India set to be most digitised economy: PM Modi

Inaugurating the eighth edition of the Vibrant Gujarat Global Summit, Modi said: “It is our vision and mission to bring a paradigm shift in the ways of our polity and economy.

Written by Avinash Nair | Gandhinagar | Published:January 11, 2017 4:28 am
Vibrant Gujarat Global Summit, narendra modi, PM modi, digital payment, demonetisation, cashless economy, no cash, digitised economy, make in india, indian express news, india news PM Narendra Modi with Ratan Tata at the Vibrant Gujarat Global Summit 2017 in Gandhinagar on Tuesday. PTI photo

PROMISING A “paradigm shift” in “polity and economy”, Prime Minister Narendra Modi said on Tuesday that India has become the sixth largest manufacturing hub of the world, and is “on the threshold of becoming the world’s most digitised economy”.

Inaugurating the eighth edition of the Vibrant Gujarat Global Summit, Modi said: “It is our vision and mission to bring a paradigm shift in the ways of our polity and economy. We have taken a series of decisions and steps in this direction. To give you some examples, we are bringing a shift: from relation-based governance to system-based governance; from discretionary administration to policy-based administration; from random interference to technological intervention; from favouritism to level playing field; from informal economy to formal economy. In doing this, digital technology has played a key role.”

Read | Government strongly committed to continuing economic reforms: PM Narendra Modi

Emphasising that e-governance provides an easy and effective form of governance, he said: “Towards this end, we are working to adopt and absorb newer technologies, to bring about transparency and to end discretion. Believe me, we are on the threshold of becoming the world’s most digitised economy. Most of you wanted this change in India. I am proud to say it is happening before you.”

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Describing India as a “bright spot in the global economy”, he said “Make in India” has become the country’s biggest brand. “I am delighted to share that we have become the sixth largest manufacturing country in the world, up from ninth largest previously. Our gross value added manufacturing has recorded a growth of nine per cent in 2015-16. This is much higher than the five to six per cent growth in the previous three years. All this is helping us expand the job market and raise the purchasing power of our people,” he said.

Read | Vibrant Gujarat Global Summit: Global CEOs go gaga over PM Modi’s policies

Stating that India has “improved its policies, practices and economic profile” in the last two years, Modi said the country has improved its ranking in the World Bank’s Doing Business Report, and has moved up 16 ranks in the Global Innovation Index 2016. “India has left every other country behind in terms of providing return on investment. In 2015, India has risen to the first position in the Baseline Profitability Index,” he said.

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“Most of you can work with us in a number of areas which include hardware to software, soft skills to scientific temper, defence systems to cyber security, medicine to tourism. I daresay that India alone offers the opportunities that could rival those of an entire continent,” he told the gathering of political leaders, captains of the industry and delegates from over 100 countries.

“It offers today the possibilities of a full century. And we want to do all this in a cleaner, greener and sustainable way,” he said.

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  1. P
    Prateik
    Jan 11, 2017 at 5:02 am
    Virtual life!
    Reply
    1. P
      Prateik
      Jan 11, 2017 at 5:01 am
      Virtual money!
      Reply
      1. P
        Prateik
        Jan 11, 2017 at 5:00 am
        Virtual world!
        Reply
        1. T
          Trun
          Jan 11, 2017 at 2:24 am
          Today I had to come to my old habit of cash as paytm stopped giving Cashback.
          Reply
          1. R
            Raj
            Jan 11, 2017 at 3:18 am
            Humble request to Modi,lt;br/gt;Please live in reality do not fool yourself and people
            Reply
            1. X
              xxxx
              Jan 11, 2017 at 5:11 am
              Virtual Opinion!
              Reply
              1. X
                xxxx
                Jan 11, 2017 at 4:54 am
                politicians have all rights to play with the people of our country..because we are the one who elect them..so,please everybody shut up u r mouth and co-operate them to exploit us..
                Reply
                1. A
                  Ashok Mazumdar
                  Jan 11, 2017 at 3:14 am
                  India under Modi can surp even U S in Digital Economy within 6 months, if Congress cooperates in Lok Sabha.
                  Reply
                  1. M
                    mumbikar
                    Jan 11, 2017 at 8:10 am
                    and Virtually nothing !!! and eventually jobless !!! the world must be laughing at this dumbo !!!
                    Reply
                    1. R
                      Rajeev
                      Jan 11, 2017 at 2:38 am
                      First make Economy than talk about all this, take advise from the Exper than doing your own. For God Shake stop experimenting Indias Economy
                      Reply
                      1. P
                        Patriot
                        Jan 10, 2017 at 11:32 pm
                        Every state in India ought to host their version of 'vibrant Gujarat' to promote their interests. Of course, it is important to develop infrastructure and skilled labor to entice corporate houses to set up shops in individual states. It is possible to develop tourist industry by preserving historical forts, temples and places along with hotels, petrol pumps and cultural shows highlighting the local traditions.
                        Reply
                        1. R
                          Rajat
                          Jan 11, 2017 at 5:02 am
                          good going modiji
                          Reply
                          1. G
                            George
                            Jan 11, 2017 at 4:49 am
                            There is no end to this man's vanity. He is totally conceited. Those from the RSS think that technology and digitalization is something like taking them back to the Ram Rajya! In country where about 40 percent of people live in drudgery, the shameless PM speaks a language that pleases the corporations of the world. Even in USA 46 percent of people use cash. What nonsense this dreamer is saying!
                            Reply
                            1. R
                              Rathi
                              Jan 11, 2017 at 2:28 am
                              "from relation-based governance to system-based governance; from discretionary administration to policy-based administration; from om interference to technological intervention; from favouritism to level playing field; from informal economy to formal economy".............very powerful words.
                              Reply
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