New Delhi, Aug 14 (UNI) India has emerged as one of the fastest-growing economies over the last three years, with an average annual growth rate of 8 percent, which has drastically reduced the number of people living below the poverty line, President Droupadi Murmu said on Wednesday.
Addressing the nation on the eve of 78th Independence Day, the President said, “From 2021 to 2024, India has been among the fastest growing major economies, with an average growth rate of 8 percent annually. This has not only put more money in the hands of people, it has also drastically reduced the number of people living below the poverty line.”
“As for those who continue to suffer from poverty, all efforts are being made not only to provide a helping hand to them, but also to bring them out of it. For example, the PM Garib Kalyan Anna Yojana, launched in the initial phase of Covid-19, continues to provide free ration to about 80 crore people, which also ensures that those who have recently come out of poverty are not forced back into it,” the President highlighted.
Appreciating the tireless hard work of farmers and workers, farsightedness of planners and wealth-creators, and visionary leadership, the President said,”It is a matter of pride for all that India has become the fifth largest economy in the world, and we are also poised to become one of the top three economies soon.”
”Farmers, our Annadata, have ensured that agricultural production continues to beat expectations. With this, they have contributed immensely to making India self-reliant in agriculture and feed our people,” Murmu noted.
“Infrastructure has received a boost in recent years. Strategic planning and effective institutions have helped expand the network of roads and highways, railways as well as ports,” she said.
The President emphasised the government’s focus on future technologies, stating, “The Government has vigorously promoted a range of sectors, such as semiconductors and Artificial Intelligence, while also creating an ideal ecosystem for startups which will propel their growth. It has made India an even more attractive investment destination.”
She also highlighted, “With greater transparency, the banking and financial sector has become much more efficient. All of these factors have set the stage for the next generation of economic reforms and economic growth that will catapult India among the developed nations.”
”This rapid but equitable progress has given India a higher stature in global affairs. After the successful completion of its G-20 Presidency, India has consolidated its role as the voice of the Global South. India intends to use its influential position to expand the scope of world peace and prosperity,” the President added.
