Prime Minister Narendra Modi delineated formidable forecasts for the economic destiny of India on Friday, affirming that the nation is on the brink of ascending to the position of the world’s third-largest economy during the tenure of his administration’s third period. Addressing attendees at the Bharat Mobility Global Expo in New Delhi, Modi disclosed blueprints for the establishment of 1,000 contemporary lodging facilities along national thoroughfares catering to haulage and cab operators in Phase-1 of the endeavor.

With the impending general elections slated for April-May this annum, Modi’s oration accentuated India’s expeditious advancement and economic trajectory. He accentuated substantial upswings in vehicular transactions since 2014, registering an escalation from 12 crore vehicles in the antecedent decade to over 21 crore vehicles vended in the nation thereafter.

Furthermore, the premier underscored the notable upsurge in the adoption of electric vehicles (EVs), citing a noteworthy spike from 2,000 EVs retailed a decade ago to 12 lakh electric vehicles currently in circulation. He highlighted a 60 per cent augmentation in the sale of passenger vehicles over the preceding decade, mirroring the metamorphosing automotive panorama of India.

 

In conjunction with economic accomplishments, Modi commemorated India’s infrastructural strides, citing undertakings such as the Atal Tunnel and Atal Setu as feats of engineering prowess. He spotlighted the erection of 75 novel aerodromes and approximately 4 lakh rural thoroughfares over the bygone decade as indicative of India’s infrastructural expansion.

Exhorting domestic ingenuity, Modi implored the industrial sector to accord precedence to research and development (R&D), particularly in the fabrication of batteries utilizing indigenously available raw materials. His remarks signify a dedication to nurturing indigenous technological proficiencies and mitigating reliance on imports in pivotal sectors.

As India braces itself for the forthcoming elections, the premier’s vision for economic enlargement and infrastructural augmentation establishes the cadence for national dialogue, underscoring the administration’s aspirations for sustained prosperity and innovation.