Prime Minister Narendra Modi has articulated a bold vision for India’s economic future, vowing to propel the nation into the echelons of the world’s top three economies. During his address at the 20th anniversary celebrations of the Vibrant Gujarat Global Summit (VGGS) in Ahmedabad, PM Modi underscored India’s trajectory towards becoming a formidable global economic powerhouse.
India’s Economic Ascent: PM Modi underscored the remarkable achievements of the VGGS in propelling Gujarat as the growth engine of India. He proudly asserted that India currently holds the distinction of being the world’s fastest-growing economy, poised for a transformative journey to emerge as one of the world’s foremost economic giants. With unwavering confidence, PM Modi guaranteed India’s imminent status as a top-three global economy.
Gujarat’s Staggering Growth: PM Modi presented a compelling narrative of Gujarat’s economic evolution over the past two decades. Notable highlights included a nine-fold surge in investments within the automobile sector, a staggering 12-fold growth in manufacturing output, and Gujarat’s global eminence in sectors spanning chemicals, food processing, and diamond exports.
Seizing Future Opportunities: Championing a forward-looking perspective, PM Modi implored industrialists to identify nascent sectors capable of birthing fresh opportunities for India. He placed a premium on VGGS’s role in bolstering the startup ecosystem and fortifying Gujarat’s Gift City, a pivotal player in the finance and technology sectors.
VGGS’s Remarkable Growth: PM Modi celebrated the exponential expansion of VGGS throughout the years. From its maiden edition in 2003, which attracted only a handful of countries, VGGS has burgeoned into a globally recognized event boasting participation from over 130 nations and 2,000 exhibitors.
Vision for VGGS 2024: Looking ahead, PM Modi underscored the pivotal role VGGS is set to play in the next two decades. He stressed the urgency of rendering VGGS an instrument for transforming India into a developed nation, aligning with the aspiration of achieving an “Aatmanirbhar Bharat” by 2047, India’s 100th Independence Day.
Acknowledgment of VGGS’s Success: PM Modi lauded VGGS’s phenomenal success in spotlighting Gujarat’s talents, culture, and investment allure on the global stage. He attributed this achievement to the government’s decisive policymaking and focused approach.
Transforming Gujarat’s Economy: Reflecting on Gujarat’s past challenges, including the 2001 earthquake and economic crises, PM Modi extolled VGGS’s pivotal role in metamorphosing the state’s economy. He also took the opportunity to criticize the previous Congress regime for not lending support to Gujarat’s initiatives.
Conclusion: PM Modi’s address at VGGS illuminated India’s soaring economic trajectory and Gujarat’s pivotal role in spearheading the nation’s development. Fueled by optimism, PM Modi exhorted industrialists to grasp emerging opportunities and emphasized VGGS’s significance in presenting India’s potential to the world. He underscored the imperative of continued progress in the years ahead, charting a path towards India’s ascent among the world’s economic elites.
