President Kovind's address reflects collective vision of 130 cr Indians to take nation to newer heights: PM Modi
Jan 31, 2022
New Delhi [India], January 31 : Lauding President Ram Nath Kovind's address at the Joint Session of the Parliament, Prime Minister Narendra Modi on Monday said that the speech reflects the collective vision of 130 crore Indians to take the nation to newer heights in the coming times.
Taking to Twitter, Prime Minister said, "An extensive and insightful speech by Rashtrapati Ji, which talks about India's developmental strides and reflects the collective vision of 130 crore Indians to take our nation to newer heights in the times to come."
President Ram Nath Kovind on Monday said that India has once again established itself as the world's fastest-growing economy.
"Due to consistent endeavours, India has again emerged as one of the fastest-growing economies in the world. GST collection has consistently remained above Rs 1 lakh crore during the last several months," President Kocind said while addressing both Houses of the Parliament at Central Hall ahead of the Budget Session.
In the first seven months of the current financial year, the inflow of 48 billion dollars, the President said is a "testimony to the belief the global investor community has in India's growth story."
President Ram Nath Kovind on Monday said that the inflow of 48 billion dollars in investment in the first seven months of the current financial year was a testimony to the belief that the global investor community has in India's growth story. He was addressing the Joint Session of the Parliament on the first day of the Budget Session.
On the increasing exports of the country, the President said, "India's foreign exchange reserves today exceed 630 billion dollars. Our exports have also grown rapidly, breaking several past records. During April to December 2021, our goods-exports stood at 300 billion dollars or more than Rupees 22 lakh crore, which is one and a half times more than the corresponding period of 2020."
The government has launched 14 key schemes with an outlay of over Rs 1,97,000 crore to fully realize the potential of the manufacturing sector and to create new opportunities for the youth, the President said. "These schemes will not only help transform India as a global manufacturing hub but also create over 60 lakh jobs," he added.
In order to develop our country as a global leader in the field of electronics and technology hardware, the President said that the government has also recently announced a package of Rs 76,000 crore for silicon and compound semiconductor fabrication, display FAB, chip design and related ventures.
