Let's convey our best wishes to all our players and encourage them: PM Modi
The Kargil War is a symbol of bravery and restraint of the Indian Forces, which the whole world has witnessed: PM Modi
'Amrut Mahotsav' is neither a programme of the government nor any political party. It is a programme of the people of India: PM Modi
#MyHandloomMyPride: PM Modi urges citizens to buy khadi and handloom products
'Mann Ki Baat' has positivity and sensitivity. It has a collective character: PM Modi
Glad to know that nearly 75% of suggestions received for Mann Ki Baat are from under 35 age group: PM Modi
Saving every drop of water, preventing any kind of wastage of water should become an integral part of our lives: PM Modi

My dear countrymen, Namaskar. A few amazing pictures taken a couple of days ago, some memorable moments are still there in front of my eyes. Let us hence commence Mann Ki Baat this time, with those very moments. At the Tokyo Olympics, watching Indian sportspersons march carrying the Tricolour exhilarated not just me but the entire country…as if the whole country unitedly exhorted her warriors saying, “Vijayi Bhava – emerge victorious!” When these sportspersons had departed from India, I had the opportunity of chatting with them, knowing about them and conveying it to the country. These sportspersons have reached where they are after overcoming numerous hurdles in life. Today, they possess the strength of your love and support – that’s why, come…let us together extend our good wishes to all of them; encourage them. On social media, our Victory Punch Campaign for the support of Olympics sportspersons has begun. Do share your Victory Punch with your team…Cheer for India.

Friends, it is but natural to get emotional in honour of the one who bears the Tricolour in honour of the country. This feeling of patriotism unites all of us. Tomorrow, that is the 26th of July is Kargil Vijay Diwas as well. The Kargil war is one symbol of the bravery and patience on part of India’s Armed Forces which the whole world has watched. This time this pride filled day will be celebrated amid Amrit Mahotsav. That is why this day becomes all the more special. I wish you read the enthralling saga of Kargil…let us all bow to the bravehearts of Kargil.

Friends, this time on the 15th of August, the country is entering her 75th year of Independence. We are indeed very fortunate that we are witnessing 75 years of Freedom; a freedom that the country waited for, for centuries. You may remember, to commemorate 75 years of Freedom, Amrit Mahotsav had commenced on the 12th of March from Bapu’s Sabarmati Ashram. On this very day, Bapu’s Dandi Yatra too was revived…since then, from Jammu-Kashmir to Puduchery; from Gujarat to the Northeast, programmes in connection with Amrit Mahotsav are being held across the country. There are many such incidents, such freedom fighters whose contribution have been huge, but had not been adequately discussed…today, people are able to know about them. Now, take Moirang Day, for instance…the tiny town of Moirang in Manipur was once a major base of Netaji Subhash Chandra Bose’s Indian National Army, INA. Here, even before Independence, Col Shaukat Malik ji of INA had unfurled the Flag.

During Amrit Mahotsav, on the 14th of April, the Tricolour was once again hoisted at that very Moirang. Innumerable such freedom fighters and great men are being remembered by the country during Amrit Mahotsav.Programmes in that connection are being successively organized by the government and social organisations. A similar event is about to take place on the 15th of August this time…this is an endeavour connected with the National Anthem. It’s an effort on part of the Ministry of Culture to have maximum number of Indians sing the National Anthem together. For this, a website too has been created – Rashtragan.in. With the help of this website, you can render the National Anthem and record it, thereby getting connected with the campaign. I hope you connect yourselves with this novel initiative. In the days to come, you will get to see many such campaigns and efforts. Amrit Mahotsav is not a programme of any government; neither a programme of any political party…it is a programme of crores and crores of Indians…a bow to our freedom fighters by every independent and grateful Indian. And the extension of the basic sentiment behind this festival is immense…the spirit entails treading the path of our freedom fighters…building a country of their dreams. Just the way champion proponents of Freedom had joined hands for the cause, we have to come together for the development of the country. We have to live for the country, work for the country…and in that, even the smallest of efforts too produce big results. We can contribute to nation building even while performing our routine chores…such as ‘Vocal for Local’. Supporting local entrepreneurs, artists, craftsmen, weavers should come naturally to us. The National Handloom Day on the 7th of August is an occasion when we can strive to attempt that. National Handloom Day has a remarkable historic background. On this very day in 1905, the Swadeshi Andolan had begun.

