Narendra Modi in Seoul: ‘India aims to be among 3 biggest economies’; Modi, Moon ink six MoUs

India’s Prime Minister Narendra Modi has stated on Thursday that India’s main objective is standing among the top three countries in the world. He made these remarks while addressing the Indian diaspora in South Korea.

The prime minister stated: “When I assumed the office, we were at the 11th position in the world. Now we are on the sixth, the day is not far when we will be among the top five of the world. However, our aim to be among the top three.”

According to ANI news reports, Modi further stated the whole world is eying of India as the country is the fastest growing economy in the world. He further said, “Our economy has strengthened. India is moving fast towards becoming an economy worth 5 trillion.”

While citing the proactive steps and actions taken by his government in few recent years, including new initiatives in order to airlift the country on a forward trajectory, Modi mention GST, further hailing it as the “biggest indirect tax reform”. Modi said from the last four-and-a-half year, “we have been working towards ease of living and ease of doing business in India”.

Modi added, “Like Sardar Vallabh Bhai Patel united the nation, the economic unity came about by incorporating GST in the economic system.”

He also asserted that India is also moving towards a cashless economy and that “we have maintained fiscal discipline”, “even as a developing nation, India took a big leap in the ease of doing business”.

Modi also said that under the Mudra Yojana, about 128 million people received more than USD 90 billion micro-credit, among which about 74 per cent were women. He said, “Under world’s biggest health insurance scheme Ayushman Bharat or as people call it ‘ModiCare’, as many as 50 crore people will receive free medical facility.” The number is more than the combined population of nations like the United States, Mexico and Canada.

Modi also hailed the digital India initiatives, saying that he has changed the lives of people across India, as almost every citizen has a biometric identity, as well as the optical fiber, has reached villages.

Modi also said “Make in India” is now a global brand.

Earlier the day, Modi along with South Korean President Moon Jae-in unveiled the bust of Mahatma Gandhi at the Yonhei University.

On the second day of his official visit to Seoul, Modi on Friday paid a tribute to Korean soldiers at the National Cemetery, according to ANI news reports.

MEA spokesperson Raveen Kumar, in a tweet, wrote: “Honouring the heroes. PM @narendramodi laid a wreath at the National Cemetery of the Republic of Korea that entombs remains of 165000 martyrs and paid homage to the fallen soldiers.”

Just after that, Modi reached the Blue House which is the presidential office of South Korea. Modi is also scheduled to hold a meeting with Moon.

Kumar tweeted: “Taking stock and preparing a roadmap for future PM @narendramodi & Korean President @moonriver365 held constructive talks on enhancing cooperation in trade & investment, defence & security, energy, space, Start-Ups and people-to-people exchanges.”

During the meeting, Modi and Moon inked/exchanged about six documents, including on cooperation in Media, Start-ups and Police among others.


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