PM Modi addresses the first "Arun Jaitley Memorial Lecture" in New Delhi

Published By : Admin | July 8, 2022 | 18:30 IST
“Shinzo Abe will remain in the hearts of Indians for years to come”
Arun Jaitley’s personality was full of diversity and his nature was friendly to all. Everyone feels his absence”
“The gist of my experiences of 20 years as Head of Government is that - without inclusion, real growth and without growth the goal of inclusion cannot be accomplished”
“Speed and scale of inclusion in the last 8 years is unprecedented”
“Today's India is preparing a roadmap for the next 25 years with ‘Reforms by conviction’ rather than ‘Reforms by Compulsion’”
“We do not consider reforms as a necessary evil but a win-win choice”
“Our policy-making is based on the pulse of the people”
“We did not let the policy come under the pressure of populist impulses”
“Now is the time that the government should encourage the private sector as a partner in progress and we are moving forward in this direction”

The Prime Minister, Shri Narendra Modi attended the first ‘Arun Jaitley Memorial Lecture’ (AJML), by Mr. Tharman Shanmugaratnam, Senior Minister, Government of Singapore, today at New Delhi. The Prime Minister also addressed the gathering during the event.

Speaking on the occasion, the Prime Minister recalled his close friendship with the former Prime Minister of Japan Mr Shinzo Abe, who passed away today. Paying rich tributes to Mr Abe, the Prime Minister said that today is a day of irreparable loss and unbearable pain for him. Calling Mr Abe a reliable friend of India, the Prime Minister underlined the growth of India-Japan relations based on the shared heritage of the two countries during the tenure of Mr Shinzo Abe. Through the projects that are being undertaken with the help of Japan, Mr Abe will remain in the hearts of Indians for years to come, he said.

The Prime Minister fondly remembered his other friend, Shri Arun Jaitley in whose memory today’s programme was held. The Prime Minister said “ When we remember the days gone by, I remember many things about them, many incidents related to them. We all were in awe of his oratory. His personality was full of diversity, his nature was friendly to all.” The Prime Minister recalled Shri Jaitely’s enduring one-liners. Paying homage to Shri Jaitley, the Prime Minister said that everyone feels his absence.

The Prime Minister thanked Mr. Tharman Shanmugaratnam, Senior Minister, Government of Singapore, for his ‘Arun Jaitley Memorial Lecture’. He praised the depth of his intellect, research and inclusion of local touch in his research. The Prime Minister said that the topic of today’s lecture “Growth through Inclusivity, Inclusivity through Growth’ is the foundation of the government’s development policy. “In simple terms, this theme, according to me, is Sabka Saath Sabka Vikas”, he said.

The theme, the Prime Minister continued, captures the challenges and dilemmas of today’s policy makers. The Prime MInister posed the question “Is right growth possible without inclusion? Can inclusion be thought of without growth?” The Prime Minister replied “The gist of my experiences of 20 years as Head of Government is that - without inclusion, real growth is not possible. And, without growth the goal of inclusion too cannot be accomplished.” That is why, he added, ‘we adopted the way of growth through inclusivity and tried for everyone’s inclusion’.

He said the speed and scale of inclusion in the last 8 years has been unprecedented in the world. To illustrate his point, the Prime Minister listed measures like providing gas connections to more than 9 crore women, more than 10 crore toilets for the poor, more than 45 crore Jan Dhan accounts, 3 crore pucca houses to the poor. He further explained that by ensuring free treatment of upto Rs 5 lakh for 50 crore people under Ayushman Scheme and more than 3.5 crore patients having availed the free treatment in the last 4 years, inclusion was focussed but this led to increased demand and much better growth and opportunities as almost one third population of India came in the ambit of quality healthcare. Ayushman Bharat has transformed the healthcare sector in India, he said and went on to describe the strides in the healthcare infrastructure. He pointed out that “before 2014, the average of our country was that 50 medical colleges were built in 10 years. Whereas in the last 7-8 years, 209 new medical colleges have been built in India, more than 4 times than before.” Furthermore, “There has been an increase of 75% in undergraduate medical seats in India in the last 7-8 years. Now the number of annual total medical seats has almost doubled in India.” The Prime Minister said through these figures we can see the impact of an inclusivity scheme on the growth of the sector.