Friends, in the rural and tribal regions of our country, handloom is a major source of income. This is a sector that comprises lakhs of women, weavers and craftsmen. Even small efforts on your part will give rise to a new hope in weavers. Do purchase something or the other and share your thought with others as well…now that we are celebrating 75 years of Independence, it of course becomes our responsibility. You must have noticed that year 2014 onwards, we often touch upon Khadi in Mann ki Baat. It is only on account of your efforts that today, the sale of Khadi has risen manifold. Could anyone even think that in any Khadi store, the sales figure would cross one crore rupees…But you have made that possible too. Whenever, wherever you purchase a Khadi product, it does benefit our poor weaver brothers and sisters. That is why, in a way, buying Khadi is service to people, service to the country. I urge you my dear brothers and sisters, to make it a point to definitely buy Handloom products being made in rural areas and share it on #MyHandloomMyPride.

Friends, when one refers to the freedom movement and Khadi, remembering revered Bapu is but natural. Just the way the Quit India Movement, Bharat Chhoro Andolan steered under Bapu’s leadership, every countryman today has to lead a Bharat Jodo Andolan. It is our duty to ensure that our work helps closely knit, bind our India which is filled with diversity. Come, on Amrit Mahotsav, let us make a sacred Amrit resolve that the country remains to be our highest faith; our topmost priority. We have to move forward with the mantra ‘Nation First, Always First’.

My dear countrymen, today I wish to express my special thanks to my young friends tuned in to Mann ki Baat. Just a few days ago, on part of MyGov, a study was conducted regarding the listeners of Mann ki Baat. In this study, primarily, people who send messages and suggestions were focused upon. The study revealed the fact that out of those sending messages and suggestions, close to 75% are below the age of 35…meaning thereby that the suggestions of the youth power of India are steering Mann ki Baat. I view this as a very good indicator. Mann Ki Baat is a medium which has positivity, sensitivity. In Mann Ki Baat, we talk about positive things; its character is collective.

This activism for positive thoughts and suggestions in the youth delights me. I am happy also about the opportunity that I get through ‘Mann Ki Baat’ to know of the minds of the youth.

Friends, suggestions received from you are the real strength of ‘Mann Ki Baat’. It is your suggestions, through ‘Mann Ki Baat’, that express the diversity of India, spread the fragrance of service and sacrifice of Indians in all the four directions, inspire one and all through the innovation of our toiling youth. You send ideas of various kinds in ‘Mann Ki Baat’. We are not able to discuss all of them, but I do send many of them to related departments so that further work can be done on them.

Friends, I want to tell you about the efforts of Saayee Praneeth ji. Saayee Praneeth ji is a Software Engineer, hailing from Andhra Paradesh. Last year he saw that in his area farmers had to suffer a lot due to the vagaries of weather. For years he had interest in meteorology. So, he decided to use his interest and talent for the welfare of farmers. Now he purchases weather data from different data sources, analyses them and sends necessary information through various media to farmers in local language. Besides weather updates, Praneeth ji also gives guidance to people about what they should do in different climatic conditions... Especially how to be safe from floods or how to avoid storm or lightning, he talks about this too.

Friends, on the one hand this effort of a young software engineer touches our hearts; on the other the use of technology by one of our friends will amaze us. This friend Shriman Isaak Munda ji hails from a village in Sambalpur district of Odisha. Isaak ji once used to work as a daily wager but now he has become an internet sensation. He is earning a lot through his YouTube Channel. In his videos he shows prominently the local dishes, traditional ways of cooking, his village, his lifestyle, family and food habits. His journey as a YouTuber began in March 2020 when he posted a video related to Pakhal, the famous local dish of Odisha. Since then, he has posted hundreds of videos. This effort of his is different for many reasons. Specially because through this, people living in cities get a chance to watch the lifestyle about which they don’t know much. Isaak Munda ji is celebrating by blending culture and cuisine equally and inspiring us too.

