Modi unveils development initiatives and confidence for 2024
ECONOMY & POLICY

Modi unveils development initiatives and confidence for 2024

During his 90-minute Independence Day address from the Red Fort in New Delhi, Prime Minister Narendra Modi expressed confidence in returning to power in 2024 while unveiling a series of development initiatives. The measures include the ₹150 billion Vishwakarma Yojana for skilled workers in traditional crafts, an urban housing plan offering interest rate relief for the poor, and a scheme with women self-help groups to create 20 million 'Lakhpati Didis in villages. Modi also announced an increased target of 25,000 Jan Aushadhi Kendras for affordable generic medicines.

In the lead-up to the upcoming general elections, Modi urged citizens to combat corruption, dynastic politics, and appeasement. He acknowledged the violent ethnic clashes between Meities and Kukis in Manipur, stressing the importance of peace in resolving such issues.

The Prime Minister disclosed plans to support skilled individuals in traditional crafts through the Vishwakarma Yojana, focusing on the Other Backward Class (OBC) community. He emphasized that weavers, goldsmiths, blacksmiths, and similar professions will benefit from this scheme, with an initial allocation of ₹130-150 billion.

Highlighting India's rising global stature, Modi emphasized the country's enhanced standing and the potential to shape the evolving global order post-COVID-19. He underscored India's role as a voice for the Global South and its positive impact on the global economy and supply chain.

Modi's speech drew criticism from opposition parties. The Congress party spokesperson, Pawan Khera, questioned the Prime Minister's stance on corruption and dynastic politics, given his political alliances.

In terms of inflation, Modi acknowledged efforts to control it but cautioned against complacency, especially in the face of a 15-month high retail inflation rate of 7.44% in July.

Modi's address conveyed his ambition to elevate India's global position, with a vision for the nation to achieve developed status by 2047. He emphasized the importance of a strong national character for India's journey towards prosperity and stability in the global scenario.

During his 90-minute Independence Day address from the Red Fort in New Delhi, Prime Minister Narendra Modi expressed confidence in returning to power in 2024 while unveiling a series of development initiatives. The measures include the ₹150 billion Vishwakarma Yojana for skilled workers in traditional crafts, an urban housing plan offering interest rate relief for the poor, and a scheme with women self-help groups to create 20 million 'Lakhpati Didis in villages. Modi also announced an increased target of 25,000 Jan Aushadhi Kendras for affordable generic medicines. In the lead-up to the upcoming general elections, Modi urged citizens to combat corruption, dynastic politics, and appeasement. He acknowledged the violent ethnic clashes between Meities and Kukis in Manipur, stressing the importance of peace in resolving such issues. The Prime Minister disclosed plans to support skilled individuals in traditional crafts through the Vishwakarma Yojana, focusing on the Other Backward Class (OBC) community. He emphasized that weavers, goldsmiths, blacksmiths, and similar professions will benefit from this scheme, with an initial allocation of ₹130-150 billion. Highlighting India's rising global stature, Modi emphasized the country's enhanced standing and the potential to shape the evolving global order post-COVID-19. He underscored India's role as a voice for the Global South and its positive impact on the global economy and supply chain. Modi's speech drew criticism from opposition parties. The Congress party spokesperson, Pawan Khera, questioned the Prime Minister's stance on corruption and dynastic politics, given his political alliances. In terms of inflation, Modi acknowledged efforts to control it but cautioned against complacency, especially in the face of a 15-month high retail inflation rate of 7.44% in July. Modi's address conveyed his ambition to elevate India's global position, with a vision for the nation to achieve developed status by 2047. He emphasized the importance of a strong national character for India's journey towards prosperity and stability in the global scenario.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code