Summary:

In a post-budget meeting with business executives, Prime Minister Narendra Modi expressed optimism that India will celebrate its 100th anniversary as a developed country. He praised India’s tremendous economic progress and achievements over the last decade, stating, “When India celebrates 100 years of independence, we will do so as a developed country.” Modi emphasized the country's transformational path, predicting that India will soon become the world's third-largest economy. He highlighted India's economic discipline during the Covid-19 pandemic, contrasting it with global challenges like rising inflation and slow economic growth.

PM Modi underscored India’s 16% contribution to global growth, achieved despite obstacles such as Covid-19, wars, and natural calamities. He suggested that growth might have been higher without these setbacks and referenced discussions with industry leaders about revitalizing growth during the pandemic. Modi reiterated that India is on track for substantial progress and would have advanced more quickly without these issues. He also noted the introduction of an internship scheme in the Union Budget 2024 aimed at upskilling youth and urged industry leaders to help create additional job opportunities across sectors.

Source: IBEF 

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