ANI
26 Jan 2023, 00:55 GMT+10
New Delhi [India], January 25 (ANI): Noting that India has been among the fastest-growing major economies, President Droupadi Murmu has said most sectors of the economy have shaken off the pandemic effect and this has been possible due to "timely and pro-active interventions from the government".
In her address to the nation on the eve of the 74th Republic Day, the President said India became the fifth largest economy in the world last year and the achievement came amid high global economic uncertainties.
The President said that in the country's mission 'Sarvodaya' (the upliftment of all), the most encouraging has been the progress made on the economic front.
"Last year, India became the fifth largest economy in the world. It needs to be underlined that this achievement comes against the backdrop of high economic uncertainties around the world. The pandemic has entered the fourth year, affecting economic growth in most parts of the world."She said in its initial phase, COVID-19 also hurt India's economy badly but the country soon came out of the downturn.
"Guided by our able leadership and driven by our resilience, we soon came out of the downturn, and resumed the growth saga. Most sectors of the economy have shaken off the pandemic effect. India has been among the fastest-growing major economies. This has been made possible by timely and pro-active interventions from the Government. The 'Atmanirbhar Bharat' initiative, in particular, has evoked great response among people at large."She said there have also been sector-specific incentive schemes.
"It is a matter of great satisfaction that those on the margins have also been included in the schemes and programmes and they have been helped in tiding over difficulties."The President said that by implementing the Pradhan Mantri Garib Kalyan Anna Yojana announced in March 2020, the government ensured food security for poor families at a time when the country was facing economic disruption in the wake of the unprecedented outbreak of COVID-19.
"Because of this help, no one had to go hungry. Keeping the welfare of poor families paramount, the duration of this scheme was extended successively, benefiting about 81 crore fellow citizens. Further extending this assistance, the Government has announced that even during the year 2023, the beneficiaries will get their monthly ration free of cost," she said.
"With this historic move, the government has undertaken the responsibility of caring for the weaker sections while also enabling them to benefit from economic development," she added.
President Murmu said with the economy on a sound footing, the country has been able to begin and carry forward a series of praiseworthy initiatives.
"The ultimate goal is to create an environment in which all citizens can, individually and collectively, realise their true potential and prosper."She said as education builds the right foundation and for this purpose, the National Education Policy has introduced ambitious changes.
"It rightly addresses the two-fold aims of education: as an instrument of economic and social empowerment and as a means to explore the truth. The policy makes our civilisational lessons relevant for contemporary life, while also preparing the learner for the 21 st century challenges.
She said National Education Policy appreciates the role of technology in expanding and deepening the learning process. (ANI)
Get a daily dose of India Gazette news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to India Gazette.
More InformationNEW YORK CITY, New York: As early as this year, lab-grown meat could be served in some restaurants in the ...
BANGKOK, Thailand: Following China's reopening and the end of its strict COVID-19 restrictions, businesses on Thailand's holiday island of Phuket ...
NEW YORK, New York - Recession fears faded on Wall Street Thursday as annualized 4th quarter GDP (gross domestic product) ...
WASHINGTON D.C.: In December 2022, US existing home sales declined to a 12-year low, but lower mortgage rates raised cautious ...
SEOUL, South Korea: Korea Customs Service data released this week showed that South Korean exports for the first 20 days ...
SEATTLE, Washington: Amazon.com's cloud services division, Amazon Web Services (AWS), has announced that it will expand its data centers in ...
ISLAMABAD, Pakistan - Pakistan's intelligence and security agencies have revealed the script for a false flag operation involving alleged infiltration ...
New Delhi [India], January 28 (ANI): Congress leader Rahul Gandhi on Friday alleged that police arrangement "completely collapsed" during Bharat ...
New Delhi [India], January 28 (ANI): The 15th BRICS summit is all set to take place in South Africa's Durban ...
New Delhi [India], January 28 (ANI): Shiromani Akali Dal (SAD) chief Sukhbir Singh Badal on Friday attacked the Aam Aadmi ...
New Delhi [India], January 27 (ANI): Congress president Mallikarjun Kharge on Friday lashed out at the Centre over an alleged ...
By Aashique HussainNew Delhi [India], January 27 (ANI): Bharatiya Janata Party's (BJP) Kisan Morcha National Executive meeting will be held ...