The last nine years have seen decisive policies, political stability, democracy, and teamwork in the federal structure, which has led the country out of the “policy paralysis” of 2004 to 2014, Union Home Minister Amit Shah said on Friday.
Speaking at the 118th Annual Session of the Chamber of Commerce and Industry, he said that the period of 2004 to 2014 “shook the country” and was the “last period” of political instability.
Shah said that the last nine years have been those of political stability and decisive policy-making, which has resulted in the country’s economy growing from USD 2.03 trillion to USD 3.75 trillion, which is almost double. Per capita income has also grown from Rs 68,000 in 2013-14 to Rs 1.80 lakh.
He said that Prime Minister Narendra Modi has tried to change India in every field in the last nine years and has also been successful.
After successfully organizing the G20 Summit, a new energy has been infused not only in trade and industries but also in every sector of the country and all people are experiencing a new momentum, the Union home minister said.
He said that trade and industries are the center of the country’s economy, from where it gets energy.
“Due to the changes brought about by policies, today ‘India’s Moment’ is talked about everywhere and India is known as a vibrant spot all over the world,” he said.
Shah said that whenever a company wants to shift base around the world, India emerges as the bright spot to relocate.
“Our country is the youngest and we also have the largest number of engineers, doctors, and technocrats. There is democracy here, there is teamwork, and the policy formulation is also clear under the leadership of Modi ji. Therefore, now no one can stop India from establishing itself at the first place in every field in the Amrit Kaal,” he said.
The Union home minister said that the Production Linked Incentive Scheme has fulfilled the dream of Make in India in 14 sectors within the country. “This is the right time. The next 25 years are extremely important for India’s trade and industries. Indian industries will have to move towards changing both their size and scale,” he said.
Shah said that the need of the hour is that Indian companies become multi-national.
“The network of small industries along with big industries will have to be strengthened and PHDCCI will have to come forward strongly to provide guidance and infrastructure in this,” he said.
Shah said that because of the new education policy brought by the Modi government, India is going to become the best destination in the world for students in the next 10 years.
