity, and resilience. As the representative of the world’s largest democracy, I bring with me the goodwill and greetings of 1.4 billion Indians.

Ghana is known as the land of gold, not just for what lies under your soil, but as much for the warmth and strength in your hearts. When we look at Ghana, we see a nation that shines with courage that rises above history that meets every challenge with dignity and grace. Your commitment to democratic ideals and inclusive progress truly makes Ghana a beacon of inspiration for the entire African continent.

Friends,

Last evening was a deeply moving experience. Receiving your national award from my dear friend, President Mahama, is an honour. I will always cherish it.

इस सम्मान के लिए में 140 करोड़ भारतीयों की तरफ से घाना के लोगों का आभार व्यक्त करता हूँ।

On behalf of the 1.4 billion people of India, I thank the people of Ghana for this honour. I dedicate it to the enduring friendship and shared values that bind India and Ghana.

|

Distinguished members,

Earlier today, I had the honour of paying tribute to a visionary statesman, and beloved son of Ghana Dr. Kwame Nkrumah.

He once said,

"The forces that unite us are intrinsic and greater than the super-imposed influences that keep us apart.”

His words continue to guide our shared journey. His vision was a democratic Republic, built on strong institutions. True democracy promotes discussion and debate. It unites people. It supports dignity and promotes human rights. Democratic values may take time to grow. But it is our responsibility to preserve and nurture them.

Friends,

India is the mother of Democracy.

हमारे लिए लोकतंत्र एक system नहीं, एक संस्कार है
हजारों वर्षों से लोकतंत्र ने भारतीय समाज को निरंतर गति दी है

For us, democracy is not merely a system. It is a part of our fundamental values. From thousands of years ago, we have examples of centers like Vaishali. The Rig Veda, one of the world’s oldest scriptures, says:

आनो भद्राः क्रतवो यन्तु विश्वतः

It means, let good thoughts come to us from all directions.

This openness to ideas is the core of democracy. India has over two thousand five hundred political parties. I repeat, two thousand five hundred political parties. Twenty different parties governing different states, twenty-two official languages, thousands of dialects.

This is also the reason that people who came to India have always been welcomed with open hearts. The same spirit helps Indians integrate easily wherever they go. Even in Ghana, they have blended into society, just like sugar in tea.

Distinguished Members,

The histories of India and Ghana bear the scars of colonial rule. But our spirits have always remained free and fearless. We draw strength and inspiration from our rich heritage. We take pride in our social, cultural and linguistic diversity.

We built nations rooted in freedom, unity, and dignity. Our relationship knows no bounds. And with your permission, may I say, our friendship is sweeter than your famous ‘Sugarloaf’ pineapple. With President Mahama, we have decided to elevate our ties to a comprehensive partnership.

|

Friends,

The world order created after the Second World War is changing fast. The revolution in technology, the rise of the Global South, and the shifting demographics are contributing to its pace and scale. The challenges such as colonial rule that humanity has faced in the earlier centuries, still persist in different forms.

The world is also facing new and complex crises such as climate change, pandemics, terrorism, and cybersecurity. Institutions created in the last century are struggling to respond. The changing circumstances demand credible and effective reforms in global governance.

Progress cannot come without giving voice to the Global South. We need more than slogans. We need action. That is why, during India’s G20 Presidency, we worked with the vision - One Earth, One Family, One Future.

We put emphasis on Africa’s rightful place at the global high table. We are proud that the African Union became a permanent member of the G20 during our Presidency.

Friends,

For India, our philosophy is - Humanity First.

We believe in :

सर्वे भवन्तु सुखिनः ,
सर्वे सन्तु निरामयाः।
सर्वे भद्राणि पश्यन्तु ,
मा किश्चत दुःखभाग्भवेत्॥

It means,

"May all be happy,
May all be free from illness,
May all see what is auspicious ,
May no one suffer in any way.”

This philosophy embodies India’s approach to the world. It guided our actions during the COVID pandemic. We shared vaccines and medicines with over 150 countries, including our friends in Ghana.

We launched Mission LiFE - Lifestyle For Environment, to address climate change and promote sustainable living. This inclusive spirit powers our global initiatives like:

One World, One Sun, One Grid;

One World One Health; for a healthier planet;

International Solar Alliance; to encourage solar energy and sustainability;

International Big Cats Alliance; to protect wildlife;

and the Global Biofuels Alliance; to advance clean biofuels and cut carbon emissions.

I am glad that Ghana, as a founding member, will host the African Regional Meeting for the International Solar Alliance this September. This demonstrates our shared belief that the world is one family.

Distinguished members,

Over the past decade, India has seen a major transformation. The people of India have reposed their faith in peace, security, and development. Last year, they re-elected the same government for the third consecutive time. Something, that happened after more than six decades.

Today, India is the fastest growing emerging economy. On the foundations of stable polity and good governance, India will soon be the third largest economy.

