Article in the economist: Expectations run ahead of us, will redeem the trust people have placed in me, says PM

In an article in The Economist, Modi said he was conscious that the success of India’s 1.25 billion people and the future of all humanity was at stake.

By: Express News Service | New Delhi | Updated: November 20, 2015 2:38 am
masala bonds, Modi UK trip, Narendra Modi, Indian Railways, indian rupee, rupee, indian economy, BSE sensex, gdp, economy, india economy, columns, indian express columns, express opinions, indian express PM Narendra Modi (Source: Reuters)

Conceding that some of the “great expectations” from his government had “run ahead” of it, Prime Minister Narendra Modi promised to redeem the faith people had placed in him. In an article in The Economist, Modi said he was conscious that the success of India’s 1.25 billion people and the future of all humanity was at stake.

In his article, titled ‘Gathering Steam’ published in a 30th edition special section, Modi wrote: “There is a sense of great expectation from our government — a national mood to make up for the lost time of the previous years.

Inevitably, some of these expectations run ahead of us…As we head into 2016, I remain conscious of the trust that has been placed in me and I resolutely intend to redeem it. No less than the success of 1.25 billion Indians and therefore a better future for all humanity, is at stake.”

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The Prime Minister’s write-up, which appeared along with articles by IMF chief Christine Lagarde and Nobel laureate Malala Yousafzai among others, came after the magazine published an article about the BJP’s humiliating loss in Bihar elections.

The write-up — ‘The dusty plains of Bihar expose Narendra Modi’s feet of clay’ — talked about Modi government’s inability to go ahead with its promised reform agenda and suggested the need to reach out to the Opposition for the passage of key legislation.

PM Modi, who along with the ruling BJP has been facing intense criticism over the increasing incidents of intolerance in the country, again reiterated the country’s “social strengths including pluralism”.

“India has tremendous social strengths including pluralism, enduring family values and strong work ethic, Our ambition is to modernise aspects of the civic culture,” he wrote. However, Modi linked the country’s values to its ambition to modernise aspects of civic culture.

“Early evidence suggests that the Swachh Bharat (Clean India) campaign and the Beti Bachao, Beti Padhao (Protect your Daughter, Educate your Daughter) movement are creating attitudinal changes in hygiene and gender equity,” he claimed.

Listing the achievements of his government after taking over in May last year, Modi highlighted initiatives to generate faster and more inclusive growth like new bank accounts for the poor and revamping of gas subsidy scheme among others.

“We are injecting capital into state-owned banks and have appointed new, dynamic heads, including some from the private sector. Our flagship programs are tapping into our demographic dividend by encouraging risk-taking and entrepreneurship among young people.”

Modi said global investors had shown confidence in the country. “Net foreign direct investments is up and in 2016 economic growth will remain the highest among major economies,” he added.

He has also admitted that the country’s growth “even if more sustainable than the energy guzzling paths in developed countries will have some environmental impact.” About his foreign policy, the Prime Minister said it was being “largely shaped by the changes” that the country seeks.

“A conviction in the stability, connectivity and prosperity of Asia animates our policy towards our South Asian neighborhood, the Indian Ocean region, Central Asia and beyond,” the Prime Minister wrote.

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