In a veiled response to US President Donald Trump over his ‘useless economic system’ claims in opposition to India, Prime Minister Narendra Modi on Sunday, i.e., August 10, mentioned that the nation is quickly progressing towards turning into one of many world’s prime three economies.
Prime Minister Narendra Modi and US President Donald Trump (Picture/Reuters)
In a veiled response to US President Donald Trump over his ‘useless economic system’ claims in opposition to India, Prime Minister Narendra Modi on Sunday, i.e., August 10, mentioned that the nation is quickly progressing towards turning into one of many world’s prime three economies.
Addressing a public occasion in Karnataka’s Bengaluru, PM Modi mentioned the momentum India has gained stems from a “spirit of reform, efficiency, and transformation backed by clear intentions and sincere endeavours.” “We’re quickly shifting in the direction of turning into the highest third economies. This pace got here to us from the spirit of reform, carry out, and rework. This pace got here to us from clear intention and sincere efforts. In 2014, Metro was restricted to solely 5 cities. And now there’s a community of greater than 1000 km in 24 cities,” mentioned PM Modi.
“Earlier than 2014, about 20,000 km of rail route was electrified. Now we have electrified greater than 40,000 km of rail route within the final 11 years itself… Until 2014, there have been solely 74 airports in India. Now their quantity has elevated to greater than 160. The figures for waterways are additionally equally spectacular. In 2014, solely 3 nationwide waterways had been operational. Now this quantity has elevated to 30,” he added.
US-India tariff row
PM Modi’s remarks comply with US President Donald Trump’s announcement of a further tariff on Indian items coming into the States. Final week, Trump signed an govt order imposing a further 25 p.c tariff on India, bringing the overall levy to 50 p.c. The US President had been focusing on India for its crude oil enterprise with Russia. Beforehand, Trump had dismissed India and Russia as “useless economies”, claiming he “did not care about what India does with Russia”.
“I do not care what India does with Russia. They will take their useless economies down collectively, for all I care. Now we have finished little or no enterprise with India, their tariffs are too excessive, among the many highest on the planet. Likewise, Russia and the USA do virtually no enterprise collectively”, Trump had mentioned.
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