Ashwini Vaishnaw breaks down India's 4-point plan to become developed nation
Union Minister Ashwini Vaishnaw on Thursday said that India has a well thought-through economic strategy at the moment which will help the country to achieve its dream of becoming a developed nation by the year 2047.
Speaking to India Today on the sidelines of the World Economic Forum (WEF) 2025 in Davos, Vaishnaw listed out the four pillars of the strategy charted out by the central government to become a developed country.
"India has a very well thought-through economic strategy at the moment. The strategy is based on four pillars: One, public investment in social and physical infrastructure. Two, focus on technology manufacturing and innovation. Three, inclusive growth. Four, simplification," the Union Minister for Railways and Information & Technology said.
"When we look at public investment, the Budget of 2021, we started with around 40 billion US dollars and then ramped it up to 60, 80, 100 and this year (2023-24), the Budget is around 145 US dollars. This is going into physical, digital and social infrastructure. Physical infrastructure includes the railways, highways, the transmission lines, the ports, the airports. Social infrastructure includes building new hospitals, schools, universities. Digital infrastructure includes rolling out 5G services, optical fibre connecting even the last village of the country," he added.
The senior BJP leader also said that people who were at the bottom of the economic pyramid have come up the ladder and that is why they chose Prime Minister Narendra Modi for the third consecutive time.
"As the people who were at the bottom of the economic pyramid come up the ladder, it makes a very big difference. And this was one of the reasons why PM Modi got re-elected for the third time when there are so many democracies which have lost," Vaishnaw said.
