Development now depends on the quality of institutions and ideas: PM Modi
We now live in an age where change is constant and we are variables. We must change for both external and internal reasons: PM
Today, countries are interdependent and inter connected. No country can afford any longer to develop in isolation: PM
If India is to meet the challenge of change, mere incremental progress is not enough. A metamorphosis is needed: PM Modi
The transformation of India cannot happen without a transformation of governance: Prime Minister
A transformation of governance cannot happen without a transformation in mindset: PM
A transformation in mindset cannot happen without transformative ideas: PM Modi
We have to change laws, eliminate unnecessary procedures, speed up processes and adopt technology: PM
One of the greatest reformers and administrators of our time was Lee Kuan Yew, who transformed Singapore to what it is today: PM Modi

His Excellency Shri Tharman Shanmugaratnam, Deputy Prime Minister of Singapore
My Fellow Ministers,
Chief Ministers,
Invited speakers and friends,


There was a time when development was believed to depend on the quantity of capital and labour. Today we know that it depends as much on the quality of institutions and ideas. Early last year, a new institution was created, namely, the National Institution for Transforming India or NITI. NITI was created as an evidence based think tank to guide India’s transformation.

One of NITI’s functions is:

- to mainstream external ideas into Government policies, through collaboration with national and international experts;

- to be the Government’s link to the outside world, outside experts and practitioners;

- to be the instrument through which ideas from outside are incorporated into policy-making.

The Government of India and the State Governments have a long administrative tradition. This tradition combines indigenous and external ideas from India’s past. This administrative tradition has served India well in many ways. Above all, it has preserved democracy and federalism, unity and integrity, in a country of glorious diversity. These are not small achievements. Yet, we now live in an age where change is constant and we are variables

We must change for both external and internal reasons. Each country has its own experiences, its own resources and its own strengths. Thirty years ago, a country might have been able to look inward and find its own solutions. Today, countries are inter dependent and inter connected. No country can afford any longer to develop in isolation. Every country has to benchmark its activities to global standards, or else fall behind.

Change is also necessary for internal reasons. The younger generation in our own country is thinking and aspiring so differently, that government can no longer afford to remain rooted in the past. Even in families, the relationship between the young and old has changed. There was a time when elders in a family knew more than those who were younger. Today, with the spread of new technology, the situation is often reversed. This increases the challenge for government in communicating and in meeting rising expectations.

If India is to meet the challenge of change, mere incremental progress is not enough. A metamorphosis is needed.

That is why my vision for India is rapid transformation, not gradual evolution.

• The transformation of India cannot happen without a transformation of governance.

• A transformation of governance cannot happen without a transformation in mindset.

• A transformation in mindset cannot happen without transformative ideas.


We have to change laws, eliminate unnecessary procedures, speed up processes and adopt technology. We cannot march through the twenty first century with the administrative systems of the nineteenth century.

Fundamental changes in administrative mindsets usually occur through sudden shocks or crisis. India is fortunate to be a stable democratic polity. In the absence of such shocks, we have to make special efforts to force ourselves to make transformative changes. As individuals, we may absorb new ideas by reading books or articles. Books open the windows of our minds. However, unless we brainstorm collectively, ideas remain confined to individual minds. We often hear of new ideas and understand them. But we do not act upon them, because it is beyond our individual capacity. If we sit together, we will have the collective force to convert ideas into action. What we need is a collective opening of our minds, to let in new, global perspectives. To do this, we have to absorb new ideas collectively rather than individually. It requires a concerted effort.

As many of you know, ever since taking office, I have personally participated in structured brainstorming sessions with bankers, with police officers and with Secretaries to Government, among others. The ideas coming from those sessions are being incorporated into policy.

These efforts have been to tap ideas from inside. The next step is to bring in ideas from outside. Culturally, Indians have always been receptive to ideas from elsewhere. It is said in the Rigveda – “आ नो भद्राः क्रतवो यन्तु विश्वतः”, which means, let us welcome noble thoughts flowing in from all directions.

This is the purpose of the Transforming India Lecture Series. It is a series which we will attend, not as individuals but as part of a team who can collectively make change happen.

We will draw the best from the wisdom and knowledge of eminent persons, who changed, or influenced change in the lives of many, to make their nation a better place in the planet.

