• It has been established that ‘Gujarat means Development and Development means Gujarat’.
  • In 2011-12, the developmental expenditure was 65% of the total budget and only 35% was non-planned.
  • In 2001, the state had begun the journey with Rs6,700 crore revenue deficit and today Gujarat is moving ahead with a surplus of Rs3,000 crore.
  • In 2001, Gujarat GEB’s yearly deficit was Rs2,500 crore and in past 10 years, there has been no rise in the tariff.
  • Gujarat is the only state in the country that provides uninterrupted 24x7 three phase power to 18,000 villages under ‘Jyotigram’ scheme without raising a single paisa.
  • Gujarat has been able to acheviev an agriculture growth of 11% throughout the past decade.
  • Gujarat has established nearly 2.5 lakh women’s self-help groups in the state during the last two and a half years.

On July 1, 2012, Chief Minister Shri Narendra Modi addressed chartered accountants on the occasion of ‘CA Day’ and celebrations of Golden jubilee Year of the Institute of Chartered Accountant of India (ICAI), Ahmedabad Chapter, in Ahmedabad. In his address, the CM spoke about the future of the country that lies in the hands of young CAs, today.You can view the details of the event here.

Friends! Let’s celebrate as July 1, 2012 is your ‘CA Day’ and celebrations of Golden Jubilee Year of Institute of Chartered Accountant of India (ICAI), Ahmedabad are also going on at the same time. Loads of compliments to all of you! I wish the activity of unaccounted black money flow from India to foreign countries comes to a halt. I put my confidence in you as it is you who can put an end to this malpractice. As those who are employed for curbing this illegal activity, do not seem to be doing their job dutifully. However, Gujarat will do the needful here as the state has been endowed with skillful and talented people. Friends! When at workplace, more than often, you have to work under scanner and this is all because of the serious nature of your job.

Well I would say who can keep an eye on all this? Who can stop such malpractices from taking place? Today I say the Institute of Chartered Accountant of India is working towards achieveing a corruption- free work environment for the future chartered accountants.

Elections are being held since years in this country and the fact that there is any agency like Election Commission to conduct elections, is not known to a lot of people. After TN Seshan became the 10th Chief Election Commissioner of India, people came to know that there is an agency called Election Commission for conducting elections across the country. There were systems set aside for procedures and people employed for specific work but all this didn’t work. Institutions like ICAI work with a motive that benefits citizens and the nation, at large. Such institutes shall work towards bringing out transparency as it is a great way to render services to our country.

Friends! A lawywer’s job is to win cases for his clients and with changing times, it seems that lawyers will do anything to win the cases. But how does a CA comes into picture then? CA’s job is to regulate the system; advise the client; educate him of right and wrong and warn him of dire consequences, if he goes the wrong way. This is where the institution’s role comes into play. It is a fact that once upon a time, the country produced very less number of chartered accountants. But times have changed and this year we are celebrating Golden Jubilee Year with 5,000 CAs in Ahmedabad.  And if we talk about the entire Gujarat, we may have 10,000 CAs. Friends! This number is only going to increase in the coming years!

Friends! People are trying hard to defame Gujarat because neither they are able to grow nor they can see anybody else grow. In spite of so many hurdles and oppositions, it has been established that ‘Gujarat means Development and Development means Gujarat’. The state began its journey in 1960.

Friends! You will be surprised to know that when I accepted the responsibility of Gujarat in 2001, there was planned and unplanned expenditure. Earlier, other expenditure was double than the developmental expenses! In 2011-12, the developmental expenditure was 65% of the total budget and only 35% was non-planned and that too after salary rise as per different pay commissions. In the sixth pay commission we increased the share for development and reduced the amount for other expenses.

