Releases commemorative stamp and coin
“Commitment of the youth towards the values of Bhagwan Mahavir is a sign of the nation moving forward in the right direction”
“We are celebrating the Bhagwan Mahavir’s Nirvan Diwas even after 2500 years and I’m sure that the nation will continue to celebrate the values of Bhagwan Mahavir for thousands of years to come”
“Teaching of our Tirthankaras have gained a new relevance in the time of many wars in the world”
“India is making a place for itself as ‘Vishwa Bandhu’ in a divided world”
“The new generation believes that India’s identity is its pride. India is proof that it becomes impossible to stop a nation when the feeling of self-respect awakens”
“For India, modernity is its body, spirituality is its soul”

Jai Jinendra, Jai Jinendra, Jai Jinendra! Revered Shri Pragyasagarji Muniraj, revered Upadhyay Shri Ravindra Muni ji Maharaj Sahib, revered Sadhvi Shri Sulakshanashriji Maharaj Sahib, revered Sadhvi Shri Animashriji Maharaj Sahib, my colleagues in the government, Arjun Ram Meghwal ji and Smt. Meenakshi Lekhi ji, all the respected saints, brothers and sisters!

This magnificent building of Bharat Mandapam is witnessing the beginning of the 2550th Nirvana Mahotsav of Lord Mahavir today. We have just seen the depiction prepared by student friends on the life of Lord Mahavir! The young companions also presented the 'Vartaman Mein Vardhman' cultural program. This attraction and dedication of the young generation towards our timeless values, towards Lord Mahavir, instils the belief that the country is heading in the right direction. On this historic occasion, I also have the privilege to release special postage stamps and coins. This event has been made possible especially with the guidance and blessings of our Jain saints and sadhvis. And therefore, I bow to all of you. I extend my greetings to all the citizens of the country on this holy occasion of Mahavir Jayanti. You all know participating in such virtuous programs amidst the hustle and bustle of elections greatly soothes the mind. Respected saints, it is natural for me today to remember the great spiritual leader Acharya Shri 108 Vidyasagarji Maharaj on this occasion. Just last year, I had the opportunity to meet him at the Chandragiri Temple in Chhattisgarh. Though his physical body may not be among us, his blessings are certainly with us.

Friends,

This 2550th Nirvana Mahotsav of Lord Mahavir is a rare occasion of thousands of years. Such occasions, naturally, bring together many special coincidences. This is the time when Bharat is in the early phase of the ‘Amrit Kaal’. The country is working towards making the centenary year of independence into a golden centenary. This year, our Constitution is also nearing 75 years. At the same time, a grand democratic festival is underway in the country. The nation believes that from here, the new journey of the future will begin. Amidst all these coincidences, today we are all gathered here together. And you must have understood what it means to be present together? My connection with you all is very old. Everybody has his own world.

Brothers and sisters,

The concept of ‘Amrit Kaal’ for the nation is not just a grand resolution; it is Bharat’s spiritual inspiration that teaches us to live immortality and eternity. Even 2500 years later, we are celebrating the Nirvana Day of Lord Mahavir today. And we know that even thousands of years later, this country will continue to celebrate such festivals connected with Lord Mahavir. The ability to think in centuries and millennia... this visionary and far-reaching thinking... that's why Bharat is not only the world's oldest living civilization, but also a secure haven for humanity. This is Bharat that thinks not just for 'self' but for 'all'. This is Bharat that doesn't feel just 'own' but feels 'universal'. This is Bharat that thinks not of 'ego' but 'we'. This is Bharat that believes not in 'limits' but in 'boundlessness'. This is Bharat that talks of policy, talks of 'neti' (not this) and talks of 'neti' (not that). This is Bharat that talks about the universe in the atom, talks about the Divine in the universe, talks about Shiva in the soul.

Friends,

In every era, new ideas emerge according to the needs. However, when there is stagnation in ideas, thoughts turn into arguments, and arguments turn into disputes. But when nectar emerges from disputes and we walk with the support of nectar, then we move forward towards rejuvenation. However, if poison emerges from disputes, then we sow the seeds of destruction at every moment. For the 75 years since independence, we have debated, argued, and held dialogues, and what has emerged from this churn after 75 years, now it is our responsibility to take that nectar, liberate ourselves from poison, and live this era of ‘Amrit Kaal’. Amidst global conflicts, countries are becoming war-weary. In such times, the teachings of our Tirthankaras have become even more important. They have provided philosophies like Anekantavada and Syadvada to save humanity from arguments and disputes. Anekantavada means understanding multiple aspects of a subject, being open to seeing and accepting others' perspectives. Such a liberating interpretation of faith is the uniqueness of Bharat, and this is the message of humanity from Bharat.

