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Prime Minister Modi at Rising Bharat Summit: A Decade of Transformation, A Future of Aspiration

Business Today Sri Lanka

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May 2025

Prime Minister Narendra Modi addressed the News18 Rising Bharat Summit at the iconic Bharat Mandapam, New Delhi, reaffirming his government's commitment to empowering India's youth and accelerating the nation's development trajectory.

Prime Minister Modi at Rising Bharat Summit: A Decade of Transformation, A Future of Aspiration

Thanking Network18 for the platform, the Prime Minister noted the timeliness of the summit's focus: the aspirations of young Indians, who he said are the driving force behind India's emergence as a global power.

He reflected on the Viksit Bharat Young Leaders Dialogue, held earlier this year on Swami Vivekananda Jayanti, as a showcase of the dreams and determination of India's new generation. The roadmap to a developed India by 2047, he emphasized, will be built through continuous engagement and insights from youth-led initiatives.

In the span of a decade, India has risen from the 11th to the fifth largest economy. Despite global headwinds, India has 'doubled the size of its economy' with a pace that reflects a 'Fast and Fearless India.' PM Modi reaffirmed his confidence that India is on course to becoming the third-largest economy in the world.

100 Days of Governance: Decisions for a Decade

Marking the near completion of the year's first 100 days, PM Modi highlighted a string of policy milestones designed to benefit young professionals, entrepreneurs, and students. These include:

  • Zero tax on income up to 12 lakh rupees, aimed at easing the financial burden on young professionals.

  • Expansion of medical and engineering education with 10,000 new medical seats and 6,500 additional IIT seats.

  • 50,000 new Atal Tinkering Labs to spark grassroots innovation.

  • Creation of Centers of Excellence in AI and 10,000 PM Research Fellowships to support cutting-edge innovation.

  • Opening of the nuclear energy sector, following the liberalization of space, to catalyze scientific and industrial progress.

  • Social security for gig workers, acknowledging the growing informal workforce.

  • Term loans up to two crore rupees for SC/ST (Scheduled Castes and Scheduled Tribes) and women entrepreneurs, making inclusivity a policy pillar.

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