This lecture will be the first in a series. You have all been given a feedback form. I look forward to your detailed and frank feedback to help us improve this process. I request you to suggest names of experts and panelists from inside and outside India. I also request all Secretaries to Government to conduct a follow up discussion in a week’s time, with the participants from their Ministries. The purpose is to convert ideas that emerge in today’s session into specific action points relevant to each group. Wherever possible, I request the Ministers also to participate in these sessions.

One of the greatest reformers and administrators of our time was Lee Kuan Yew, who transformed Singapore to what it is today. It is therefore fitting that we are inaugurating this series with Shri Tharman Shanmugaratnam, Deputy Prime Minister of Singapore. He is a prolific scholar and public policy maker. Apart from being Deputy Prime Minister, he is also the Coordinating Minister for Economic and Social Policies, Minister of Finance and Chairman of Monetary Authority of Singapore. In the past, he has served as the Minister of Manpower, Second Minister of Finance and Minister of Education.

Shri Shanmugaratnam was born in Nineteen Fifty Seven and is of Sri Lankan Tamil ancestry. He earned his Bachelor’s degree in Economics at the London School of Economics. He has a Master’s degree in Economics from Cambridge University. He has another Master’s degree in Public Administration from Harvard University. At Harvard, he was honoured with the Littauer Fellow award for his outstanding performance.

Shri Shanmugaratnam is one of the world’s leading intellectuals. I would like to give you an example of the range and sweep of his ideas. Today, Singapore’s economy depends a lot on transshipment. But if global warming melts the polar ice caps, new navigation routes may open and possibly reduce Singapore’s relevance. I am told he has already started thinking about this possibility and planning for it.

Friends. The list of achievements and honours received by Shri Shanmugaratnam is long. But we are all eager to listen to him. Therefore, without further delay, it is with great pleasure that I welcome Shri Tharman Shanmugaratnam to this stage and request him to enlighten us on the subject of India in the Global Economy.

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Today, India has embarked on the Reform Express, aimed at making both life and business easier: PM Modi at the 18th Rozgar Mela
January 24, 2026
In recent years, the Rozgar Mela has evolved into an institution and through it, lakhs of young people have received appointment letters in various government departments: PM
Today, India stands among the youngest nations in the world; Our government is consistently striving to create new opportunities for the youth of India, both within the country and across the globe: PM
Today, the Government of India is entering into trade and mobility agreements with numerous countries which will open up countless new opportunities for the youth of India: PM
Today, the nation has embarked on the Reform Express, with the purpose to make both life and business easier across the country: PM

My greetings to all young friends!

The beginning of the year 2026 is marking the start of new joys in your lives. Along with this, as Vasant Panchami passed just yesterday, a new spring is beginning in your lives as well. This time is also connecting you with your duties towards the Constitution. Coincidentally, the grand festival of the Republic is currently underway in the country. Yesterday, on January 23rd, we celebrated Parakram Diwas on the birth anniversary of Netaji Subhash, and now tomorrow, January 25th, is National Voters' Day, followed by Republic Day on January 26th. Today is also a special day. It was on this very day that our Constitution adopted ‘Jana Gana Mana’ as the National Anthem and ‘Vande Mataram’ as the National Song. On this significant day today, more than sixty-one thousand youngsters are making a new beginning in life.

Today, you all are receiving appointment letters for government services; in a way, this is an Invitation Letter for Nation Building. This is a resolution letter to give momentum to the construction of a Developed India. Many among you will strengthen the security of the country, many will further empower our education and healthcare ecosystem, many friends will strengthen financial services and energy security, while many youth will play an important role in the growth of our government companies. I give many congratulations and best wishes to all of you youth.

​Friends,

​Connecting youth with skills and providing them opportunities for employment and self-employment has been the priority of our government. To ensure that government recruitment is also done in mission mode, the Rozgar Mela was started. In the past years, the Rozgar Mela has become an institution. Through this, lakhs of youth have received appointment letters in different departments of the government. Extending this mission further, today this Rozgar Mela is being held at more than forty locations in the country. I especially welcome the youth present at all these locations.