Friends,

Today, amidst conflicts, the world is looking to Bharat for peace. The credit for this new role of the new Bharat is attributed to our growing capabilities and foreign policy. But I want to tell you that our cultural image has a significant contribution to this. Today, Bharat has got this role because we uphold vows like truth and non-violence on global platforms with full confidence. We tell the world that the solution to global crises and conflicts lies in Bharat’s ancient culture and tradition. Therefore, Bharat is carving out its place as a 'Vishwa Bandhu’ (friend of world) for the divided world. For solutions to crises like 'climate change,' today Bharat has laid the foundation for global movements like 'Mission LiFE.' Today, Bharat has presented the vision of One Earth, One Family, One Future to the world. For clean energy and sustainable development, we have provided a roadmap for One-World, One-Sun, One-Grid. Today, we are leading futuristic global initiatives like the International Solar Alliance. Our efforts have not only instilled hope in the world but have also changed the world's perspective on Bharat’s ancient culture.

Friends,

The essence of Jainism is the path of victory, meaning the path of conquering oneself. We have never resorted to aggression to conquer other countries. We have achieved victory by reforming ourselves and overcoming our shortcomings. Therefore, some sage, some wise person has appeared in every era to guide us during difficult times. Great civilizations were destroyed, but Bharat found its way.

Brothers and sisters,

You must remember what kind of atmosphere prevailed in our country just 10 years ago. There was all-round despair and hopelessness! It was believed that nothing could happen to this country! This despair was equally troubling for Indian culture. Therefore, after 2014, along with physical development, we also took a resolution of pride in our heritage. Today, we are celebrating the 2550th Nirvana Mahotsav of Lord Mahavir. In these 10 years, we have celebrated many such significant occasions. Whenever our Jain Acharyas have invited me, I have made an effort to participate in those programs as well. Before entering the new building of Parliament, I remember these values by saying 'Micchami Dukkadam.' Similarly, we have started to preserve our heritage. We have talked about yoga and Ayurveda. Today, the new generation of the country believes that our identity is our pride. When the feeling of pride awakens in the nation, it becomes impossible to stop it. The progress of Bharat is evidence of this.

Friends,

For Bharat, modernity is the body, spirituality is its soul. If spirituality is removed from modernity, then it gives birth to lawlessness. And if there is no sacrifice in behaviour, even the greatest of ideologies become distorted. This is the perspective that Lord Mahavir gave us centuries ago. Reviving these values in society is the demand of the time.

Brothers and sisters,

Our country has also endured the agony of corruption for many decades. We have witnessed the deep suffering of poverty. Today, the nation has reached a point where we have lifted 250 million people out of the quagmire of poverty. You will remember, I said from the Red Fort, and Pujya Maharaj also reiterated - this is the time, the right time. This is the right time for us to strengthen the ideals of ‘Asteya’ and ‘Ahimsa’ in our society. I assure all you saints that the country will continue its efforts in this direction. I also believe that your support in the journey of building the future of Bharat will strengthen the nation's aspirations and make Bharat ‘Viksit’ (prosperous).

The blessings of Lord Mahavir will ensure the welfare of 1.4 billion citizens and the entire human race... And I respectfully bow to all the revered saints. In a way, pearls were appearing in their speeches. Whether it was about women empowerment, the journey of development, or the great traditions, all the revered saints have presented what is happening in current systems, and what should happen, in a very short time and in a very wonderful manner. I express my heartfelt gratitude to them for this, and I consider each of their words as a blessing. They are my invaluable treasure, and each of their words is an inspiration for the country. This is my conviction. If perhaps it weren't an election atmosphere, maybe I would have been in a different mood. But I have made every effort to keep those things aside and come here. I might not have brought them, but you have definitely brought them. But for all of this, no matter how hot it gets, don't wait for the heat to reduce before stepping out of the house. Come out early in the morning, and there is a direct connection with the lotus, with all our saints, mahants, and divine beings. I am very pleased to be among all of you, and with this sentiment, I bow down once again at the feet of Lord Mahavir. I bow down to all you saints. Thank you very much!

