Raksha Mantri Shri Rajnath Singh praised the Indian Army for its unmatched bravery during the Galwan and Tawang incidents. Shri Rajnath Singh said India has no intention of taking over other countries’ land but is always ready if anyone tries to cast an evil eye on it. He said India wants to be a superpower that works for the world.
Prime Minister Shri Narendra Modi is leading India to new heights of success, according to Rajnath Singh. This is because it entered the category of ‘fabulous five’ from ‘fragile five’, coined by investment firm Morgan Stanley, in 2014. “India is now one of the top five economies in the world. From 1991 to now, it took us 31 years to become a $3 trillion economy. I am confident that the next three trillion dollars are going to be added in the next seven years,” he said.
As a result of the Prime Minister’s credibility and decision-making, India has become an agenda-setter on the world stage. The G-20 presidency is proof of India’s growing stature, he said. ‘One Earth, One Family, One Future’ is the theme of the G-20, where we’ll decide on a development road map that’s inclusive and decisive. We have decided to share India’s resolve for economic and human development with countries that are still recovering from COVID-19 in the spirit of Vasudhaiva Kutumbkam,” he said.
Shri Rajnath Singh highlighted the procedural and structural reforms made by the Government that has laid the groundwork for a powerful, prosperous, and self-reliant ‘New India’. He mentioned the Pradhan Mantri Jan Dhan Yojana, Direct Benefit Transfer, and Pradhan Mantri Mudra Yojana, which have proved to be a boon to the poor.
100 new Sainik schools to provide more opportunities for girls to join the Armed Forces
There were a number of reforms taken by the Ministry of Defence to strengthen the Indian defence sector. These reforms included simplifying FDI rules and raising the limit to 74% under automatic routes and 100% under government routes. He said 68% of the capital procurement budget is earmarked for the domestic industry in 2022-23. He urged domestic and foreign OEMs to invest in the defence sector and integrate into the global supply chain.
According to Rajnath Singh, the reforms have yielded the desired results and defence exports have increased sevenfold in the last six years. By 2025, all efforts will be made to increase defense production from $12 billion to $22 billion. The defence sector is experiencing a golden era as it has demonstrated its capability by manufacturing fighter aircraft, aircraft carriers, main battle tanks, and attack helicopters. The Indian defence industry is growing rapidly and making its presence felt around the world. In addition to big corporations, it is also attracting start-ups and small businesses. In recent years, a large number of start-up companies have emerged. In 2014, there were fewer than 400-500 start-ups in the country. The number has reached 80,000 as of today. There is a great deal of potential for growth in the defence industry. It is going to be the sunrise sector of the Indian economy,” he said.
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