Friends if we accept the financial policies implemented by the government, as it is, great reforms can be brought about without facing much difficulties! In these 10 years, there has not been any addition, even of a single rupee, in taxation in the state. In 2001, we had begun the journey with Rs6,700 crore revenue deficit and today Gujarat is moving ahead with a surplus of Rs3,000 crore. Friends, people in the industry belive that a PSU in India is bound to die an infantile death. It is assured that any PSU would become non-functional in some time and that it would lead to losses and more sufferings for the people. Most of the Indian government owned companies in electricity sector are running into losses. In 2001, Gujarat GEB’s yearly deficit was Rs2,500 crore and in past 10 years, there has been no rise in the tariff.  However, when made the comparision, the rates of coal and transportation charges, salaries of government employees and cost of wires, have increased. In spite of increase in the burden, Gujarat is the only state in the country that provides uninterrupted 24x7 three phase power to 18,000 villages under ‘Jyotigram’ scheme without raising a single paisa. I would say all this is feasible, if our intensions are good.

Friends, we want to achieve 4% agriculture growth across India. For the past 20 years the target has been fixed and has remained the same. Every year we decide that this year we will surely achieve the target. But unfortunately, we are not able to achieve beyond 2.5-3% growth in agriculture sector. This year too it has not gone above 2.5%. Friends, Gujarat, whose major part is ‘Registan’ (desert) with no perennial rivers except Narmada and Tapti, has been able to achieve an agriculture growth of 11% throughout the past decade (2001 to 2011). We are much ahead of other developing countries of the world and I would say that Gujarat has not only made progress in agriculture sector but in other fields too. Friends,  people were migrating from Kutch as the region registered negative growth and the devastating earthquake of 2001 added to the miseries of the government. However, friends thereafter started the development journey of Kutch. People of Kutch, a desert, started exporting fruits to the world markets. Today we have export quality ‘Kesar’ mangoes from Junagadh, Gir and Talala. Friends, ‘Kesar’ mangoes of Kutch have created a big market in the world. In the coming days, the state government is planning to do value addition to the agriculture sector. It is also making arrangements to progress in the sector of food processing and improve farmers’ lives.

Friends, people across the world are worried about recession as it affects a common man. There are people who have been affected by the recession in the past and you never know when is your turn? How to come out of this recession? Recession hit the world in 2008 and the question on everyone’s mind was—will India be hit by recession? In such a scenario, Gujarat was the only state that decided to challenge the situation and in 2009 organized Vibrant Gujarat Global Investors Summit. It  was successful in inviting people to invest lakhs and crores of rupees. It is the foremost responsibility of the government in Delhi to see that India doesn’t become a market for other countries during recession. For the world, India is a huge market and the government should make sure that India just does not remain a market, but make the entire world its market. Friends! India has a lot of  talent. If we once decide on achieving our goal, there should be no looking back.

Friends, there was a time when PL-480 wheat was available. People were fed up of importing wheat from outside India. Lal Bahadur Shastri was the one who called for the farmers of the nation and coined the slogan‘Jai Javan, Jai Kisan’. He asked the farmers to grow and fill the godowns with food grains. Within no time the same farmers were not only able to grow and fill the godowns with the produce from their farms but were also able to say no to the import. This proves that there exists a pool of talent in this country. Now, the question arises as to how the country should make the world its market? Can’t we decide that whatever the country produces or manufactures will have zero defects? And once we create such an image, the entire world will buy ‘Made in India’ products. Friends, with 120 crore people, 240 crore arms, I don’t think we lack in talent or potential and that there is nothing beyond our reach in this world! With this attitude, we can take a step in this direction and strive to become economic superpower in the world. What is needed here is determination. If we have potential, why can’t we build a society that gives priority to efficient governance? Efficiency gives us the strength to go ahead of others in the competitive world. If efforts are made in this direction, I am sure changes will occur.

