Prime Minister 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.
Modi 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.
PM Modi also talked about the process of electrification of India’s 18,000 unelectrified villages, and said the progress towards this end can be seen by everyone using the Grameen Vidyutikaran App.