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PM Modi said that the real strength of the country is that now India will become such a developed nation.

Sagar Patel

By Sagar Patel

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Prime Minister Narendra Modi

Prime Minister Narendra Modi has said that the excellent work of Indians in various fields and their enthusiasm to make India a developed nation is the country’s greatest strength. In a message written on the seventh day of the foundation of the Jain International Trade Organisation (JITO) Innovation Incubation Fund, Modi said that the kind of optimism and confidence that is being seen across the world towards India shows the strength of the country.

This is the goal of Prime Minister Modi

Modi said that India is a country with immense potential. The participation of our countrymen who have done excellent work in various fields and their enthusiasm for the development of the country is our greatest strength. The Prime Minister has set a goal of making India a developed nation by 2047 by focusing on the use of technology.

He said reducing dependence on foreign products and promoting local products is one of its notable achievements. Modi said the current optimism and unwavering faith in our capabilities extends to all sectors including space science, defence and commerce. Organisations like JITO have played a key role in these achievements over the last decade and have contributed to the vision of a self-reliant India.

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investment of 200 crores

JITO Incubation and Innovation Fund (JIIF) organised its annual Innovation Conclave on July 6 and 7. Its theme was Impactful Ideas: Promoting Innovation and Entrepreneurship. JITF, a subsidiary of JITO, has invested over Rs 200 crore in 80 companies and trained over 25 Jain entrepreneurs.

the work will have to be done like this

As for making India a developed nation, Albert Park, chief economist at the Asian Development Bank (ADB), said India is still far behind in many aspects. If it achieves success on those fronts, it will be easier for it to achieve the goal of becoming a developed nation. Some of those fronts include factor market reforms in land, employment, energy sector and curbing rising debt. In 2020, Parliament approved a plan to increase employment but it is yet to be implemented. Park said that by simplifying and reducing regulatory and trade ease and tariffs, India can increase its share in the global value category.

He said that apart from this there should be more investment in human capital. He said India needs to increase exports in intensive manufacturing sectors like electronics and textiles, which are still very limited and not growing as fast as other more dynamic parts of Asia. Park said India is performing well on various parameters to achieve double-digit growth, but achieving growth of more than 10 per cent will require huge investment in the infrastructure sector and world-leading technologies.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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