New Delhi: Prime Minister Narendra Modi The private sector will play a decisive role in driving India’s next phase of economic transformation, he said on Sunday, stressing reforms, digital growth and defense modernization while harshly criticizing the record of the previous UPA government. He said bold investments by the industry in innovation and capacity will be key to realizing the Viksit Bharat vision.In an exclusive interview with the Press Trust of India news agency, Modi said reforms have been a core commitment of his government “in letter and spirit”, claiming that policy continuity and decisive governance had driven massive progress.ALSO READ | What are India’s three major reform priorities in the next ten years? This is what Prime Minister Modi said
Here are the most important quotes from the interview
- “The private sector will be critical to the next phase of economic transformation, requiring a ‘decisive response’ from them. As productivity increases, private sector owners must share the gains equitably with workers.”
- “Viksit Bharat’s next leap forward will depend on bold investments by the private sector in innovation, long-term capabilities and global competitiveness.”
- “The private sector must focus less on protecting profits and actively invest in R&D supply chains and quality.”
- “Our free trade agreement aims to expand market access for MSMEs in textiles, leather, chemicals, handicrafts, gemstones and other sectors.”
- “Data centers will create massive employment opportunities for our youth; we invite the world’s data to reside in India.”
- “India has become a world leader in digitalization by fundamentally changing the way people transact through the UPI platform.”
- “India is laying the foundation for a thriving AI ecosystem by expanding computing power and data center infrastructure capacity.”
- “India is witnessing the most extensive infrastructure build-out in its history, built with future readiness in mind.”
- “The government has a responsibility to modernize the defense sector in line with current realities.”
- “The government will make every effort to support and strengthen the country’s defense capabilities.”
- “Political stability and political predictability have restored investor confidence in India.”
- “During the UPA rule, talks would start and then break down; despite lengthy negotiations, some real substantive results were achieved,”
- “I want to make it clear that women’s welfare guides every decision taken by our government. I firmly believe that women will play the most important role in creating Viksit Bharat.”