Friends, while we are discussing technology I want to discuss of an interesting subject. Recently you must have read, seen that a start-up established by an alumni of IIT Madras has made a 3D printed house. The construction of the house through 3D printing, how did this happen after all? Actually, this start-up first of all fed a 3 Dimensional design in a 3 D printer and then through a concrete of a special kind fabricated a 3 D structure layer by layer. You will be happy to know that many experiments of this kind are being done throughout the country. There was a time when it would take years to complete even a minor construction. But today due to technology the situation is changing in India. Some time ago we had launched a Global Housing Technology Challenge to invite such innovative companies from all over the world. This is a unique attempt of its kind in the country; hence we gave it the name Light House Projects. For now, work on Light House Projects is on at a fast pace at 6 different locations in the country. Modern technology and innovative methods are used in these Light House Projects. This reduces the duration of construction. Along with that, the houses that are constructed are more durable, economical and comfortable. Recently, through drones, I also reviewed these projects and saw live their work progress.

In the project at Indore, Pre-Fabricated Sandwich Panel System is being used in place of Brick-and-Mortar Walls. In Rajkot, the Light House is being made with French Technology in which through a tunnel Monolithic Concrete construction technology is being used. Houses made with this technology will be lot more capable of withstanding disasters. In Chennai, the Pre-cast Concrete system technologies form America and Finland are being used. By this, houses will get built faster and the cost too will be low. In Ranchi houses will be built using the 3D Construction System of Germany. In this, every room will be constructed separately and then the entire structure will be joined together the way block toys are joined. In Agartala, using technology from New Zealand, houses that can withstand major earthquakes are being made with steel frame. Meanwhile, in Lucknow technology from Canada is being used. In this plaster and paint will not be required and walls prepared in advance will be used to build houses faster.

Friends, today an attempt is being made in the country to ensure that these projects work as Incubation centers. Through this our planners, Architects, Engineers and students will know of new technology and experiment with them too. I am sharing these things especially with our youth so that in the interest of the nation they are encouraged towards technology in newer fields.

My dear countrymen, you must have heard of an English adage- “To learn is to grow” that is to learn is to progress. When we learn something new, doors to new advances open up automatically for us. Whenever effort to do something new, different from the rut, has been made, new doors have opened for humankind, a new era has begun. And you must have seen whenever something new happens anywhere, its result surprises everyone. Now, for example, if I ask you which the states that you would connect with Apples are? Obviously in your mind first of all the name of Himachal Pradesh, Jammu-Kashmir and Uttarakhand would strike. But if I ask you to add the name of Manipur too to this list you will probably be filled with surprise. Youths filled with passion to do something new have demonstrated this feat in Manipur. Nowadays apple farming is picking up fast in the Ukhrul district of Manipur. Farmers here are growing apples in their orchards. To learn apple farming these people have taken formal training by going to Himachal. One of these is T S Ringphami Young. By profession he is an aeronautical engineer. He along with his wife Shrimati T S Angel has grown apples. Similarly, Avungshee Shimre Augasteena too has grown apples in her orchard. Avungshee had a job in Delhi. She returned to her village quitting this and started farming apple. There are many such apple growers in Manipur who have demonstrated something different and something new.

Friends, in our tribal communities, Ber fruit has always been very popular. The members of the tribal community have always been cultivating Ber. But its cultivation is increasing especially after the COVID-19 pandemic. Bikramjit Chakma of 32 years of age is my young friend from Unakoti, Tripura. He has not only earned a lot of profit by starting the Ber cultivation; Now he is also motivating people to do Ber cultivation. The state government has also come forward to help such people. Many special nurseries have been started by the government for this purpose so that the demand of the people associated with the cultivation of Ber can be met. Innovation is happening in agriculture, so creativity is also being witnessed in the by-products of agriculture.