This is the year of Swami Vivekanandaji’s 150th anniversary and Gujarat has decided to celebrate it as a ‘Year of Youth Power’. Friends! When we ask which country of the world will rule 21st century, the two names that come to the mind are India and China. Some say it is China, but basically Asia will rule the 21st century. If Asia rules the 21st century, how can we make India rule the 21st century? Once during a speech Prime Ministerji said the government of India is thinking of starting 500 different types of skill development projects in India. It is the dream of 120 crore countrymen that India, whose 65% population is below 35 years of age, rules the 21st century and India’s Prime Minister says that we have a target of 500 skill development projects in India. Compared to this, how many skill development projects the China government is runnig? Friends, you will be surprised to know that the China government is running 50,000 skill development programmes of various types for preparing the country’s youth. Today, Gujarat has undertaken skill development campaign and a meeting of officers was called for discussing the same. The state government decided that for carrying out programmes of skill development at a large scale, we should aim at raching ahead of China in this field. Friends, we then gave a suggestion to the government—prepare a list of services that a person requires from his birth time till death! The services required have to be in proportion to the skills the state possesses. Only then the services can be provided! If you want a bouquet, shouldn’t you have a bouquet maker to make one? It is very simple. After preparing the list, it was found that 976 different types of services are required by a person since birth till death. Friends, how much scope do we have! If we have skill, we can make use of the youth’s skills to progress and in this direction, Gujarat has given precedence to the year of youth power. Gigantic work is being done for the skill development programme.

Friends, ‘Mission Mangalam’. I wish chartered accountant friends take interest in this project and consider this as a charity work. A campaign for women’s self-help group has been initiated. We established nearly 2.5 lakh women’s self-help groups in Gujarat during the last two and a half years. The government gives them some amount in the beginning and also arranges from the banks so that they are able to run their business. These ‘Sakhi Mandals’ of Gujarat, work under ‘Mission Mangalam’ scheme and make business worth nearly Rs1,600 crore. The women of poor families run business worth Rs1,600 crore. In near future, we want the figure to reach Rs 5,000 crore. Think how much money the poor women will earn out of this and experience says that 99% women deposit money one day prior to the due date. Friends, by considering these our strengths Gujarat is moving forward.

Gentlemen! I still remember I had recently taken charge as the Chief Minister and as part of the tradition, the Chamber of Commerce invited me to felicitate. I had to give a speech and perhaps it was my first speech. Since I had never even been a sarpanch prior to this, so everyone doubted my capabilities. People thought what this person will accomplish in Gujarat? And I would say the doubts were geneuine. It is similar to a situation where a person who does not know anything about cooking and has never entered kitchen before in life, is asked to prepare food for five persons! People thought on similar lines. Anyway, I would say that you all put your confidence in me and gave me a chance to carry out the responsibility. I addressed the audience and remember very distinctively that it was my first day and all the known personalities from industry and commerce were sitting in front of me. I spoke that our country requires 50,000 MW electricity and that we have a vast coastline. If Gujarat decides, it can produce 20,000 MW power by importing coal. I was a 7-day- old Chief Minister. Think of the impact my statement would have made? The audience began discussing that this person addressing us is not knowledgeable enough to understand the difference between Mega Watt and Kilo Watt. Gujarat at that time used to produce a total of 4,000 MW electricity. And I was speaking of producing 20,000 MW of electricity. People thought there must have been some confusion! People thought that a Chief Minister who does not even realise the difference between Mega Watt and Kilo Watt—how  can he run a state like Gujarat? Such was the takeaway from that day’s speech. Gentlemen, I am happy to share this today that after 10 years, more than 20, 000 MW of power is being generated. I am sure those great personalities must have realized their ignorance by now. Friends, the crux of the matter is that there was a time when I would present my ideas to the people and they would be left wondering as their approach towards accomplishing tasks was way different than mine.

Friends, BRTS failed across the country, however, the same BRTS is running successfully in Gujarat. The difference lies in the approach and the manner in which you carry out a process. I will illustrate an example of what problems can arise when there is difference in the approach being followed. Friends, I had written a letter to the Prime Minister, some one and a half years back. Tell me under what circumstances, a state’s chief minister writes to the Centre? Either he wants to seek financial help or raise quota for wheat or get allotment of funds for roads. Friends! What I wrote in the letter created a stir among the Delhi government. I had written to give the state one of the satellites that India has! Gentlemen, it took the government in Delhi a year to exactly understand the demand that I made before them. People in the political scenario began thinking as to what could be the reason behind making such a demand and from where can one get the idea? One and a half years have passed and the Indian government has not thought about it yet. However, some three months back, Gujarat government received this letter from the Prime Minister stating that the Indian government has made an arrangement where the state would be assigned 90% usage. Today Gujarat is the only  state to demand 36 MHz capacity. Friends, with the help of the satellite, the state wants to carry out activities like tele medicine, long distance education, and in particular long distance education for the children living in remote Vanbandhu areas.