We already contribute nearly 16% to global growth. Our demography is paying its dividend. India now has the world’s third largest start -up ecosystem. India is an innovation and technology hub, where global companies want to converge.

We are recognised as the Pharmacy of the world. Indian women today lead in science, space, aviation and sports. India landed on the Moon. And, today an Indian is in orbit giving wings to our human space flight mission.

कितना सुखद संयोग है कि, भारत के कई गौरव भरे क्षणों में, अफ्रीका जुड़ा हुआ है। जब भारत के चंद्रयान ने, चाँद के साउथ pole पर लैंड कया, तो उस दिन भी मैं अफ्रीका में था। और आज , जब एक भारतीय एस्ट्रोनॉट, मानवता के उज्ज्वल भविष्य के लिए , space स्टेशन में experiments कर रहा है , मैं एक बार फिर अफ्रीका मैं हूँ ।

Africa has been connected to many of India’s proudest moments in space. When India’s Chandrayaan landed on the Moon’s South Pole, I was in Africa. And today, as an Indian astronaut conducts experiments onboard Space Station for the welfare of humanity — I am once again in Africa.

This is no ordinary coincidence. It reflects the deep bond we share, our common aspirations, and our shared future. Our development is inclusive. Our growth touches the lives of every Indian.

The people of India have resolved to make India a Developed Nation by 2047, when we celebrate 100 years of Independence. As Ghana continues to pursue the path of progress and prosperity, India shall walk with you, shoulder to shoulder, on this road.

|

Friends,

आज ग्लोबल उठा-पटक, हर कसी के लिए चिंता का कारण है। ऐसे में, भारत का लोकतंत्र, आशा की किरण बना हुआ हैं । उसी प्रकार, भारत की विकास यात्रा, ग्लोबल ग्रोथ को गति देने वाली है। विश्व का सबसे बड़ा लोकतंत्र , एक ऐसा स्तंभ है , जो जितना मज़बूत होगा, दुनिया को उतना ही सशक्त बनाएगा। वैश्विक स्थिरता बढ़ाने में योगदान करेगा।

In these times of global uncertainty, India's democratic stability shines as a ray of hope. India’s rapid progress is a catalyst for global growth. As the world’s largest democracy, India is a pillar of strength for the world. A strong India, will contribute to a more stable and prosperous world. After all, our mantra is:

सबका साथ, सबका विकास, सबका विश्वास, सबका प्रयास

It means "Together, for everyone’s growth with everyone’s trust and effort.”

India remains a committed partner in Africa’s development journey. We support Africa's Development Framework, Agenda 2063, to secure a bright and sustainable future for its people.

Africa’s goals are our priorities. Our approach is to grow together as equals. Our development partnership with Africa is demand-driven. It is focussed on building local capacities and creating local opportunities. Our objective is not just to invest, but to empower. To help develop self-sustaining eco-systems.

It is my honour to give further momentum to this partnership. In 2015, we hosted the India-Africa Summit. President Mahama was one of our esteemed Guests. In 2017, India hosted the annual meeting of the African Development Bank. We have expanded our diplomatic presence to 46 countries across Africa.

Over 200 projects across the continent enhance connectivity, infrastructure and Industrial capacity. Every year, our India-Africa Business conclave generates new opportunities.

In Ghana, we inaugurated the Tema – Mpakadan rail line last year. It is the largest infrastructure project in this part of the African region. We welcome Ghana’s own efforts to accelerate economic integration under the African Continental Free Trade Area.

Ghana also holds great potential to become an IT and innovation hub in the region. Together, we will shape a future, full of promise and progress.

Distinguished Members,

Free and fair elections are the soul of any democracy. It is encouraging to see our Electoral Commissions working closely together. I am confident that India’s Election Commission will be honoured to share its experiences in conducting the world’s largest elections with full trust and transparency.

Parliamentary exchanges are also a cornerstone of the relationship between our two democracies. I recall the Commonwealth Parliamentary Association Meeting held in Accra in 2023. It welcomed the largest Indian Parliamentary delegation to Ghana, including state legislatures in India. We deeply value such vibrant dialogue.

I welcome the establishment of Ghana-India Parliamentary Friendship Society in your Parliament. I propose to further reinforce our Parliamentary ties. I invite you to visit the new Parliament of India. You will be able to see the bold steps we have taken to reserve one-third of seats in the Indian Parliament and State Assemblies for women.

You can witness the debate and discussions that are the hallmark of Indian democracy. I assure you, they are as spirited and passionate as the game of your beloved-Black Stars!

Friends,

India and Ghana share a dream. A dream where every child gets opportunities. Where every voice is heard. Where nations rise together, not apart.

Dr Nkrumah had said, and I quote: "I am not African because I was born in Africa. But because Africa was born in me.”

In the same way, India carries Africa in its heart. Let us build a partnership not only for today, but for generations to come.

Thank you.

मेदा - मुआसे !