PM Signals Growth Mantra For New Govt: The End Of Incrementalism

  • Modi says he is committed to improving the ease of living for all, will ensure ₹100 trillion investment in infra
  • He says within weeks of his government taking charge after parliamentary elections in May, it struck down 60 obsolete statutes and announced new schemes such as pension for shopkeepers

Prime Minister Narendra Modi in his Independence Day speech signalled what would be the guiding principle of his government’s pursuit of development and better living standards for people—end of incrementalism.

Speaking from the ramparts of Red Fort, Modi listed out the big tasks that he wanted to do, including everything from making Indian farmers a force in global markets to building houses for 20 million poor people and ensuring access to clean water to 150 million rural households to making India a $5 trillion economy over the next few years. This, and numerous other development targets, according to Modi, cannot be achieved with a business-as-usual mindset.

“Our nation must march forward, but the country cannot now wait much longer for incremental progress, we will have to take a big leap. We will have to change our thinking too,” Modi said.

Indicating an appetite for quick and far-reaching decisions, the Prime Minister said that his government was committed to ensuring ₹100 trillion investment for modern infrastructure and ₹3.5 trillion investment on improving people’s access to drinking water.

Source: Livemint

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