Last year the budget, the government of India came out with a scheme under a pilot project where 3,000 villages were to get broadband connectivity. Two years have passed and there is no news on those 3,000 villages. But Friends, our government has already given broadband connectivity to 18,000 villages four years back. Such is the difference. Whether it is about skill development, agriculture, use of satellite, or broadband connectivity, you can see Gujarat progressing in every field.

Friends, no one was ready to venture into solar power sector in India! Gujarat was the first state to come out with a solar policy. When power is available at a rate of Rs3 - 3.5 per unit, who would want to buy it at the rate of Rs13 per unit?  Several allegations were made, but we decided to bring in some change as change is inevitable. Without bringing in the required changes, the natural resources will one day get depleted completely. Gujarat governmet took a bold decision in this regard based on which the government of India decided to keep the rate as Rs19 per unit. I thought it was over for Gujarat as with this rate who would want to come to Gujarat government? We were sure that our 2-years of hard work had all gone in vain. But friends, see how great is the power of faith? In spite of Rs19 per unit, no one approached the government in Delhi but instead approached Gujarat government that offered Rs13 per unit. While on one hand, Gujarat has 700 MW solar power, on the other hand India has 120 MW. Friends, we started with Rs13 per unit and in near future will make it available at nearly Rs7-8 per unit.

Friends, because of the Delhi-Mumbai Industrial Corridor, Gujarat’s economy will grow in the coming days and the state will become gateway of India as a lot of development will take place at its ports. Dholera Special Investment Region is coming up at a distance of only 60 kms from Ahmedabad. You can imagine the kind of development that will take place here! If there are any beneficiaries, it is you.  My good wishes are with you and may you progress with this resolve during this Golden Jubilee Year.

Thank you..!!

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Country's development is getting new momentum by the youth: PM
May 14, 2022
“Country's development is getting new momentum by the young energy”
“In the short period of 8 years, the startup story of the country has undergone a massive transformation”
“After 2014, the government restored faith in the innovation strength of youth and created a conducive ecosystem”
“Launch of Start-Up India 7 years ago was a big step in turning ideas into innovation and taking them to industry”
“There is unprecedented emphasis on ease of doing business as well as on ease of living in India”


Chief Minister of Madhya Pradesh Shri Shivraj Singh Chouhan ji, the ministers of MP government, MPs, MLAs, my friends from the world of start ups, ladies and gentlemen!

You all must have seen that I was interacting with the young talents of Madhya Pradesh associated with start-ups and I realized and you too must have realized that when the heart is full of enthusiasm, new hopes and the spirit of innovation, its effect is clearly visible. I got the opportunity to talk to all of you and those who would have heard this interaction can say with full confidence that just like we have a proactive start-up policy in the country today, the start-up leadership too is extremely diligent. That is why, the country's development is gaining momentum with a new youthful energy. Start up portal and i-Hub Indore have been launched in Madhya Pradesh today. Financial assistance has also been given to start ups and incubators under the start up policy of MP. I congratulate the Government of Madhya Pradesh, the start up ecosystem of the country, and all of you for these efforts, and for organizing this event.


 You might remember, when our government was formed in 2014, there used to be around 300-400 start-ups in the country and the word start-up was not heard of and no one talked about it either. But today in a short span of eight years, the world of start ups in India has completely transformed. Today there are about 70 thousand recognized start-ups in our country. Today India has the third largest start-up eco-system in the world. We are also emerging as a force to be reckoned with among the world's biggest unicorn hubs. Today a start up in India turns into a unicorn within an average of 8 or 10 days. Just imagine! Turning into a unicorn means reaching a valuation of about 7000 crore rupees starting from zero in such a short time. And today every 8–10 days a new unicorn is being formed by our youth in this country.


