The Prime Minister, Shri Narendra Modi, addressed the Hindustan Times Leadership Summit in New Delhi today.
Describing India’s journey towards a brighter future, the Prime Minister said India’s current position should be looked out in the global context, as well as the context of where India stood a few years ago.
The Prime Minister explained his vision for economic reforms, and mentioned some of the major economic successes of the recent past, including GDP Growth Rate of 7.4%, and improvement in the ease of doing business. He said the ease of doing business could improve only because both the Centre and States worked together. The Prime Minister said States had now been given additional finances based on the recommendations of the 14th Finance Commission.
The Prime Minister explained how direct transfer of LPG subsidy, and the LED lighting schemes were saving thousands of crores of rupees. He said neem-coating of urea was preventing diversion of urea meant for agriculture. The Prime Minister mentioned the recent FDI in the railway sector, for two locomotive manufacturing units to be built in Bihar.
The Prime Minister also talked about the process of electrification of India’s 18000 unelectrified villages, and said the progress towards this end can be seen by everyone using the Grameen Vidyutikaran App.
I am sure there will be extensive discussions on the topic you have decided: PM at @htTweets Leadership Summit— PMO India (@PMOIndia) December 4, 2015
Among world economies, India is seen as one of the fastest growing. All this when the world economy is slowing down: PM at @htTweets Summit— PMO India (@PMOIndia) December 4, 2015
Let us place what is happening in India in the context of the world and in context of what we witnessed in the recent past: PM— PMO India (@PMOIndia) December 4, 2015
Having a stable Government is a very big thing and this can't be ignored. Fractured mandates always have uncertainty: PM at @htTweets Summit— PMO India (@PMOIndia) December 4, 2015
On 'Ease of Doing Business', we were either constant or falling. Progressing in those rankings was unthinkable in the past: PM at #HTLS2015— PMO India (@PMOIndia) December 4, 2015
States we never usually look towards did well in 'Ease of Doing Business' rankings- Odisha, Jharkhand & Chhattisgarh: PM at #HTLS2015— PMO India (@PMOIndia) December 4, 2015
India is not going to progress from Delhi. States have the most important role in India's progress. States & Centre must work together: PM— PMO India (@PMOIndia) December 4, 2015
Till now Delhi decided where states will spend money. This has changed & now CMs decide where money will be spent: PM at @htTweets Summit— PMO India (@PMOIndia) December 4, 2015
If I cut down subsidy, I will be hailed as reformist, but if we do targetted delivery of subsidies it is not seen as reform: PM at #HTLS2015— PMO India (@PMOIndia) December 4, 2015
The good news is Parliament is running & credit goes to all the parties: PM @narendramodi— PMO India (@PMOIndia) December 4, 2015