Prime Minister Narendra Modi (AP image)
NEW DELHI: Prime Minister Narendra Modi on Sunday outlined India’s reform priorities for the next decade, stressing the need for structural reforms, deeper innovation and simpler governance to achieve the goal of a “Viksit Bharat”.In an interview to PTI, PM Modi said that the next phase of India’s growth will require sustained reform momentum, bold private sector investment and a continued focus on infrastructure and digital transformation.“More structural reforms, deeper innovation and simpler governance,” PM Modi said, when asked about the three key reform priorities for the next decade.He said that India’s growth story is being shaped by fundamental changes in governance and economic policy. Highlighting the country’s digital transformation, PM Modi said, “India is a digital leader in the world made possible by fundamental reforms in how people transact via the UPI platform.”The prime minister also emphasised the role of data infrastructure in the coming years. “Data centres will be a massive job creator for our youth; we invite whole world’s data to reside in India,” he said.On infrastructure, PM Modi said that India is witnessing an unprecedented expansion. “India witnessing most expansive infra push in its history, built with future readiness in mind,” he told PTI, underlining that infrastructure development is being planned with long-term needs in focus.PM Modi also described productive capital expenditure as a hallmark of his government and said the latest Union Budget avoided short-term populism. Instead, it prioritised record capital outlays to create jobs and strengthen long-term growth.Also Read | ‘Focus less on margins’: PM Modi says private sector ‘critical’ for Viksit Bharat, offers strong advise – top quotesHe said that India’s goods exports have repeatedly broken earlier records in recent years, reflecting improved competitiveness and global integration.“Our national character has revealed itself even in challenging times; we are bright growth spot in difficult global circumstances,” he said, pointing to India’s resilience amid global economic uncertainty.On trade policy, the prime minister said that India’s free trade agreements are aimed at expanding opportunities for small businesses. “Our FTAs designed to expand market access for MSMEs in textile, leather, chemicals, handicrafts, gems and other sectors,” he said.Looking ahead, PM Modi stressed that the next leap towards a developed India will depend heavily on private sector participation. “Next leap to Viksit Bharat will depend on bold investment by pvt sector in innovation, long-term capacity, global competitiveness,” he said.He also underlined the role of women in India’s development journey. “It is my conviction that women will play the most important role in creating Viksit Bharat,” he said.Framing the broader vision, PM Modi said that the current policy direction should be seen as laying the foundation for long-term national goals. The reforms and investments being undertaken now, he suggested, are meant to prepare India for sustained growth over the next quarter-century.
