""This is a Budget that converts hopes and aspirations of the people into trust
""The Budget will give an impetus to Jan Bhagidari (people’s participation) and Jan Shakti (people's power)""
""We are going in the right direction to overcome challenges faced in last decade""
"PM congratulates Finance Minister Shri Arun Jaitley on presenting his maiden Budget"
The Prime Minister, Shri Narendra Modi termed the Budget as a Budget that converts hopes and aspirations of the people into trust. The Prime Minister expressed confidence that the Budget will take India to newer heights of progress and stated, “This Budget is a new ray of hope for the poor and downtrodden sections of society.”
Congratulating the Union Finance Minister Shri Arun Jaitley for his maiden budget, the Prime Minister said, “The Budget will give an impetus to Jan Bhagidari (people’s participation) and Jan Shakti (people's power).” He described the Budget as an effort to make India skilled and digital, guided by the usage of the latest technology.
He said that for the moribund economy, this budget has come as a Sanjeevani (new life) and an Arunoday (sunrise) for the last man in the line. The Prime Minister said development should be all-encompassing ("samaveshak, sarvadeshak, sarvasparshi") and should also reach those parts of the country which have so far remained underdeveloped.
Shri Modi assured the people of India that the Government is leaving no stone unturned in doing their duty to develop India and rid the nation from the challenges it faces. He recalled how the entire world had immense expectations from India but how in the last decade the entire economic system crumbled due to which not only India but also the world lost hope and there was an atmosphere of pessimism.
Talking about the new Government's efforts, the PM said, “Since we formed the Government there were discussions about whether this Government can free the nation from crisis but the Railway Budget and today’s General Budget show that we are moving in the right direction.”
The PM categorically stated that despite the testing times, his Government is committed to extend every possible help to the poor, the neo-middle class and the middle class, inspired by the mantra of ‘Sabka Saath, Sabka Vikas.’
Shri Modi talked about the innovative provisions in the Budget for the development of tribal communities and schemes for giving an impetus to skill development for youth. “The Budget is in line with the Government’s vision to create a skilled and digital India,” Shri Modi said.
He elaborately talked about the measures for the farmers such as Krishi Sinchai Yojana that would benefit farmers and achieve the guiding principle of ‘per drop, more crop.’ He particularly mentioned the provisions in the Budget for the cleaning of the Ganga.
The PM pointed that the Budget will give a ray of hope to the housewife who is being burdened by rising prices and will place utmost importance to women empowerment and girl's education.
He reaffirmed the Government’s commitment to make India self-reliant in the defence sector.
The Prime Minister said his Government was committed and confident of bringing India out of crisis. And this confidence was due to the capabilities and strength of 125 crore Indians. He said this strength would be channeled towards taking the country to new heights.
Stresses the need for insulating our planet against the next pandemic
During the pandemic digital technology helped us cope, connect, comfort and console: PM
Disruption does not have to mean despair, we must keep the focus on the twin foundations of repair and prepare: PM
The challenges our planet faces can only be overcome with a collective spirit and a human centric approach: PM
This pandemic is not only a test of our resilience, but also of our imagination. It is a chance to build a more inclusive, caring and sustainable future for all: PM
India is home to one of the world's largest start-up eco systems, India offers what innovators and investors need: PM
I invite the world to invest in India based on the five pillars of: Talent, Market, Capital, Eco-system and, Culture of openness: PM
France and Europe are our key partners, our partnerships must serve a larger purpose in service of humanity: PM
Excellency, my good friend President Macron,
Mr. Maurice Levy, Chairman of the Publicis Group,
Participants from around the world,
Congratulations to the organisers for successfully organising Vivatech in this difficult time.
This platform reflects the technological vision of France. India and France have been working closely on a wide range of subjects. Among these, technology and digital are emerging areas of cooperation. It is the need of the hour that such cooperation continues to grow further. It will not only help our nations but also the world at large.
Many youngsters saw the French Open with great enthusiasm. One of India's tech companies, Infosys provided tech support for the tournament. Likewise, the French Company Atos is involved in a project for making the fastest super computer in India. Whether it is France's Capgemini or India's TCS and Wipro, our IT talent is serving companies and citizens all over the world.
