PLP to PLI, reform express at full speed, says PM Modi
'If India's Future Is Secure, World's Is Too'
Prime Minister Narendra Modi expressed that India has transitioned from production-linked punishment (PLP) to a system incentivizing higher production through schemes like PLI (which stands for production-linked incentive). Modi vowed to pursue reforms with greater vigor to achieve "Viksit Bharat" (Developed India). He emphasized the government's commitment to supporting the youth, women, farmers, the poor, and the middle class.
Modi stated that the reform express would move forward at an even greater speed amid global challenges where India is viewed as a 'bright spot' with falling poverty levels and being forecasted as the fastest-growing major economy by the International Monetary Fund. He criticized the Congress-led opposition for mocking Atmanirbhar Bharat initiatives, asserting that policies should cater to the country, not the other way around.
Modi debunked the notion of "production-linked punishment," stating that such policies sought to perpetuate shortages of essential goods to keep citizens dependent on them. He further highlighted how PLI has attracted significant investments, created lakhs of jobs, and boosted exports. Modi stressed that the government's approach was focused on delivering tangible benefits to citizens rather than making grand announcements that lacked follow-through.
He cited various reforms like eliminating railway crossings, improving metro punctuality, simplifying tax filing, and streamlining business regulations as evidence of this shift towards pro-people, pro-growth, and pro-development policies. Times Internet chairman Satyan Gajwani noted that Modi's long tenure among G7 and G20 leaders signifies stable leadership that fosters national unity, security, and confidence, driving the nation's energy and progress.
Written by urgent.news from Times of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