The Prime MInister said through 5 lakh common service centres, UPI and PM SVANidhi scheme for street vendors the ambit of inclusion has been widened. Similarly, Aspirational District and education in mother tongue in NEP, UDAN scheme for making air travel accessible are leading to both inclusion and growth. He also talked of massive inclusion through Har Ghar Jal by providing 6 crore tap water connections. Through the SVAMITVA scheme property rights of the most vulnerable sections are being ensured. Already 80 lakh property cards have been issued, enabling them to avail finances.

“Today's India is preparing a roadmap for the coming 25 years with Reforms by conviction rather than Reforms by Compulsion. Earlier, major reforms took place in India only when the earlier governments were left with no other option. We do not consider reforms as a necessary evil but a win-win choice, in which there is national interest and public interest '' he said. The Prime Minister continued elaborating the government’s approach to reforms “Our policy-making is based on the pulse of the people. We listen to more and more people, understand their needs and their aspirations. That's why we did not let the policy come under the pressure of populist impulses.”

The Prime Minister said that the approach of Minimum Government and Maximum Governance is yielding great results. He gave an example of partnership of private and public sector in vaccine development for covid. “Private players of our country have done a very good job. But behind them stood the full force of the government in the form of a partner in progress. Today India is one of the most reliable and state-of-the-art Space Service Providers in the whole world. Our Private Sector Ecosystem is doing a great job in this area too. But behind them also, as a ‘Partner in Progress’, the government is standing with full power”, he said. “Now only the extreme models dominated by the private sector or government have become obsolete. Now is the time that the government should encourage the private sector as a partner in progress and we are moving forward in this direction”, he added.

The Prime Minister said that thinking about tourism is also expanding in India. He said recent Yoga Day celebrations at 75 iconic places made people aware of many new places of tourism.

The Prime Minister remarked that Azadi Ka Amrit Kaal is bringing many opportunities for the country and our resolve to achieve them is unshakable.

The keynote address at the first AJML was delivered by Mr. Tharman Shanmugaratnam, Senior Minister, Government of Singapore, on “Growth through Inclusivity, Inclusivity through Growth’. The lecture was followed by a panel discussion by Mr. Mathias Cormann (OECD Secretary-General) and Shri Arvind Panagariya (Professor, Columbia University).

The Department of Economic Affairs, Ministry of Finance organised the first ‘Arun Jaitley Memorial Lecture’ in recognition of Shri Arun Jaitley’s invaluable contribution to the nation.

The Prime Minister also interacted with the delegates participating in the Kautilya Economic Conclave (KEC), a three day event being organised from 8th to 10th July.

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PM Modi addresses a gathering at Changlimethang Celebration Ground in Thimphu, Bhutan
November 11, 2025
For centuries, India and Bhutan have shared a very deep spiritual and cultural bond, And so, it was India's commitment and mine to participate in this important occasion: PM
I come to Bhutan with a very heavy heart. The horrific incident that took place in Delhi yesterday evening has disturbed everyone: PM
Our investigating agencies will get to the bottom of the Delhi blast conspiracy. The perpetrators will not be spared, and all those responsible will be brought to justice: PM
India draws inspiration from its ancient ideal ‘Vasudhaiva Kutumbakam’, the whole world is one family, we emphasise on happiness for everyone: PM
The idea proposed by His majesty of Bhutan, "Gross National Happiness," has become an important parameter for defining growth across the world: PM
India and Bhutan are not just connected by borders, they are connected by cultures, Our relationship is one of values, emotions, peace and progress: PM
Today, Bhutan has become the world's first carbon-negative country, This is an extraordinary achievement: PM
Bhutan ranks among the world’s leaders in per-capita renewable energy and generates 100% of its electricity from renewable sources. Today, another major step is being taken to expand this capacity: PM
Connectivity Creates Opportunity, and Opportunity Creates Prosperity, May India and Bhutan continue on the path of Peace, Prosperity and Shared Progress: PM

