My dear fellow citizens,
One year ago, you had entrusted me with the task of building a new India and putting a derailed economy back on track. We have achieved a lot. Economic growth has been revived, and is amongst the fastest in the world. Inflation is substantially down. Fiscal prudence has been restored. Confidence is up. Foreign investments have increased. This positive outlook is endorsed by major rating agencies and international institutions across the world.
Bold reforms pending for decades have been implemented. Diesel prices have been decontrolled. The Goods and Services Tax (GST) is slated to be introduced next year. By facilitating companies to Make in India through a focus on Ease of Doing Business, new jobs are being created. Cooking gas subsidies are being paid directly to beneficiary bank accounts under PAHAL – ensuring the right amount of subsidy, reaches the right people, at the right time. FDI limits in insurance, railways and defence production have been raised. Moreover, we have embraced the states as equal partners in national development, working as Team India in the spirit of cooperative and competitive federalism.
Political interference in public sector banking decisions is a thing of the past. Transparent coal auctions and allotments have mobilized potential revenues of Rs. 3.35 lakh crores to coal-bearing states over the lifespan of mines. And reform in the Mines Act has replaced a discretionary mechanism with a transparent auction process. To combat black money, a Special Investigation Team has been appointed and a new stringent law passed.
Nearly Rs. 1 lakh crores of public investment have been allocated in this year’s budget to improve physical as well as digital connectivity. A comprehensive transformation of the railways into a locomotive of growth has begun. Stalled highway projects are being restructured and revived. Power generation is at an all-time high. A new National Infrastructure Investment Fund has been set up with an annual government funding of Rs. 20,000 crores.
Economic growth benefits all Indians. Growth however, has meaning only if it empowers the poor, farmers, women, as well as middle and neo-middle classes of all communities. To enable us to continue paying remunerative prices to our farmers, we secured a permanent ‘peace clause’ at the WTO. The world’s largest financial inclusion project has brought banking to the doorsteps of the poor, opening a record 15 crore plus bank accounts with deposits of over Rs. 15,800 crores. An affordable social security system including pension, life insurance and accident insurance, has already witnessed 6.75 crore enrolments in its first week. MUDRA has been set up with a corpus of Rs. 20,000 crores to help our small businessmen, who despite being our biggest job creators have historically been starved of credit.
A lot has been achieved. However, this is just the beginning. There is much more to be done and I know your expectations are high. A year ago I gave you my word that while I might perhaps commit errors, I would always act with pure intentions and spend every available moment working for a better India. I have kept my word. I seek your continued support, suggestions and blessings in building the India of our dreams.
Always in your service.
My dear fellow citizens,
The COVID-19 pandemic has been an unprecedented disruption. And, it is not yet over. Much of the world is still to be vaccinated. That is why this initiative by President Biden is timely and welcome.
India has always seen humanity as one family. India's pharmaceutical industry has produced cost-effective diagnostic kits, drugs, medical devices, and PPE kits. These are providing affordable options to many developing countries. And, we have shared medicines and medical supplies with over 150 countries. Two indigenously developed vaccines have received "Emergency Use Authorization" in India, including the world's first DNA-based vaccine.
Several Indian companies are also involved in licensed production of various vaccines.
Earlier this year, we shared our vaccine production with 95 other countries, and with UN peace-keepers. And, like a family, the world also stood with India when we were going through a second wave.
For the solidarity and support extended to India, I thank you all.
India is now running the world's largest vaccination campaign. Recently, we vaccinated about 25 million people on a single day. Our grassroots level healthcare system has delivered over 800 million vaccine dose so far.
Over 200 million Indians are now fully vaccinated. This has been enabled through the use of our innovative digital platform called CO-WIN.
In the spirit of sharing, India has made CO-WIN and many other digital solutions available freely as open-source software.
As newer Indian vaccines get developed, we are also ramping up production capacity of existing vaccines.
As our production increases, we will be able to resume vaccine supply to others too. For this, the supply chains of raw materials must be kept open.
With our Quad partners, we are leveraging India's manufacturing strengths to produce vaccines for the Indo-Pacific region.
India and the South Africa have proposed a TRIPS waiver at the WTO for COVID vaccines, diagnostics and medicines.
This will enable rapid scaling up of the fight against the pandemic. We also need to focus on addressing the pandemic economic effects.
To that end, international travel should be made easier, through mutual recognition of vaccine certificates.
I once again endorse the objectives of this Summit and President Biden's vision.
India stand ready to work with the world to end the pandemic.
Thank you very much
India has always seen humanity as one family.— PMO India (@PMOIndia) September 22, 2021
India’s pharmaceutical industry has produced cost-effective diagnostic kits, drugs, medical devices and PPE kits.
These are providing affordable options to many developing countries: PM @narendramodi
Earlier this year, we shared our vaccine production with 95 other countries, and with UN peacekeepers.— PMO India (@PMOIndia) September 22, 2021
And, like a family, the world also stood with India when we were going through a second wave.
For the solidarity and support extended to India, I thank you all: PM
India is now running the world’s largest vaccination campaign.— PMO India (@PMOIndia) September 22, 2021
Recently, we vaccinated about 25 million people on a single day.
Our grassroots level healthcare system has delivered over 800 million vaccine doses so far.
Over 200 million Indians are now fully vaccinated: PM
As newer Indian vaccines get developed, we are also ramping up production capacity of existing vaccines.— PMO India (@PMOIndia) September 22, 2021
As our production increases, we will be able to resume vaccine supplies to others too.
For this, the supply chains of raw materials must be kept open: PM @narendramodi
We also need to focus on addressing the pandemic’s economic effects.— PMO India (@PMOIndia) September 22, 2021
To that end, international travel should be made easier, through mutual recognition of vaccine certificates: PM @narendramodi