During his address at the Rising Rajasthan Summit on December 9, 2024, Prime Minister Narendra Modi reiterated India’s remarkable growth trajectory, underpinned by the “Reform, Perform, Transform” mantra that has guided the nation’s economic policies over the past decade. He celebrated India’s rise from being the 10th largest economy to becoming the 5th largest economy globally, highlighting the country’s substantial progress in multiple sectors.

India’s Economic Resilience:

PM Modi noted that India’s exports had nearly doubled over the past decade, a testament to the nation’s growing influence on the global economic stage. One of his key points was the importance of building a robust manufacturing base to ensure the country’s economic resilience, particularly in times of crisis. He emphasized that India’s democratic values, coupled with its strong economic growth, had contributed to the nation’s increasing global appeal, attracting both international experts and investors keen on capitalizing on the country’s bright future.

Modi’s speech also focused on the broad economic reforms that have propelled India’s growth. He stressed that the ongoing structural reforms across various sectors have not only contributed to the country’s domestic growth but have also positioned India as a leading economy with significant influence in international trade and investment flows.

Rajasthan’s Role in India’s Economic Growth:

PM Modi also dedicated a significant portion of his address to Rajasthan, where he praised the state’s progress under Chief Minister Bhajan Lal Sharma. The Prime Minister acknowledged the responsive governance of Rajasthan, noting the swift infrastructure development in areas like roads, electricity, and connectivity, which has significantly boosted the state’s appeal as an investment destination.

He highlighted Rajasthan’s vast natural resources, its young and skilled workforce, and its growing modern infrastructure as key drivers of the state’s economic transformation. Additionally, Modi pointed to Rajasthan’s strengths in diverse sectors, such as hospitality and handicrafts, which are key to unlocking the state’s economic potential and positioning it as a rising investment hub.

Governance and Investor Confidence:

One of the most significant takeaways from PM Modi’s speech was his focus on Rajasthan’s efforts to control crime and corruption, factors that have led to greater investor confidence. With improved governance and better law enforcement, the state has created an environment conducive to business and economic growth. These efforts have not only enhanced public safety but have also provided investors with the confidence needed to invest and expand their operations in Rajasthan.

Rising Connectivity and Infrastructure:

As PM Modi noted, Rajasthan’s growing connectivity—a key factor driving its economic progress—has played a crucial role in the state’s increasing attractiveness to investors. The state’s well-developed infrastructure, including roads, airports, and utilities, has paved the way for economic growth across various sectors. Rajasthan’s unique advantages—combined with the state’s commitment to improving its business climate and infrastructure—position it as an emerging leader in India’s overall economic development.

In conclusion, Prime Minister Narendra Modi’s speech at the Rising Rajasthan Summit underscored the success of India’s economic growth through the Reform, Perform, Transform approach, with special attention given to Rajasthan’s significant progress. The state’s responsive governance, modern infrastructure, and growing investor confidence are contributing to its growing role in India’s economic rise, making it a key player in the country’s overall transformation.

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