Ashwini Vaishnaw outlined PM Modi’s ambitious target of 2047, and identified three key components essential for India to become 'Viksit Bharat', said that India is currently nearing a four trillion economy
Union Minister of Railways Ashwini Vaishnaw. File Pic
Union Minister of Railways Ashwini Vaishnaw on Tuesday said that Prime Minister Narendra Modi in his third term has set a target which will be achieved by working three times harder. He added that India needs to attain the status of a developed nation, reported news agency ANI.
ADVERTISEMENT
While addressing the Indian Foundation for Quality Management (IFQM) Symposium on Technology, Vaishnaw said, "PM Modi has set a target, and this time, you have to work three times harder, three times more, and, three times more effort has to be put in compared to whatever has been done during his first and second tenure.”
The Railways Minister further said, “There is a change in mindset which gives us hope and confidence that by 2047, we can become a developed nation,” at the IFQM Symposium on Technology.
Vaishnaw outlined PM Modi’s ambitious target of 2047 and identified three key components essential for India to attain developed nation status.
"Three major elements first is a very inclusive and harmonious society. The second big element of being a Viksit Bharat is to have the social physical and digital infra in place. The third is getting to the parameters, which are the measurable parameters, $18,000 per capita income, 30 trillion nominal GDP by 2047," said the Railways Minister.
Vaishnaw noted that India is currently nearing a four trillion economy, while highlighting the roadmap that needs to be followed, "Today, we are just shy of 4 trillion nominal, just shy of four $3,000 nominal per capita. It means we have a path where we need to grow about 6 times, 11 times in the next 25 years.,” he said.
He expressed confidence that such growth is achievable, taking historical examples from other nations, “Growth at that pace has been achieved by many nations in the past. It's something which has been done, which has been demonstrated, which is possible, which is doable. It needs a very strong foundation, a very carefully thought-through strategy, meticulous execution and a link process of development, which is beyond the cycle of elections,” the Minister said.
“That is what we are attempting. That is what our Prime Minister Modi ji has been continuously focusing on for the last 10 years, he has precisely done this. If you look at the thought process behind this, the thought process comprises four pillars," he added at the IFQM Symposium on Technology.
The Union Minister outlined another roadmap consisting of three foundational pillars, he stated that the first pillar is investment in social, digital and physical infrastructure.
Adding to that he said, "There are many examples. We have seen the rapid rollout of 5g digital infrastructure. We have seen the creation of UPI, the creation of digital credit, the creation of platforms like National Health, and the logistics platform. These are all platforms that have taken technology to the last mile. That's digital infrastructure, physical multiple examples are there. Many have spoken in the past almost 58,000-54,000 kilometres of road length added in the last 10 years. 31,000 kilometres of railway tracks added in the last 10 years.”
Continuing, Vaishnaw said, “The second big pillar is inclusive growth. The third pillar is about manufacturing and innovation," at the IFQM Symposium on Technology on Tuesday.
(With inputs from ANI)
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
