New Delhi: In a visionary statement, Prime Minister Narendra Modi declared on Friday that India is poised for significant progress, projecting to become the world’s third-largest economy during the third term of his government. With general elections looming in April-May this year, Modi outlined a bold vision for India’s economic ascent.
Speaking at the Bharat Mobility Global Expo, the Prime Minister unveiled plans for the construction of 1,000 modern rest houses along national highways in Phase-1, catering specifically to truck and taxi drivers. This initiative aims to enhance the welfare of those vital to the transportation sector.
“India is certain to become the third largest economy in the world in the third term of our government,” asserted Modi, highlighting the nation’s rapid trajectory toward economic prominence.
Additionally, Modi underscored the transformative growth in the automotive sector, noting that over 21 crore vehicles have been sold since 2014, surpassing the 12 crore vehicles sold in the decade preceding 2014. The surge extends to electric vehicles, with 12 lakh units sold compared to a mere 2,000 a decade ago, reflecting a 60% growth in passenger vehicles over the last 10 years.
Addressing the strides in infrastructure, Modi showcased India’s prowess in overcoming geographical challenges. “From Atal Tunnel to Atal Setu, India’s infrastructural development is creating new records,” he affirmed. The country has witnessed the construction of 75 new airports and the building of approximately 4 lakh rural roads in the past decade.
In a call to action, Modi urged the industry to prioritize research and development (R&D) for manufacturing batteries using locally available raw materials, emphasizing self-sufficiency in this critical domain.
