India was a sleeping elephant: Today it is reform, perform and transform says Modi

New Delhi, Aug 15: In his Independence Day address, Prime Minister, Narendra Modi made a strong pitch to woo the farmers. He spoke about the Minimum Support Price introduced by his government.

In addition to this, he also spoke about the insolvency and bankruptcy code. On MSP, Modi said, "after years of files circulating from one office to other, we came and put in place MSP for farmers." He said that development has taken place at a rapid pace since the past 4 years.

"We got in the insolvency and Bankruptcy code. No one had the courage, but we did it. Why was Benami property act not brought into place? We had the courage to bring it into practice. "

"From being seen as among the fragile five, India is now the land of reform, perform and transform. We are all set for record economic growth," he further said.

The world always believed that India means policy paralysis or delayed reforms, but now it has changed to reform, perform and transform. We were counted among fragile five, but now we are a multi-trillion dollar investment destination."

India was a sleeping elephant which has started walking and running, Modi said while lauding India's emergence as an investment destination. "We are very proud of what we have achieved but at the same time, we also have to look at where we have come from. That is when we will realise the unbelievable strides the nation has taken," he further said.

While applauding India's scientists, Modi said that India is heading the international solar alliance.

He also said that his government had bridged the gap between North East and the rest of India. North East has developed into a hub of change in past four years. We have taken Delhi to the doors of North East, he also said.

Modi said that today the image of India has improved at global platforms and the world is listening to Indian concerns. For many years we had waited for a place in these global platforms. Today India is a source of hope for countries talking about mitigating global warming and climate change effects. The power of the Indian passport has increased across the world, Modi also said.