Prime Minister Shri Narendra Modi addressed a gathering at Changlimethang Celebration Ground in Thimphu, Bhutan today. Prime Minister extended warm greetings to The King of Bhutan, His Majesty, Jigme Khesar Namgyel Wangchuck and the Fourth King, His Majesty, Jigme Singye Wangchuck. He respectfully acknowledged the esteemed members of the Royal Family, the Prime Minister of Bhutan, H.E. Mr. Tshering Tobgay, and other distinguished dignitaries present.

Prime Minister remarked that today is a significant day for Bhutan, for the Royal Family of Bhutan, and for all those who believe in world peace. He highlighted the deep emotional and cultural ties between India and Bhutan that have existed for centuries, and stated that participating in this important occasion was a commitment of both India and himself. However, Shri Modi noted that he arrived in Bhutan with a heavy heart, as the horrific incident that occurred in Delhi last evening has deeply disturbed everyone. He expressed his understanding of the grief of the affected families and affirmed that the entire nation stands with them. The Prime Minister shared that he was in constant contact throughout the night with all agencies involved in investigating the incident. He emphasized that Indian agencies will uncover the full conspiracy and assured that the conspirators behind the attack will not be spared. “All those responsible will be brought to justice”, declared the Prime Minister.

Highlighting that today, under the blessings of Guru Padmasambhava, Shri Modi noted that the Global Peace Prayer Festival is being held in Bhutan, alongside the sacred viewing of Lord Buddha’s Piprahwa relics. He noted that this occasion also marks the celebration of the 70th birth anniversary of His Majesty, The Fourth King, with the dignified presence of so many individuals reflecting the strength of India-Bhutan relations.

Emphasising that India draws inspiration from the ancient ideal of "Vasudhaiva Kutumbakam"—the world is one family, the Prime Minister reiterated India’s prayers for universal happiness through the mantra "Sarve Bhavantu Sukhinah" and invoked the Vedic verses calling for peace in the heavens, space, earth, water, herbs, vegetation, and all living beings. He stated that with these sentiments, India joins Bhutan in the Global Peace Prayer Festival, where saints from across the world are united in praying for global peace, and 140 crore Indians’ prayers are part of this collective spirit. Shri Modi shared that few may know that Vadnagar in Gujarat, his birthplace, is a sacred site linked to Buddhist tradition, and Varanasi in Uttar Pradesh, his workplace, is a pinnacle of Buddhist reverence. He remarked that attending this ceremony is therefore personally meaningful and added that the lamp of peace may illuminate every home in Bhutan and across the world.

Paying tribute to His Majesty The Fourth King of Bhutan, describing his life as a confluence of wisdom, simplicity, courage, and selfless service to the nation, Shri Modi noted that His Majesty assumed great responsibility at the young age of 16, nurturing the country with paternal affection and visionary leadership. The Prime Minister highlighted that during his 34-year reign, His Majesty advanced Bhutan by preserving its heritage while ensuring development. From establishing democratic institutions to fostering peace in border areas, His Majesty played a decisive role. The Prime Minister further emphasized that the concept of “Gross National Happiness” introduced by His Majesty has become a globally recognized parameter for defining growth. He remarked that His Majesty has demonstrated that nation-building is not solely about GDP, but about the welfare of humanity.

Shri Modi stated that His Majesty The Fourth King of Bhutan has played a pivotal role in strengthening the friendship between India and Bhutan. He noted that the foundation laid by His Majesty continues to nourish the flourishing ties between the two nations. On behalf of all Indians, the Prime Minister extended heartfelt greetings to His Majesty and wished him good health and a long life.

