Prime Minister Narendra Modi, on Monday, set an ambitious goal of making India a developed country by 2047, and directed a new step to reduce dependence on imports and boost domestic manufacturing. Addressing the nation from the ramparts of the Red Fort on Independence Day 76, Modi coined the word “Punch Pran” or the lifeline that comes to the nation when it celebrates its 100th anniversary of independence in 2047.
The first is to make India a developed country.
“For the next 25 years, we need to focus on ‘Punch Bran.’ The first is to make India a developed country,” he said.
India, which is the sixth largest economy in the world with a GDP of 2.7 trillion US dollars, is currently classified as a developing country.
A developed country is usually characterized by a relatively high level of economic growth, general standard of living, higher per capita income as well as good performance in the Human Development Index (HDI) which includes education, literacy and health.
India was classified as a “Third World” country at the time of independence from British rule in 1947. But over the past seven decades, the GDP has grown from just Rs 2.7 crore to Rs 150 crore.
The nation has weathered many crises to become among the largest economies in the world and the fastest growing major economy on the planet.
In his speech, the prime minister entrenched a nation that is self-sufficient in not only manufacturing everything it needs but also in the field of energy.
While the country is addressing energy security by increasing focus on renewables, biofuels and hydrogen, it is boosting local manufacturing through schemes like PLI that provide Rs 1 crore incentives to local production units.
“Through PLI schemes, we have become the manufacturing powerhouse in the world. People come to India to make products in India,” he said.
India imports 85 percent of its oil and half of its natural gas. He said that these imports are being sought to reduce by mixing ethanol extracted from sugar cane and other agricultural commodities as well as hydrogen production.
“There are many job opportunities that have been opened with the creation of green jobs,” he said, referring to job creation by the clean energy sector.
Also, the rapid technological advancement in digital India has helped.
He said that the movement of Digital India with the production of semiconductors, 5G networks and optical fiber networks has shown impressive results in education, healthcare and changes in the lives of ordinary people. “Thekkady India is here! With 5G and the manufacturing of semiconductors and OFCs in villages, we are bringing a revolution through Digital India to the grassroots level.”
He said the success of Digital India and the startups is clearly visible in the Tier 2 and Tier 3 cities, adding that the country has made rapid progress in electronic goods and mobile manufacturing.
He said that in the past eight years, direct transfer of support and other benefits to actual users through Aadhaar and mobile checked the theft of Rs 2 crore.
“Industrial growth in India will come from the grass roots. Micro, small and medium enterprises, street vendors and workers in the unregulated sectors must be strengthened,” he said.
From the aerospace sector to drone manufacturing to natural agriculture, India is seeing rapid progress in every sector, he said, adding that even children are now saying no to imported toys.
He said, “When a 5-year-old says ‘no videshi,’ Atma Nirbar Bharat runs in his veins.”
The Prime Minister said that natural agriculture will give new strength to India.
From renewable energy to increasing medical education infrastructure, India has improved on all fronts. “From the aerospace sector to drone manufacturing to natural agriculture, India is rapidly advancing in every sector,” he said.