 This is the strength of the youth of India, an example of the will power to achieve new heights of success. And I would ask the experts studying the policies of the economic world to note one thing. The volume of our start-ups in India is huge and so is its diversity. These start-ups are not limited to any one state or a couple of metro cities. These start-ups are spread throughout several states as well as smaller cities of India. Moreover, approximately there are more than 50 different types of start-ups associated with different industries. These are spread across every state and more than 650 districts of the country. About 50 percent of the start-ups are in tier 2 and tier 3 cities. Often some people are under the impression that start-up is something related to computers or some activity or business of the young people. This is just an illusion. The reality is that the scope of start-ups is huge. Start-ups give us simple solutions to tough challenges. And we can see that the start-ups of yesterday are turning into multinationals today. I am glad that today new start ups are emerging in the field of agriculture, retail business as well as the health sector.


 Today, when we hear the world praising India's start up ecosystem, every Indian feels proud. But friends, there is a question. The word start up, which was a part of discussion in certain pockets of technical world till 8 years ago, has become a powerful medium to fulfil the dreams of ordinary Indian youth. How did it become a part of their everyday conversation? How did this paradigm shift take place? It didn't happen suddenly. Clear goals, defined direction under a well thought out strategy resulted in these changes and as I am before the land of Indore today and have also met the youngsters from the world of start-ups, I feel that I should tell you a few things today. How did the start up revolution take its present shape? I believe it is very important for every youngster to know this. This is also an inspiration in itself. Moreover, it is a great impetus for the 'Azadi Ka Amritkal'.


There has always been an urge to innovate in India and to solve problems with new ideas. We have experienced this very well during the era of IT revolution. But unfortunately, our youth didn't get the encouragement and the support that they should have received at that time. The environment developed by the IT revolution should have been channelized and given a direction. But that did not happen. We have seen that the entire decade had been marred by big scams, policy paralysis and nepotism. The dreams of one generation of this country had been shattered. Our youth had ideas and a yearning for innovation but everything was entangled in the policies of the previous governments or rather in the 'lack of policies'.


After 2014, we revived this power of ideas and this spirit of innovation among the youth. We believed in the power of the youth of India. We prepared a complete roadmap for 'Idea to Innovation to Industry' and focused on three things.

First - construction of infrastructure of the institutions associated with 'Idea, Innovate, Incubate and industry'.

Second - simplification of government procedures

And third- change in mind-set for innovation; creation of a new ecosystem.


Keeping all these things in mind, we started working together on different fronts. One of these was Hackathons. Seven-eight years ago, when Hackathons started happening in the country, no one had any idea that they would create and serve as a strong foundation for start-ups. We threw a challenge at the youth of the country and the youth accepted the challenge and came up with solutions. Lakhs of youth of the country saw a purpose in life and their sense of responsibility increased through these hackathons. This instilled in them the belief that they could contribute in resolving the day to day problems the country was facing. This spirit acted as a kind of launch pad for start-ups. If we talk only about the Smart India Hackathon of the government, about 15 lakh such talented young fellows were associated with it in the past years. Probably some of you sitting here were also a part of it. I remember that in such hackathons there were so many new things to learn and understand because I too enjoyed it a lot! I used to keep a close watch on the Hackathon activities of the youth for two days. I also used to take part in group discussions with them till 12, 1 and even 2 at night. I could see their passion. I used to observe their activities, the way they solved the problems and their brightened faces on successes. I used to observe all these things. And I am glad that even today some or the other hackathon is going on in some part of the country. That is, the country is continuously working on the initial process of building start-ups.


7 Years ago, the Start Up India campaign was a huge step towards institutionalizing the concept of 'idea to industry'. Today it has become a major medium of converting ideas into the industry by hand-holding. The next year we had started the Atal Innovation Mission to develop a mind-set of innovation in the country. Under this, a huge ecosystem is being created from Atal Tinkering Labs in schools to incubation centres and hackathons in universities. Atal Tinkering Labs are running in more than 10 thousand schools across the country today. In these, more than 75 lakh children are getting exposed to modern technology and are learning the ABCD of innovation. These Atal tinkering labs being built across the country are acting as a nursery class for start ups. When the student reaches college, more than 700 Atal Incubation Centers would have been set up in the country to incubate the new idea that he would have. The new National Education Policy that the country has implemented will also help in further enhancing the innovative minds of our students.


