India is among the fastest growing major economies in the world: President Murmu

New Delhi, Aug 14: President Draupadi Murmu, in her maiden address to the nation on the eve of Independence Day, said India is among the fastest growing major economies in the world and stated the country has made unprecedented progress in the development of physical and digital infrastructure.

"The pandemic has uprooted lives and also economies in the entire world. When the world has been battling the economic consequences of the great crisis, India got its act together and is now moving forward. India is among the fastest-growing major economies in the world. India's start-up ecosystem ranks high in the world. The success of start-ups in our country, especially the growing number of unicorns is a shining example of our industrial progress," the President said.

Giving credit to the government and the police makers for helping the economy flourish, she added, "The government and policy-makers deserve credit for beating the global trend and helping the economy flourish. During the last few years, unprecedented progress has been made in the development of physical and digital infrastructure."

She also claimed that the credit must also be given to workers and farmers whose hard work has made it possible and entrepreneurs whose business acumen has created wealth.

"Through the Pradhan Mantri Gati-Shakti Yojana, all the modes of connectivity based on water, land, air etc. are being integrated in the whole country to enable seamless transportation across the country. For the vibrancy of growth visible in our country, credit must also be given to workers and farmers whose hard work has made it possible and entrepreneurs whose business acumen has created wealth. What is all the more heartening is that the growth is becoming more inclusive and regional disparities too are reducing," said the President.

President highlighted that Digital India is creating the bedrock of a knowledge economy. President Murmu said, "But this is only the beginning. A series of economic reforms and policy initiatives have been preparing the ground for a long term. Digital India, for example, is creating the bedrock of a knowledge economy. The 'National Education Policy' is aimed at preparing the future generation for the next stage of industrial revolution while also reconnecting it with our heritage."

President Murmu highlighted that Economic reforms are rightly accompanied by innovative welfare initiatives. "Economic success is leading to an ease in living too. Economic reforms are rightly accompanied by innovative welfare initiatives. A home of one's own is no longer a dream for the poor, but a reality for more and more people, thanks to the 'Pradhan Mantri Awas Yojana'.