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Text of PM’s address at third edition of Kautilya Economic Conclave in New Delhi
October 04, 2024
Today, India is the fastest growing major economy:PM
Government is following the mantra of Reform, Perform and Transform:PM
Government is committed to carrying out structural reforms to make India developed:PM
Inclusion taking place along with growth in India:PM
India has made ‘process reforms’ a part of the government's continuous activities:PM
Today, India's focus is on critical technologies like AI and semiconductors:PM
Special package for skilling and internship of youth:PM

Finance Minister Nirmala Sitharaman ji, President of the Institute of Economic Growth N K Singh ji, other distinguished guests from India and abroad at the Conclave, ladies and gentlemen! This is the third edition of the Kautilya Conclave. I am delighted to have the opportunity to meet you all. There will be numerous sessions here, discussing various economic issues over the next three days. I am confident that these discussions will help accelerate Bharat’s growth.

Friends,

This Conclave is being held at a time when two major regions of the world are in a state of war. These regions are crucial for the global economy, especially in terms of energy security. Amidst such significant global uncertainty, we are gathered here to discuss ‘The Indian Era.’ This shows that trust in Bharat today is unique... It demonstrates that Bharat’s self-confidence is exceptional.

Friends,

Today, Bharat is the fastest-growing major economy in the world. Bharat is currently the fifth largest economy in terms of GDP. We are number one in terms of global fintech adoption rates. Today, we are number one in smartphone data consumption. We are the second largest internet user base globally. Nearly half of the world’s real-time digital transactions are taking place in Bharat today. Bharat now has the world’s third-largest start-up ecosystem. In terms of renewable energy capacity, Bharat is ranked fourth. When it comes to manufacturing, Bharat is the second-largest mobile phone manufacturer. Bharat is also the largest producer of two-wheelers and tractors. And not just that, Bharat is the world's youngest country. Bharat has the third-largest pool of scientists and technicians globally. Whether it’s science, technology, or innovation, Bharat is clearly in a sweet spot.

Friends,

By following the mantra of ‘Reform, Perform, and Transform,’ we are continuously making decisions to drive the nation forward at a rapid pace. This is the impact that has led the people of Bharat to elect the same government for the third consecutive time after 60 years. When people’s lives change, they gain confidence that the country is moving on the right track. This sentiment is reflected in the mandate of the Indian public. The trust of 140 crore citizens is a great asset for this government.

Our commitment is to continue making structural reforms to make Bharat a developed nation. You can see this commitment in the work we have done in the first three months of our third term. Bold policy changes, a strong commitment to jobs and skills, a focus on sustainable growth and innovation, modern infrastructure, quality of life, and the continuity of rapid growth are reflected in the policies of our first three months. During this period, decisions amounting to over 15 trillion rupees i.e. 15 lakh crore rupees have been made. In these three months alone, work on numerous mega infrastructure projects has begun in Bharat. We have also decided to create 12 industrial nodes across the country. Additionally, we have approved the construction of 3 crore new houses.

Friends,

Another notable factor in Bharat’s growth story is its inclusive spirit. It was once believed that with growth comes inequality. But the opposite is happening in Bharat. Along with growth, inclusion is also taking place in Bharat. As a result, 250 million i.e. 25 crore people have been lifted out of poverty in the last 10 years. Along with Bharat’s rapid progress, we are ensuring that inequality is reduced and that the benefits of development reach everyone.

Friends,

The confidence in Bharat’s growth predictions also shows the direction we are heading in. You can see this in the data from recent weeks and months. Last year, our economy performed better than any prediction. Whether it’s the World Bank, the IMF, or Moody’s, all have upgraded their forecasts for Bharat. All these institutions are saying that despite global uncertainty, Bharat will continue to grow at a 7+ rate. We Indians are confident that we will perform even better than that.

Friends,

There are solid reasons behind this confidence in Bharat. Be it manufacturing or the service sector, the world today sees Bharat as a preferred destination for investment. This is not a coincidence but a result of major reforms over the past 10 years. These reforms have transformed Bharat’s macroeconomic fundamentals. One example is Bharat’s banking reforms which have not only strengthened the financial conditions of banks but also increased their lending capacity. Similarly, the GST has integrated various central and state indirect taxes. The Insolvency and Bankruptcy Code (IBC) has developed a new credit culture of responsibility, recovery, and resolution. Bharat has opened sectors such as mining, defence, and space for private players and our young entrepreneurs. We have liberalized the FDI policy to create more and more opportunities for investors around the world. We are focusing on modern infrastructure to reduce logistics costs and time. Over the past decade, we have significantly scaled up investments in infrastructure.

Friends,

India has integrated process reforms into the government’s ongoing initiatives. We have eliminated over 40,000 compliances and decriminalised the Companies Act. Numerous provisions that previously made business operations difficult have been amended. The National Single Window System has been introduced to simplify the processes of starting, closing, and obtaining clearances for companies. Now, we are encouraging state governments to accelerate process reforms at the state level.