Besides incubation, funding is also very crucial for start ups. They received assistance because of the concrete policies of the government. The government not only created a fund of funds on its behalf, but also created different platforms to engage the start-ups with the private sector. With similar steps, today private investment worth thousands of crores of rupees is also being injected into the start-up ecosystem and is increasing day by day.


Over the years, several reforms have been made relentlessly such as giving tax exemptions and other incentives in the country. The doors of new areas have been unlocked for start-ups with the various reforms made in the technological aspect like mapping in the Space Sector, drones etc.


We have prioritised another requirement of the start-ups. After the start-up is formed and their services and products reach the markets easily, they are also getting a major buyer in the form of government. So, a special provision was made by the Government of India on the GeM portal. Today there are more than 13 thousand start ups registered on GeM portal. And you would be delighted to know that on this portal start-ups have done business worth more than Rs 6500 crores.


Another major work that has been done is related to the modern infrastructure. Digital India has laid a great emphasis on the expansion of the start-up ecosystem. Cheap smart phones and cheap data also connected the middle class and the poor of the villages. This has opened up new avenues and new markets for start-ups. Due to such efforts of 'idea to Industry', today start ups and unicorns are providing employment to lakhs of youth of the country.


The start-up itself constantly gets innovated. It does not talk about the past. That is the fundamental character of a start-up. It always talks about the future. Today, from Clean Energy and Climate Change to Healthcare, there are infinite opportunities for the startups to innovate in all such areas. Start-ups also play a major role in increasing the tourism potential in our country. Similarly, start-ups can also do a lot to strengthen the people's movement of Vocal for Local. Our start-ups can bring a huge network and provide a huge platform for branding the cottage industries of our country as well as the commendable work done by handlooms and weavers so as to take them to the international market. Our tribal brothers and sisters of India, forest dwellers make so many beautiful products. That too can become a great option or a new field for the start-ups to work upon. Similarly, you know that India is among the top-5 countries of the world in terms of mobile gaming. The growth rate of India's gaming industry is more than 40 per cent. In this budget, we have also emphasized on the support of AVGC i.e. Animation, Visual Effect, Gaming and Comic sector. This also is a huge sector for India's start ups, which they can lead. One such sector is the toy industry. India has a very rich heritage regarding toys. Start-ups from India can make it the centre of attraction for the whole world. At present, India's contribution to the global market's share of Toys is just less than one percent. The youth of my country, the youth who are living with the ideas can do something about increasing this share. You can venture into this start-up sector and contribute a lot. I am glad to say that more than 800 start-ups of India are associated with sports. I am sure you too are elated on hearing this. No one would have imagined that this too could be a field. In this too the culture of sportsmanship, the spirit of sports is being developed. There are several possibilities in this field too for the start-ups.


We have to give a new momentum to the success of the country. We need to take it to new heights. Today India is the Fastest Growing Economy among G-20 countries. India is the third largest economy in the world. Today India is at number one in the world in terms of Smartphone Data Consumer. India ranks second in the world in terms of Internet users. Today India stands at the second position in the Global Retail Index. India is the third largest energy consumer country in the world. The world's third largest consumer market is in India. India has set a new record by exporting merchandise worth more than $417 billion i.e. Rs 30 lakh crore in the last financial year. India is investing like never before to modernize its infrastructure today. India's unprecedented emphasis today is on Ease of Living and also on Ease of Doing Business. All these things will fill any Indian with pride. All these efforts instill a sense of confidence. India's growth story, India's success story will now move forward with a new zeal in this decade. This is the time for India's 'Azadi Ka Amrit Mahotsav'. We are celebrating 75 years of our independence. Whatever we do today, the future of New India and the direction of the country will be decided by it. With these concerted efforts, we will fulfil 135 crore aspirations. I am sure, India's start up revolution will become a very important hallmark of this 'Amritkal'. My best wishes to all the youth.

Heartiest congratulations to the Madhya Pradesh government as well!

Thanks a lot.