India is getting multi-trillion dollar investments and its growth will guide the global economy, said Prime Minister Narendra Modi in his Independence Day speech on Wednesday.
“From being seen as among the fragile five, India is now the land of reform, perform and transform. We are poised for record economic growth,” he said at the Red Fort, listing his government’s achievements and plans in his annual customary speech.
“The world earlier viewed India as a country hit by policy paralysis, delayed reforms, now it sees it as a multi-trillion dollar investment destination,” he said.
Modi began his speech from the Red Fort by talking about how his government had been working for the upliftment of Dalits and backward sections.
He said the government, at the recently concluded monsoon session of parliament, gave constitutional status to the OBC and SC-ST Commission to protect the rights of the underprivileged.
“The session was devoted to social justice. The session witnessed the passage of the bill to create an OBC Commission. Dalits, women and other weaker sections of the society have been empowered,” he said.
India’s economy grew 7.7 percent year-on-year in January-March, its quickest pace in nearly two years driven by higher growth in manufacturing, the farm sector and construction, reports Hindustan Times.