I believe - Where convention fails, innovation can help. This has been seen during the COVID-19 global pandemic, which is the biggest disruption of our age. All nations have suffered loss and felt anxiety about the future. COVID-19 put many of our conventional methods to test. However, it was innovation that came to the rescue. By innovation I refer to:
Innovation before the pandemic .
Innovation during the pandemic .
When I speak about innovation before the pandemic, I refer to the pre-existing advances which helped us during the pandemic. Digital technology helped us cope, connect, comfort and console. Through digital media, we could work, talk with our loved ones, and help others. India's universal and unique bio-metric digital identity system - Aadhar - helped us to provide timely financial support to the poor. We could supply free food to 800 million people, and deliver cooking-fuel subsidies to many households. We in India were able to operationalise two public digital education programes- Swayam and Diksha - in quick time to help students.
The second part, innovation for the pandemic refers to how humanity rose to the occasion and made the fight against it more effective. In this, the role of our start-up sector, has been paramount. Let me give you India's example. When the pandemic hit our shores, we had inadequate testing capacities and shortage of masks, PPE, Ventilators and other such equipment. Our private sector played a key role in addressing this shortage. Our doctors adopted tele-medicine in a big way so that some COVID and other non-COVID issues could be addressed virtually. Two vaccines are being made in India and more are in the development or trial stage. On the Government side, our indigenous IT platform, Arogya-Setu enabled effective contact tracing. Our COWIN digital platform has already helped ensure vaccines to millions. Had we not been innovating, then our fight against COVID-19 would have been much weaker. We must not abandon this innovative zeal so that we are even better prepared when the next challenge strikes.
India's strides in the world of tech and start-up are well-known. Our nation is home to one of the world's largest start-up eco systems. Several unicorns have come up in the recent years. India offers what innovators and investors need. I invite the world to invest in India based on the five pillars of: Talent, Market, Capital, Eco-system and, Culture of openness.
Indian tech-talent pool is famous across the world. Indian youth have given tech solutions to some of the world's most pressing problems. Today, India has One Point One eight billion mobile phones and Seven Seventy-Five million internet users. This is more than the population of several nations. Data consumption in India is among the highest and cheapest in the world. Indians are the largest users of social media. There is a diverse and extensive market that awaits you.
This digital expansion is being powered by creating state-of-the-art public digital infrastructure. Five hundred and twenty-three thousand kilometres of fibre optic network already links our One hundred and fifty six thousand village councils. Many more are being connected in the times to come. Public wi-fi networks across the country are coming up. Likewise, India is working actively to nurture a culture of innovation. There are state-of-the-art innovation labs in Seven Thousand Five Hundred schools under the Atal Innovation Mission. Our students are taking part in numerous hackathons, including with students overseas. This gives them the much-needed exposure to global talent and best practices.
Over the past year, we have witnessed a lot of disruption in different sectors. Much of it is still there. Yet, disruption does not have to mean despair. Instead, we must keep the focus on the twin foundations of repair and prepare. This time last year, the world was still seeking a vaccine. Today, we have quite a few. Similarly, we have to continue repairing health infrastructure and our economies. We in India, implemented huge reforms across sectors, be it mining, space, banking, atomic energy and more. This goes on to show that India as a nation is adaptable and agile, even in the middle of the pandemic. And, when I say - prepare-I mean: Insulating our planet against the next pandemic. Ensuring we focus on sustainable life-styles that stop ecological degradation. Strengthening cooperation in furthering research as well as innovation.
The challenges our planet faces can only be overcome with a collective spirit and a human centric approach. For this, I call upon the start-up community to take the lead. The start-up space is dominated by youngsters. These are people free from the baggage of the past. They are best placed to power global transformation. Our start-ups must explore areas such as: Healthcare. Eco-friendly technology including waste recycling, Agriculture, New age tools of learning.
As an open society and economy, as a nation committed to the international system, partnerships matter to India. France and Europe are among our key partners. In my conversations with President Macron, In my summit with EU leaders in Porto in May, digital partnership, from start-ups to quantum computing, emerged as a key priority. History has shown that leadership in new technology drives economic strength, jobs and prosperity. But, our partnerships must also serve a larger purpose, in service of humanity. This pandemic is not only a test of our resilience, but also of our imagination. It is a chance to build a more inclusive, caring and sustainable future for all. Like President Macron, I have faith in the power of science and the possibilities of innovation to help us achieve that future.