Friends, I have also come to know about an attempt made in LakhimpurKheri in Uttar Pradesh. A unique initiative has taken place in LakhimpurKheri during the period of COVID itself. Here, the work of training women to manufacture fibre from the waste banana stems was started. The way to make the best out of the waste. Banana fibre is prepared by cutting the stem of a banana with the help of a machine, the fibre is like jute or flax. Handbags, mats, rugs, many things are made from this fibre. Through this, the utilization of crop waste started, on the other hand our sisters and daughters living in the village acquired another source of income. Through this work of Banana fibre, a woman from the area earns four to six hundred rupees per day. Banana is cultivated on hundreds of acres of land in Lakhimpur Kheri. After the harvesting of banana, the farmers usually had to spend a separate sum to dispose of its stem. Now not only their money is being saved; and lending credence to the saying of ‘Getting two of something, for the price of one!’

Friends, on the one hand products are being manufactured from banana fibre; on the other, delicious dishes like dosa and gulabjamun are also being made from banana flour. Women in Uttara Kannada and Dakshina Kannada districts of Karnataka are doing this unique work. This endeavour also began in the Corona period itself. These women not only prepared things like dosa, gulabjamun from banana flour; they also shared their pictures on social media. When more people came to know about the banana flour, its demand also increased and so did the income of these women. Like Lakhimpur Kheri, here too, women are leading this innovative idea.

Friends, such examples become the inspiration to do something new in life. There must be many such people around you too. When your family is involved in close conversations, you should also make these a part of your chat. Take out some time and go to see such efforts with children and if you get the opportunity, do something like this yourself. And yes, I would like it if you share all this with me on Namo App or MyGov.

My dear countrymen, there is a verse in our Sanskrit texts -

आत्मार्थम् जीव लोके अस्मिन्, को न जीवति मानवः |

परम् परोपकारार्थम्, यो जीवति स जीवति ||

Atmantharmjeevalokeasmin, ko na jeevtimanavah.

Paramparopkarathram, yojeevatisajeevati ||

That is, everyone in this world lives for himself. But in actuality only the person who exists for the sake of others really lives. Talking about the philanthropic efforts of the sons and daughters of Mother India is what 'Mann Ki Baat' is all about. Today also, we’ll talk about some of these friends. One of our friends hails from Chandigarh city. I too, have lived in Chandigarh for a few years. It is a very cheerful and beautiful city. The people of Chandigarh are also large hearted and yes, if you are a foodie, you will have more fun here. In Sector 29 of Chandigarh, Sanjay Rana ji runs a food stall and sells Chole-Bhature on his cycle. One day his daughter Riddhima and niece Riya came to him with an idea. Both requested him to feed chole-bhature for free to those who had got the COVID Vaccine. He happily agreed to the suggestion and immediately started this good and noble effort. To eat Sanjay Rana ji'schole-bhature for free, you have to show that you have got the vaccine administered on the very day. As soon as you show the vaccination message he will give you delicious Chole-Bhature. It is said that for the welfare of the society, spirit of service and duty are required more than money. Our Sanjay Bhai is proving this saying to be right.

Friends, I would like to discuss another such work today. This effort is being attempted in Nilgiri of Tamil Nadu. Here Radhika Shastriji has started the AmbuRx (Amburex) Project. The purpose of this project is to provide easy transport for the treatment of patients in hilly areas. Radhika runs a cafe in Coonoor. She raised funds for AmbuRx from her cafe colleagues. Today six AmbuRx are serving in the Nilgiri hills and are coming to the aid of patients in remote parts during the time of emergency. An AmbuRx is equipped with a Stretcher, Oxygen Cylinder, First Aid Box and other things

Friends, whether it is Sanjay ji or Radhika ji, their examples demonstrate that we can render service while doing our routine work, our business or job.

Friends, a few days back a very interesting and very emotional event occurred, which imparted new strength to India-Georgia friendship. In this ceremony, India handed over the Holy Relic or icon of Saint Queen Ketevan to the Government of Georgia and the people there, for this mission our Foreign Minister himself went there. The ceremony, which took place in a very emotionally charged atmosphere, was attended by the President of Georgia, the Prime Minister, many religious leaders, and a large number of Georgians. The words that were said in praise of India in this ceremony are indeed very memorable. This single ceremony has not only strengthened the relations between the two nations but as well as between Goa and Georgia. This is because these holy relics of Saint Queen Ketevan were found in 2005 from Saint Augustine Church in Goa.

