India is fast developing, says Modi

On Sunday, Prime Minister Narendra Modi made a statement claiming that India is the fastest developing country among all the “larger economies of the...

India is fast developing, says Modi

The Official Photograph of the Prime Minister, Shri Narendra Modi (High Resolution).

On Sunday, Prime Minister Narendra Modi made a statement claiming that India is the fastest developing country among all the “larger economies of the world”.

"When most of the world powers are in doldrums, everyone is looking up to us who are developing at the fastest pace. India is the fastest growing among the larger economies," said Modi on Sunday.

Speaking to the press, Modi claimed that India is the economy that has so far not been affected by the global economic crisis that has hot hard on the world. .

He was addressing the Swami Dayanand Saraswati Janmotsav, an event to mark the 192nd birth anniversary of Hindu reformer and Arya Samaj founder Swami Dayanand Saraswati in the capital.

The event was organised by the DAV group of educational institutions. The event 'Naya Sankalp' marked the 130
foundation ceremony of the Arya Samaj Hindu reform movement.

"Everyone is saying this... the World Bank, the IMF... The world is going through an economic crisis, but it is India alone that is progressing at a rapid pace. This is a unique situation when the whole world is slipping and India is growing," Modi said.

At the same time, he asserted that calling India the "youngest nation in the world” can be used for the nation's development.

"The government's focus is on how to convert the power of the youth which can be used for development of the nation. Therefore, we not only launched a skill development programme for the youth but also created a new ministry, with its own budget and a set of officers to take the programme forward," the prime minister said.

Addressing the media, the PM said that by 2030, the India’s work force would remain young, while the population of many countries would grow old. India can power these nations with skilled and technically qualified manpower.

The prime minister also said that the central government's policies and programmes, such as Skill India, Start up India, Stand up India, Digital India and Mudra scheme of loans, have contributed immensely to the development of the country.

"For the youngsters, we initiated start up India, Stand up India campaign. So that if someone has an innovative idea, he can take a loan under Mudra scheme and set up his own business. Our people from backward classes, Scheduled Caste and Scheduled Tribe are among those who benefitted the most from these government schemes," Modi said.

"Our government does not believe in show off. We believe in delivering results. We have already disbursed over Rs.1 lakh crore under Mudra scheme and over two crore families have been benefitted from it," he added.

The prime minister noted that the DAV College Management Committee had offered to support his Clean Ganga initiative. Welcoming this, Modi said that this was an initiative that could only succeed through people's involvement.