India rising up to assume leadership position in global arena : Naidu

Speed Post News Network

New Delhi : The Vice President of India M Venkaiah Naidu on November 11, 2019, said that in the global arena, India is rising up to assume a leadership position whether it is the issue of climate change, multilateral trade liberalisation or in geo-political affairs. India is being recognised as a strong power not only in terms of its rising economic and market potential but also for its soft power. There is enthusiasm across the globe about India, he said, while delivering the 21st ASSOCHAM JRD Tata Memorial Lecture instituted in the name of JRD Tata in New Delhi .

Naidu said that JRD Tata was not only a doyen of the Indian industry but also a visionary leader who foresaw a rising India. “He has been synonymous with high ethical standards and the pioneering spirit of entrepreneurship,” he said.

Talking of current economic situation, Naidu said that the fundamentals of Indian economy are strong and with the Government pursuing various reforms, India has potential to emerge as one of the leading economies in next 10 years. He also exuded confidence that the recent measures taken by the Government will simulate investments, attract capital flows, and give a push to GDP growth in the coming months.

Expressing pride at India being the world’s largest and the most vibrant democracy of 130 crore aspirational Indians, the Vice President said that our nation is rising in stature in various fields – be it economic, geo-political influence, defence, sports, science, IT and space technology.

Stating that the right kind of environment has been created for doing business, Naidu called upon the industry leaders to make best use of the opportunities. He also said that ‘Rising India’ should mean the rise in the living standards of every Indian. Not only should there be greater ease of doing business but there should be greater “ease of living” as well. Talking of various people centric programs such as Digital India, Jan Dhan Yojana, and Swachh Bharat, Naidu said that the extensive use of digital technology has reduced corruption and improved transparency.

Digital India is transforming the country into a digitally empowered society and knowledge economy and Jan Dhan Yojana created a world record in opening the largest number of bank accounts in the shortest time, he said. “‘It has made financial inclusion a reality,” the VP said.

Appreciating that the cutting edge back-end solutions of scores of Fortune 500 companies are being developed in Indian cities such as Bengaluru, Hyderabad and Pune, Naidu said that we must use the cutting edge technologies to come up with new products and processes and become the digital hub of the world.

Terming Infrastructure a key pillar for national development, Naidu said that tremendous progress has been made in this regard in recent years. With an average of 27 km of national highways and 134 km of roads being built every day, our villages are better connected and this will improve their overall economic activities, he said, according to a PIB release.

Quoting the World Economic Forum’s report “The Future of Jobs 2018”, Naidu said that more than half of Indian workers will require reskilling by 2022 to meet the talent demands of the future and called upon the industry to join hands with the government to create a workforce that has the 21st century skills.