Friends, the question arising in your mind must be…what is this matter all about and when and how did this happen? Actually, this is an incident about four to five hundred years ago. Queen Ketevan was the daughter of the royal family of Georgia. In 1624 after ten years of imprisonment she was martyred. According to an ancient Portuguese document, the mortal remains of Saint Queen Ketevan were kept in the Saint Augustine Convent of Old Goa. But, for a long time it was believed that her remains buried in Goa were lost in the earthquake of 1930.

After decades of tireless efforts by the Indian government and Georgia's historians, researchers, archaeologists and the Georgian Church, the relics were successfully discovered in 2005. This is an extremely emotional topic for the people of Georgia. That is why keeping in mind their historical, religious and spiritual sentiments, the Government of India decided to gift a part of these relics to the people of Georgia. Today, I would like to thank the people of Goa for preserving this unique side of the shared history of India and Georgia. Goa has been the land of many a great spiritual heritage. Saint Augustine Church is a UNESCO's World Heritage Site – a part of the Churches and Convents of Goa.

My dear countrymen, let me now take you straight from Georgia to Singapore, where another glorious opportunity arose earlier this month. The Prime Minister of Singapore and my friend, Lee Hsien Loong inaugurated the recently renovated Silat Road Gurudwara. He also wore the traditional Sikh turban. This Gurudwara was built about a hundred years ago and there is also a memorial dedicated to Bhai Maharaj Singh. Bhai Maharaj Singh ji fought for the independence of India and this moment becomes more inspiring when we are celebrating 75 years of independence. The people to people strength between two countries gets a boost with such initiatives and efforts. These also show how important it is to live in a harmonious environment and understand each other's culture.

My dear countrymen, today in 'Mann Ki Baat' we have discussed many topics. There is another subject which is very close to my heart. It is the topic of water conservation. The place where I spent my childhood, there was always shortage of water. We used to yearn for rain and thus saving every drop of water has been a part of our traditions, our sanskar. Now this mantra of "Water conservation through public participation" has changed the picture there. Saving every drop of water, preventing any kind of wastage of water… it should become a natural part of our lifestyle. Such a tradition should be made in our families, which would make every member proud.

Friends, the protection of nature and environment is embedded in the cultural life of India, in our daily lives. At the same time, rains and the monsoon have always shaped our thoughts, our philosophy and our civilization. In ‘Ritusanhar’ and ‘Meghdoot’, the great poet Kalidas has beautifully described the rains. These poems are still very popular among literature lovers.The magnificence of rains is also beautifully described in the Parjanya Suktam of Rigveda. Similarly, the relationship between the earth, the sun and the rain has been elaborated in a poetic form in the Srimad Bhagavata.


अष्टौ मासान् निपीतं यद्, भूम्याः च, ओद-मयम् वसु |

स्वगोभिः मोक्तुम् आरेभे, पर्जन्यः काल आगते ||

That is, the Sun has exploited the earth's wealth in the form of water for eight months, now in the monsoon season, the Sun is returning this accumulated wealth to the earth. Indeed, the monsoon and rainy season is not only beautiful and pleasant, but it is also nurturing, life-giving. The rain water that we are getting is for our future generations, we should never forget that.

Today a thought came to my mind that why not end my talk with such interesting references. My very best wishes to all of you for the forthcoming festivals. At the time of festivals and celebrations, you must remember that Corona has not yet gone from amongst us. You must not forget the protocols related to Corona. May all of you be healthy and happy.

Many many thanks!

 

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In this decade of the 21st century, India is riding the Reform Express: PM Modi at ET Now Global Business Summit
February 13, 2026
Amid numerous disruptions, this decade has been one of unprecedented development for India, marked by strong delivery and by efforts that have strengthened our democracy: PM
In this decade of the 21st century, India is riding the Reform Express: PM
We have made the Budget not only outlay-focused but also outcome-centric: PM
Over the past decade, we have regarded technology and innovation as the core drivers of growth: PM
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You are all welcome to this Global Business Summit; I extend my greetings to each one of you. We are here to discuss the theme “A Decade of Disruption, A Century of Change.” After listening to Vineet ji’s speech, I feel my task has become much easier. But let me make a small request-since you know so much, it should sometimes also be reflected in ET.