“India and Bhutan are not just connected by borders, they are connected by cultures. Our relationship is one of values, emotions, peace and progress”, emphasised Shri Modi. Recalling his first foreign visit to Bhutan after assuming office in 2014, the Prime Minister shared that the memories of that visit still fill him with emotion. He underlined the strength and richness of India-Bhutan relations, noting that both countries have stood together in times of difficulty, faced challenges jointly, and are now moving forward together on the path of progress and prosperity. Shri Modi remarked that His Majesty The King is leading Bhutan to new heights, and the partnership of trust and development between India and Bhutan stands as a significant model for the entire region.

Highlighting that as India and Bhutan advance rapidly, their energy partnership is propelling this growth, the Prime Minister noted that the foundation of the India-Bhutan hydropower collaboration was laid under the leadership of His Majesty The Fourth King. Both His Majesty The Fourth King and His Majesty The Fifth King have championed the vision of sustainable development and an environment-first approach in Bhutan. Shri Modi remarked that this visionary foundation has enabled Bhutan to become the world’s first carbon-negative country—an extraordinary achievement. He added that Bhutan ranks among the highest globally in per-capita renewable energy generation and currently produces 100% of its electricity from renewable sources. Expanding this capacity further, a new hydroelectric project exceeding 1,000 megawatts is being launched today, increasing Bhutan’s hydropower capacity by 40%. Additionally, work is resuming on another long-pending hydroelectric project. The Prime Minister emphasized that this partnership is not limited to hydro-electric power; India and Bhutan are now taking significant steps together in solar energy as well, with key agreements signed today.

Emphasizing that alongside energy cooperation, India and Bhutan are also focusing on enhancing connectivity, Shri Modi stated that “Connectivity Creates Opportunity, and Opportunity Creates Prosperity,” and under this vision, a decision has been made to connect the cities of Gelephu and Samtse to India’s vast railway network. The Prime Minister noted that upon completion, this project will significantly improve access for Bhutanese industries and farmers to India’s large market. He added that in addition to rail and road connectivity, both countries are rapidly advancing border infrastructure. Referring to the visionary Gelephu Mindfulness City initiative launched by His Majesty, the Prime Minister affirmed India’s full support for its development. He announced that India will soon establish an immigration checkpoint near Gelephu to further facilitate visitors and investors.

“The progress and prosperity of India and Bhutan are deeply interconnected”, exclaimed the Prime Minister, adding that in this spirit, the Government of India announced a support package of ₹10,000 crore last year for Bhutan’s Five Year Plan. He highlighted that this fund is being utilized across sectors—from roads to agriculture, financing to healthcare—enhancing the ease of living for Bhutanese citizens. Shri Modi further noted that India has taken several measures to ensure uninterrupted supply of essential items to the people of Bhutan. He further added that the scope of UPI payments is expanding in Bhutan, and efforts are underway to enable Bhutanese citizens to access UPI services when they visit India.

Emphasizing that the strongest beneficiaries of the robust India-Bhutan partnership are the youth of both nations, Shri Modi praised His Majesty’s exemplary work in promoting national service, voluntary service, and innovation, and highlighted His Majesty’s visionary efforts to empower youth through technology. The Prime Minister noted that Bhutanese youth are deeply inspired by this vision, and collaboration between Indian and Bhutanese youth is growing across multiple sectors including education, innovation, skill development, sports, space, and culture. He shared that young people from both countries are currently working together to build a satellite, calling it a significant achievement for India and Bhutan alike.

Prime Minister Shri Modi remarked that a major strength of India-Bhutan relations lies in the deep emotional bond between the peoples of both nations. He highlighted the recent inauguration of the Royal Bhutanese Temple in Rajgir, India, and noted that this initiative is now expanding to other parts of the country. Responding to the aspirations of the Bhutanese people, the Prime Minister announced that the Government of India is providing the necessary land for the construction of a Bhutanese temple and guest house in Varanasi. He emphasized that these temples are reinforcing the precious and historic cultural ties between India and Bhutan. Concluding his remarks, the Prime Minister expressed his hope that both countries continue on the path of peace, prosperity, and shared progress, and prayed for the continued blessings of Lord Buddha and Guru Rinpoche on both nations.