PM addresses Economic Times Global Business Summit

Published By : Admin | February 23, 2018 | 21:52 IST
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The Prime Minister, Shri Narendra Modi, today addressed the Economic Times Global Business Summit in New Delhi, on the theme: New Economy – New Rules.

Noting that the Union Government is going to complete four years of assuming office in a few months, he said that a definite change is now visible. He said this change in the economic and social content, represents the essence of the New Rules for the New India and the New Economy.

The Prime Minister said that within the last four years, the discourse has changed from India being a “Fragile Five” economy, to the target of India becoming a “Five Trillion Dollar” economy. The Prime Minister presented facts and figures to indicate how India is playing a key role in the entire world’s growth. He said that in nominal terms, India’s share of the world GDP has risen from 2.4% in 2013, to 3.1% in 2017. He said India is performing better on various macro-economic parameters.

The Prime Minister said that this change has come about due to a new approach and a new work culture. He said India’s competitiveness is being validated by the entire world today.

Shri Narendra Modi recalled that when he had last attended this Global Business Summit, GST was still, just a possibility. Today, he added, it is a reality, which has delivered a better tax compliance system and a better revenue system. The Prime Minister mentioned other reforms such as the Insolvency and Bankruptcy Code.

The Prime Minister said that speed, scale and sensitivity are important to ensure the success of the Government’s initiatives. He gave some examples of the increase in pace in the infrastructure sector.

The Prime Minister said that there is unprecedented investment being made today in infrastructure, agriculture, technology, health sector, and education sector.

The Prime Minister mentioned the initiatives taken in the health sector, such as Mission Indradhanush, Jan Aushadhi Stores, and the Ayushman Bharat scheme.

Talking about the Digital India Mission, the Prime Minister said that the trinity of 100 crore bank accounts, 100 crore Aadhaar cards and 100 crore mobile phones, would create a unique ecosystem, not seen anywhere else in the world. He also spoke of initiatives taken for the MSME sector.

The Prime Minister recalled that in his last address at the Economic Times Global Business Summit, he had spoken of Housing for All,Power for All, Clean Cooking for All, Health for All,and Insurance for All. He outlined the steps that have been taken in this regard in house construction, Saubhagya Yojana, Ujjwala Yojana, and insurance. Saying that the Government’s initiatives are aimed at empowering the poor, the Prime Minister also mentioned the construction of toilets, distribution of loans through the Mudra Yojana, and distribution of soil health cards.

The Prime Minister mentioned the announcement in the recent Union Budget, on MSP.

The Prime Minister appealed that those entrusted with the responsibility of ensuring rules and ethics in various financial institutions, should work with full dedication – especially those who are responsible for supervising and monitoring. He made it clear that the Government would take strict action against irregularities in financial matters. He said that the illegal accumulation of people’s money is unacceptable, and this is the basic mantra of “New Economy – New Rules.”

 

 

 

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Prime Minister expresses grief over loss of lives in mishap in Nanded
September 11, 2026
Prime Minister announces ex-gratia from PMNRF

The Prime Minister, Shri Narendra Modi has expressed grief over the loss of lives due to a mishap in Nanded, Maharashtra.

The Prime Minister conveyed his thoughts to the bereaved families in this hour of grief and prayed for the speedy recovery of the injured.

Shri Modi announced that an ex-gratia of Rs. 2 lakh from the Prime Minister’s National Relief Fund (PMNRF) would be given to the next of kin of each deceased. The injured would be given Rs. 50,000.

In a post on X, the Prime Minister’s Office said;

“Saddened by the loss of lives due to a mishap in Nanded, Maharashtra. My thoughts are with the bereaved families in this hour of grief. Praying for the speedy recovery of the injured.

An ex-gratia of Rs. 2 lakh from PMNRF would be given to the next of kin of each deceased. The injured would be given Rs. 50,000: PM @narendramodi”