Friends,

The past decade of the 21st century has been one of unprecedented disruption. The world has witnessed a global pandemic, tensions and wars in different regions, and supply chain breakdowns that shook the global balance, all within a single decade. But friends, it is said that the true strength of a nation is revealed in times of crisis, and I take great pride in the fact that amid so many disruptions, this decade has been one of unprecedented development for India, marked by remarkable delivery and the strengthening of democracy. When the previous decade began, India was the eleventh-largest economy. Amid such turbulence, there were strong apprehensions that India might slip further down. But today, India is moving rapidly toward becoming the world’s third-largest economy. And the “Century of Change” that you speak of will, I say with great responsibility, rest significantly on India. Today, India contributes more than 16 percent to global growth, and I am confident that in every coming year of this century, our contribution will keep increasing steadily. I have not come here like an astrologer making predictions. India will drive global growth; it will emerge as the new engine of the world economy.

Friends,

After the Second World War, a new global order took shape. But after seven decades, that system is breaking down. The world is moving toward a new world order. Why is this happening? It happened because the foundation of the earlier system was based on a “One Size Fits All” approach. It was believed that the world economy would be centered in the core and that supply chains would become strong and dependable. Nations were seen merely as contributors within that framework. But today, this model is being challenged and is losing its relevance. Every country now realizes that it must build its own resilience.

Friends,

What the world is discussing today, India made part of its policy as early as 2015, ten years ago. When NITI Aayog was established, its founding document clearly articulated India’s vision: India would not import a single development model from any other country. We would pursue an Indian approach to India’s development. This policy gave India the confidence to make decisions according to its own requirements and in its own national interest. That is a key reason why, even during a decade of disruption, India’s economy did not weaken but continued to grow stronger.

Friends,

In this decade of the 21st century, India is riding on a Reform Express. The greatest feature of this Reform Express is that we are accelerating it not out of compulsion but with conviction, and with a commitment to reform. Many distinguished experts and stalwarts of the economic world are present here. You have seen the period before 2014. Reforms were undertaken only when circumstances forced them, when crises struck, when no other option remained. The reforms of 1991 happened when the country faced the danger of bankruptcy and had to pledge its gold. That was the approach of earlier governments-they undertook reforms only out of compulsion. After the 26/11 terrorist attack, when the Congress government’s weaknesses were exposed, the NIA was formed. When the power sector collapsed and grids began to fail, only then did reforms in the power sector occur out of necessity.

Friends,

There is a long list of examples reminding us that when reforms are made under compulsion, neither the correct results nor the desired national outcomes are achieved.

Friends,

I am proud that in the last eleven years, we have carried out reforms with complete conviction-reforms in policy, in process, in delivery, and even in mindset. Because if policy changes but processes remain the same, if the mindset remains unchanged, and if delivery does not improve, reforms remain merely pieces of paper. Therefore, we have made sincere efforts to transform the entire system.

Friends,

Let me speak about processes. A simple yet crucial process is that of Cabinet notes. Many here would know that earlier, it would take months just to prepare a Cabinet note. How could a nation develop at that speed? So we changed this process. We made decision-making time-bound and technology-driven. We ensured that a Cabinet note would not remain on any officer’s desk beyond a fixed number of hours-either reject it or take a decision. The nation is witnessing the results today.

Friends,

Let me also give the example of approvals for railway overbridges. Earlier, it would take several years to get a single design approved. Multiple clearances were required, and letters had to be written at various levels-and I am speaking not about the private sector, but about the government. We changed this as well. Today, see the pace at which road and railway infrastructure is being built. Vineet ji elaborated on this extensively.

