Amid global instability, India’s rapid growth only certainty: PM Modi

GUWAHATI: India's rapid growth is the only certainty in an environment of global instability, PM Modi told captains of industry at the inauguration of 'Advantage Assam 2.0' investment and infrastructure summit in Guwahati Tuesday.
"There is a solid reason behind this. The Bharat of today is taking one step after another and working at scale, keeping in mind a long-term vision for the next 25 years," Modi said in front of an audience that included industrialists Mukesh Ambani, Gautam Adani, Sajjan Jindal and Anil Agarwal, and Tata chairman Natarajan Chandrasekaran.
The PM said world's view of India's place in the sun stemmed from the strength of its skilled and innovation-savvy young population, the country's emerging, aspirational middle class, & a 1.4 billion-strong citizenry that supports political stability, policy continuity and the current govt's focus on reforms. "Whether it is policies for start-ups, production-linked incentive schemes for manufacturing, or tax exemptions for manufacturing companies and MSMEs, we have formulated excellent policies for all. The govt is also making massive investments in infrastructure. This combination of institutional reforms, industry, infrastructure and innovation is the foundation of Bharat's progress. That is why investors are recognising Bharat's potential," Modi said.
He said in 21st century, world's progress depends on digital revolution, innovation, and technological advancements - attributes India was working to inculcate.

"The better we prepare for this, the stronger we will be on the global stage. That's why our govt is moving forward at full speed with 21st-century policies and strategies. We all know Bharat has made a huge leap in electronics and mobile manufacturing over the past 10 years. Now, Bharat also aims to replicate this success story in semiconductor production."
According to the PM, the electronics sector was expected to be worth $500 billion (Rs 41,07,500 crore) by the end of this decade. "Given our speed and scale, it is certain that Bharat will emerge as a global powerhouse in semiconductor production."
Referring to Assam's economic potential, Modi urged industry leaders to partner with the state in its development journey.