Prime Minister Narendra Modi, addressing the nation from the Red Fort on the 80th Independence Day on Saturday, said India had moved from being counted among the world’s “Fragile Five” economies to becoming a major economy over the past 12 years.
Modi said India had carried big aspirations since Independence in 1947, but its progress had often not matched the pace it desired.
“India has transformed from ‘Fragile Five’ to the world’s fastest-growing major economy in the last 12 years,” PM Modi said. The Prime Minister said India’s transformation had been driven by the efforts of its people. The IMF said India had recorded the sharpest macroeconomic turnaround among emerging economies.
He said India was now advancing with unprecedented speed and confidence and that the resolve of 140 crore Indians could not be stopped. Highlighting his government’s achievements over the past 12 years, Modi said defence production had increased four times, electronic manufacturing seven times and modern railway coach production 21 times.
Earlier reporting noted: Fragile 5 no more, eyes on 100 GW nuclear energy target: Key numbers by PM Modi from Red Fort Prime Minister Narendra Modi, addressing the nation from the ramparts of the Red Fort on the occasion of the 80th Independence Day, said on Saturday that the world had placed India among the “fragile five” economies and that people’s efforts had helped the country move from the “fragile five” to a major economy over the past 12 years. Earlier reporting noted: He also said that the national song Vande Mataram, which was rendered for the first time during Independence Day celebrations, is resonating in every heart. Earlier reporting noted: Prime Minister Narendra Modi addressed the nation from the ramparts of Red Fort on 80th Independence Day on Saturday and paid tributes to freedom fighters.