Friends,

Another interesting example is border infrastructure, which is directly linked to national security. There was a time when even constructing a simple road in border areas required permissions from Delhi. At the district level, there was practically no authority empowered to make decisions; there were wall upon walls, and no one could take responsibility. That is why, even decades later, border infrastructure remained in poor condition. After 2014, we reformed this process, empowered local administration, and today we are witnessing rapid development in border infrastructure.

Friends,

One reform in the past decade that has created a stir worldwide is UPI, India’s digital payment system. It is not merely an app; it represents an extraordinary convergence of policy, process, and delivery. Those who could never even imagine accessing banking and financial services are now being served by UPI. Digital India, the digital payment system, the Jan Dhan-Aadhaar-Mobile trinity-these reforms were not born of compulsion but of conviction. Our conviction was to ensure the inclusion of citizens whom previous governments had never reached. Those who were never cared for, Modi honors and empowers. That is why these reforms were undertaken, and our government continues to move forward with this same spirit.

Friends,

This new mindset of India is also reflected in our Budget. Earlier, when the Budget was discussed, the focus was only on outlay-how much money was allocated, what became cheaper or costlier. On television, budget discussions would revolve almost entirely around whether income tax had increased or decreased, as if nothing beyond that existed in the country. The number of new trains announced would dominate headlines, and later no one would ask what happened to those announcements. Therefore, we transformed the Budget from being merely outlay-centric to being outcome-centric.

Friends,

Another significant change in the Budget discourse is this: before 2014, there was extensive discussion about off-budget borrowing. Now, there is the discussion about off-budget reforms. Beyond the Budget framework, we implemented next-generation GST reforms, replaced the Planning Commission with NITI Aayog, removed Article 370, enacted legislation against triple talaq, and passed the Nari Shakti Vandan Act.

Friends,

Whether announced within the Budget or beyond it, the Reform Express continues to gather speed. In just the past year, we have carried out reforms in the ports and maritime sector, taken numerous initiatives for the shipbuilding industry, advanced reforms under the Jan Vishwas Act, enacted the Shanti Act for energy security, implemented labor law reforms, introduced the Bharatiya Nyaya Sanhita, reformed the Waqf law, and introduced a new GRAM G Act to promote rural employment. Numerous such reforms have been undertaken throughout the year.

Friends,

This year’s Budget has propelled the Reform Express even further. While the Budget has many dimensions, I will speak about two important factors-Capex and Technology. As in previous years, infrastructure spending has been increased to nearly ₹17 lakh crore in this Budget as well. You are aware of the significant multiplier effect of capex; it enhances the nation’s capacity and productivity and generates large-scale employment across numerous sectors. The construction of five university townships, the creation of city economic regions in Tier-2 and Tier-3 cities, and seven new high-speed rail corridors, such Budget announcements are, in the truest sense, investments in our youth and in the nation’s future.

Friends,

Over the past decade, we have regarded technology and innovation as core drivers of growth. With this vision, we promoted a start-up culture and a hackathon culture across the country. Today, India has more than two lakh registered start-ups operating across diverse sectors. We encouraged our youth and fostered a spirit that rewards risk-taking. The results are evident before us. This year’s Budget further strengthens this priority. Significant announcements have been made, particularly for sectors such as biopharma, semiconductors, and AI.

Friends,

As the country’s economic strength has grown, we have also empowered the States proportionately. Let me share another figure. Between 2004 and 2014, over ten years, the States received around ₹18 lakh crore as tax devolution. In contrast, from 2014 to 2025, States have been given ₹84 lakh crore. If I add the approximately ₹14 lakh crore proposed in this year’s Budget, the total tax devolution to States under our government will reach nearly ₹100 lakh crore. This amount has been transferred by the Union Government to various State governments to advance development initiatives in their respective regions.

Friends,

These days, there is considerable discussion about India’s FTAs-Free Trade Agreements. As I entered here, the conversations had already begun, and analyses are taking place across the world. Today, however, let me present another interesting perspective-perhaps not the angle the media seeks, but one that may be useful. I firmly believe that what I am about to say may not have crossed your minds either. Have you ever wondered why such extensive free trade deals with developed nations did not materialize before 2014? The country was the same, the youthful energy was the same, the government system was the same-so what changed? The change came in the government’s vision, in its policy and intent, and in India’s capabilities.

