JAIPUR: Prime Minister Narendra Modi said here on Monday that democracy in India was prospering well and our youth, as a defining factor in the power of demography, digital data, and delivery, had assured its ustenance for many years to come.
Addressing the inaugural session of the Rising Rajasthan Global Investors Summit 2024 here, Modi said, “The all-round success of India in recent years has revealed the power of democracy, demography, digital data and delivery.”
Emphasising the importance of technology and data in every sector in today’s world, Modi said, “This century is tech-driven and data-driven”. He noted that in the last decade, the number of internet users in India has increased by almost four times. New records were being made in digital transactions. Hence, sustenance of the march to development in all arenas, including the economy, is assured for long years, he observed.
That is why the business world, experts and investors worldwide, are excited about the prospects in India, he felt, adding that business experts and investors were buoyed by the business climate in India.
He said that the progress witnessed here with the mantra of ‘Reform, Perform, and Transform’, is visible in every field. For instance, India was able to rise to the 11th largest economy in the world after seven decades of Independence, but in just the last decade, the country has risen to the 5th largest economy in the world.
“India’s economy and exports have nearly doubled in the last 10 years,” he pointed out.
Even the Foreign Direct Investment (FDI) increased more than two times in the last decade in comparison with the decade before 2014. The infrastructure expenditure of India has increased to Rs 11 Trillion from nearly Rs 2 trillion, he added.
“India has also demonstrated how the democratisation of digital technology is benefiting every sector and community,” Modi said. Citing various digital initiatives of India like the UPI, Direct Benefit Transfer System, Government e-Marketplace (GeM), Open Network for Digital Commerce (ONDVC), he added that there were many such platforms that showcased the power of the digital ecosystem.
He added that their huge impact would be evident in Rajasthan as well. “My firm belief is that development of the country was through the development of the state and when Rajasthan reaches new heights of progress, the country will also reach new heights.
Highlighting that Rajasthan was not just a rising state, but also is a reliable one, the prime minister said it was receptive and knew how to refine itself with time. Praising Bhajan Lal Sharma-led BJP government in the state, the PM said a responsive and reformist government elected by the people of Rajasthan was the new aspect added to the R-Factor of Rajasthan.
He lauded the chief minister and his entire team saying they done a great job in a short span of time and commended the chief minister for= his efficiency and commitment to rapid development of the state in various fields like welfare of the poor and farmers, creation of new opportunities for the youth, strengthening road, electricity connectivity, waterworks.
The PM also emphasised the huge potential of tourism in India’s prosperous future, the Prime Minister stressed that there were immense possibilities for nature, culture, adventure, conferences, destination weddings, and heritage tourism in India.
He added that Rajasthan was a major centre on India’s tourism map and it had history, heritage, vast deserts, and beautiful lakes with diverse music and cuisine which would suffice the needs of the Tour, Travel, and Hospitality Sector.
Modi said the government of India had also started schemes related to different theme circuits and noted that around 5 crore foreign tourists came to India between 2004 and 2014, whereas more than 7 crore foreign tourists have come to India between 2014 and 2024 despite the Covid affected period for three to four years.