Friends,

To boost manufacturing in Bharat, we have introduced Production Linked Incentives (PLI), the impact of which is now visible across many sectors. Over the past three years, PLI has attracted investments of approximately ₹1.25 trillion (₹1.25 lakh crore). This has resulted in the production and sales amounting to about ₹11 trillion (₹11 lakh crore). Bharat's progress in the space and defence sectors is also remarkable. These sectors have only recently been opened up, yet more than 200 start-ups have already emerged in the space sector. Today, our private defence companies account for 20 percent of the country’s total defence manufacturing.

Friends,

The growth of the electronics sector is even more remarkable. Just 10 years ago, Bharat was a major importer of most mobile phones. Today, over 330 million or more than 33 crore mobile phones are manufactured in Bharat. In fact, no matter which sector you look at, there are exceptional opportunities for investors in Bharat to invest and earn high returns.

Friends,

Bharat is now also focusing on critical technologies such as AI and semiconductors, and we are investing significantly in these areas. Our AI mission will enhance both research and skills development in the AI field. Under the India Semiconductor Mission, investments totalling ₹1.5 trillion (₹1.5 lakh crore) are being made. Soon, five semiconductor plants in Bharat will begin delivering 'Made in India' chips to every corner of the world.

Friends,

You are all aware that Bharat is the leading source of affordable intellectual power. A testament to this is the presence of more than 1,700 global capability centres of companies from around the world operating in India today. These centres employ over two million i.e. 20 lakh Indian youth, who are providing highly skilled services to the world. Today, Bharat is placing an unprecedented focus on maximising this demographic dividend. To achieve this, special attention is being devoted to education, innovation, skills, and research. We have introduced a significant reform in this area with the implementation of the New National Education Policy. In the past 10 years, a new university has been established every week, and two new colleges have been opened each day. During this period, the number of medical colleges in our country has doubled.

And friends,

We are focusing not only on expanding access to education but also on improving its quality. As a result, the number of Indian institutions in the QS World University Rankings has more than tripled over the past decade. In this year's budget, we announced a special package for skilling and interning millions of young people. Under the PM Internship Scheme, 111 companies registered on the portal on the very first day. Through this scheme, we are supporting 1 crore youth with internships at major companies.

Friends,

Bharat's research output and patent filings have also seen rapid growth in the past 10 years. In less than a decade, Bharat has risen from 81st to 39th in the Global Innovation Index rankings, and we aim to advance further. To bolster its research ecosystem, India has also created a research fund worth ₹1 trillion.

Friends,

Today, the world has high expectations from Bharat regarding a green future and green jobs, and there are equally significant opportunities for you in this sector. You all followed the G20 Summit held under Bharat's presidency. One of the many successes of this summit was the renewed enthusiasm for the green transition. During the G20 Summit, the Global Biofuel Alliance was launched at Bharat's initiative, and G20 member countries strongly supported Bharat's development of green hydrogen energy. In Bharat, we have set a target to produce 5 million tonnes of Green Hydrogen by the end of this decade. We are also advancing solar power production at the micro level.

The Government of India has launched the PM Surya Ghar Free Electricity Scheme, a large-scale Rooftop Solar Scheme. We are providing funding to every household for setting up rooftop solar systems and assisting with solar infrastructure installation. So far, more than 13 million i.e. 1 crore 30 lakh families have registered for this scheme, meaning these households have become solar power producers. This initiative will save an average of ₹25,000 per family. For every three kilowatts of solar power generated, 50-60 tonnes of carbon dioxide emissions will be prevented. This scheme will create approximately 1.7 million (17 lakh) jobs, producing a vast workforce of skilled youth. Therefore, numerous new investment opportunities are emerging for you in this sector as well.

Friends,

The Indian economy is currently undergoing a significant transformation. With strong economic fundamentals, India is on a path of sustained high growth. Today, Bharat is not only striving to reach the top but is also making concerted efforts to stay there. The world today offers immense opportunities across every sector. I am confident that your discussions will provide many valuable insights in the days to come.

I am confident that in the coming days, many valuable insights will emerge from your discussions. I extend my best wishes for this endeavour, and I assure you that this is not merely a debating forum for us. The discussions that take place here, the points raised, the do's and don'ts—those that prove beneficial—are diligently integrated into our governmental system. We incorporate them into our policies and governance. The wisdom you contribute during this churning process is what we utilise to shape a brighter future for our country. Your participation is, therefore, of immense importance to us. Every word you offer holds value for us. Your thoughts, your experience—they are our assets. Once again, I thank you all for your contribution. I also congratulate N. K. Singh and his entire team for their commendable efforts.

With warmest regards and best wishes.

Thank you!