Friends,

Reflect for a moment-when India was labeled among the “Fragile Five” economies, who would have engaged with us? In a village, would a wealthy family agree to marry their daughter into an impoverished household? They would look down upon it. That was our situation in the world. When the country was gripped by policy paralysis, surrounded by scams and corruption, who could have placed their trust in India? Before 2014, India’s manufacturing base was extremely weak. Earlier governments were hesitant; hardly anyone approached India, and even if efforts were made, they feared that deals with developed nations would result in those countries flooding our markets and capturing them. In that atmosphere of despair, before 2014, the UPA government managed comprehensive trade agreements with only four countries. In contrast, the trade deals concluded by India over the past decade cover 38 countries across different regions of the world. Today, we are entering trade agreements because India is confident. Today’s India is prepared to compete globally. Over the past eleven years, India has built a robust manufacturing ecosystem. Therefore, India today is capable and empowered, and that is why the world trusts us. This transformation forms the foundation of the paradigm shift in our trade policy, and this paradigm shift has become an essential pillar in our journey toward a Developed India.

Friends,

Our government is working with full sensitivity to ensure that every citizen participates in development. Those left behind in the race for progress are being prioritized. Previous governments only made announcements for persons with disabilities; we too could have continued that path. But sensitivity defines governance. The example I am about to give may seem small to some of you. Just as our country has linguistic diversity, sign language too was fragmented-one form in Tamil Nadu, another in Uttar Pradesh, a third in Gujarat, a fourth in Assam. If a differently-abled person from one state travelled to another, communication became difficult. This may not appear to be a major task, but a sensitive government does not consider such matters trivial. For the first time, India has institutionalized and standardized Indian Sign Language. Similarly, the transgender community had long struggled for their rights; we enacted legislation granting them dignity and protection. In the past decade, millions of women were freed from the regressive practice of triple talaq, and reservation for women in the Lok Sabha and State Assemblies was ensured.

Friends,

The mindset within the government machinery has also transformed, becoming more sensitive. This difference in thinking is visible even in schemes like providing free food grains to the needy. Some in the opposition mock us; certain newspapers amplify such mockery. They ask why free rations are given when 250 million people have supposedly risen out of poverty. It is a peculiar question. When a patient is discharged from a hospital, does the doctor not still advise precautions for several days? Yes, the person has come out of poverty, but that does not mean support should immediately cease. Those with narrow thinking fail to understand that lifting someone out of poverty is not sufficient; we must ensure that those who have entered the neo-middle class do not slip back into poverty. That is why continued support in the form of free food grains remains necessary. Over the past years, the Central Government has spent lakhs of crores on this scheme, providing immense support to the poor and the neo-middle class.

Friends,

We also observe a difference in thinking in another context. Some people question why I speak of 2047. They ask whether a Developed India will truly materialize by then, and whether it matters if we ourselves are not present at that time. This, too, is a prevalent mindset.

Friends,

Those who fought for India’s independence endured lathi charges, imprisonment in Cellular Jail, and even mounted the gallows. Had they thought that independence might not come in their lifetime and questioned why they should suffer for it, would India ever have attained freedom? When the nation comes first, when national interest is paramount, every decision and every policy is shaped for the country. Our vision is clear-we must continue working tirelessly to build a Developed India. Whether we are present in 2047 or not, the nation will endure, and future generations will live on. Therefore, we must dedicate our present so that their tomorrow is secure and bright. I sow today so that the generations of tomorrow may reap the harvest.

Friends,

The world must now prepare to live with disruption. Its nature may evolve over time, but rapid change in systems is inevitable. You can already witness the disruption brought by AI. In the coming years, AI will usher in even more revolutionary transformations, and India is prepared. In a few days, India will host the Global AI Impact Summit. Nations and technology leaders from across the world will gather here. Together with all of them, we will continue striving to build a better world. With this confidence, I once again extend my best wishes to all of you for this Summit.

Thank you very much.

Vande Mataram.