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India's Rise to Global Power: A Transformative Journey Under PM Modi's Leadership
In a recent address in Milan, India's Finance Minister Nirmala Sitharaman showcased the nation's remarkable growth trajectory under the leadership of Prime Minister Narendra Modi. With key statistics and significant achievements, she illustrated how India has become a global powerhouse, demonstrating leadership in various sectors like fintech and inclusive economic growth.
Key Milestones in India's Economic Journey
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UPI’s Milestone Achievement
The Unified Payments Interface (UPI) has seen phenomenal growth, reaching a remarkable ₹24 lakh crore in transactions by March 2025. This marks a significant leap in digital payments, showcasing India’s leadership in fintech innovation. UPI's widespread adoption highlights the country’s success in leveraging technology to enhance financial inclusion, making it easier for individuals to access financial services. -
Jan Dhan’s Expansive Reach
The Jan Dhan Yojana, aimed at financial inclusion, has seen impressive results, with ₹2.614 lakh crore in deposits. This initiative has provided millions of unbanked Indians access to financial services, further cementing India’s position as a model for inclusive economic growth.
A Commitment to Inclusive Growth
Sitharaman emphasized the Modi government’s commitment to ensuring that growth benefits all sections of society. Initiatives like street vendor credit schemes have empowered small-scale entrepreneurs, offering them the financial support needed to thrive. The government has placed a strong focus on welfare measures, ensuring economic development is accessible to all.
India’s Global Leadership in Fintech
India is now a global leader in fintech, largely due to the success of initiatives like UPI and Jan Dhan. These advancements have positioned the country at the forefront of digital financial services, earning recognition on the global stage. This leadership in fintech reflects India’s forward-thinking approach to economic development.
Support for the Indian Diaspora
The government continues to prioritize the welfare of the Indian diaspora, with policies that promote their well-being and provide them with the necessary resources. India’s growing influence in the global economy is also a result of the strong ties the government has cultivated with its overseas citizens.
Operation Ganga: A Symbol of Global Responsibility
Sitharaman also touched upon the importance of India’s role in humanitarian missions. One such example is Operation Ganga, an emergency mission that successfully evacuated Indian citizens from conflict zones. This rescue operation was a testament to India’s global presence and its ability to act swiftly and decisively when needed.
The Road Ahead: A Vision for 2047
Looking toward the future, the Finance Minister outlined India’s ambitious vision of becoming a fully developed nation by 2047, marking 100 years of independence. She highlighted that the continuity of leadership under PM Modi will be crucial in achieving this goal. By maintaining stable governance, India will continue to harness its potential and strengthen its position as a key global player.
Conclusion
In her Milan address, Sitharaman painted a vivid picture of India’s transformative journey—a journey of digital innovation, inclusive growth, and global leadership. From fintech advancements to humanitarian operations, India’s rise is undeniable. With a focus on continuity in leadership, India is poised to become a developed nation by 2047, showcasing a model for the world to follow.
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