​Friends,

​Today, India is one of the youngest countries in the world. It is the continuous effort of our government that new opportunities are created for India’s youth power within the country and across the world. Today, the Government of India is signing trade and mobility agreements with many countries. These trade agreements are bringing numerous new opportunities for the youth of India.

​Friends,

​In the past time, India has made unprecedented investments for modern infrastructure. Because of this, employment has increased significantly in every sector related to construction. The scope of India’s start-up ecosystem is also advancing at a fast pace. Today, there are about two lakh registered start-ups in the country. More than twenty-one lakh youth are working in these. Similarly, Digital India has expanded a new economy. In many fields such as animation and digital media, India is becoming a global hub. India’s creator economy is growing at a very fast pace, and in this too, youth are getting new opportunities.

​My young friends,

​The way the world’s trust in India is increasing today is also creating many new possibilities for the youth. India is the only large economy in the world that has doubled its GDP in a decade. Today, more than a hundred countries are investing in India through FDI. Compared to the ten years before 2014, more than two and a half times the FDI has come into India. More foreign investment means countless opportunities for employment for the youth of India.

​Friends,

​Today, India is becoming a big manufacturing power. In many sectors such as electronics, medicines and vaccines, defense, and auto, there is an unprecedented increase in both India’s production and exports. Since 2014, there has been a six-fold increase in India’s electronics manufacturing, six-fold. Today, this is an industry of more than 11 lakh crore rupees. Our electronics export has also crossed four lakh crore rupees. India’s auto industry has also become one of the fastest-growing sectors. In the year 2025, the sale of two-wheelers has reached beyond two crores. This shows that the purchasing power of the people of the country has increased; they have received many benefits from the reduction in Income Tax and GST; there are many such examples which indicate that employment is being created in large numbers in the country.

​Friends,

​In today's event, more than 8 thousand daughters have also received appointment letters. In the past 11 years, there has been nearly a two-fold increase in women's participation in the country's workforce. Our daughters have benefited greatly from the government's schemes like Mudra and Start-up India. There has been an increase of about 15 percent in the rate of women's self-employment. If I talk about start-ups and MSMEs, today there is a very large number of women directors and women founders. In our cooperative sector, and the self-help groups working in villages, women are leading in very large numbers.

​Friends,

​Today the country has set out on the Reform Express. Its objective is to make both life and business easy in the country. Everyone has benefited from the next-generation reforms in GST. Through this, our young entrepreneurs are benefiting, and our MSMEs are benefiting. Recently, the country has implemented historic labor reforms. Through this, laborers, employees, and businesses will all benefit. The new labor codes have further strengthened the scope of social security for laborers and employees.

​Friends,

​Today, when the Reform Express is being discussed everywhere, I want to assign a task to you as well regarding this subject. Recall, in the last five-seven years, when and in what form have you had contact with the government? Whether you had work in some government office, or interacted through some other medium and you faced trouble, felt some deficiency, or felt some irritation - just remember such things. Now you have to decide that those things which troubled you, sometimes troubled your parents, sometimes troubled your friends, and what used to pinch you, feel bad, or make you angry - now you will not let those difficulties happen to other citizens during your own tenure. Being a part of the government, you too will have to carry out small reforms at your level. You have to move forward with this approach so that the maximum number of people are benefited.

The work of strengthening Ease of Living and Ease of Doing Business happens as much through policy as it does through the intention of the government employee working at the local level. You must remember one more thing. In this era of rapidly changing technology, the needs and priorities of the country are also changing rapidly. You also have to keep upgrading yourself along with this fast change. You must definitely make good use of platforms like iGOT Karmayogi. I am happy that in such a short time, about one and a half crore government employees are training and empowering themselves anew by joining this iGOT platform.

​Friends,

​Whether it is the Prime Minister or a small servant of the government, we are all servants and we all have one common mantra; in that, no one is above, nor is anyone to the right or left, and for all of us, for me as well as for you, which is that mantra - "Nagrik Devo Bhava" (The Citizen is God). We have to work with the mantra of "Nagrik Devo Bhava"; you also keep doing so. Once again, this new spring that has come into your life, this new era of life is beginning, and it is through you that a developed India is going to be built in 2047. Many best wishes to you from my side. Thank you very much.