March 30, 2023

Global investors have faith in India growth story: President Kovind in Parliament address | India News – Times of India

NEW DELHI: President Ram Nath Kovind on Monday said the inflow of $48 billion in investments in the first seven months of the current financial year is a testimony to the increasing belief of the global investor community in India’s growth story and also lauded the country’s handling of the Covid pandemic with record number of vaccinations.
In his address to a joint sitting of Parliament, which is seen as the intent of the government of the day, the President gave a detailed account of the Centre’s initiatives towards empowering farmers and made a specific mention of the government’s focus on women and girl-child belonging to the Muslim community.
“India has again emerged as one of the fastest-growing economies in the world. GST collection has consistently remained above Rs 1 lakh crore during the past several months. The inflow of $48 billion in the first seven months of the current financial year is a testimony to the belief the global investor community has in India’s growth story,” Kovind said.
Mentioning that the government has made a beginning to liberate the society from the manifestly arbitrary practice of Triple Talaq by making it a criminal offence, the President further said that restrictions on Muslim women from performing the Haj only with Mehram (male guardian) have also been removed.
“While about three crore students from minority communities were provided scholarships prior to 2014, my government has provided scholarships to 4.5 crore such students since 2014. This has led to a significant reduction in the school dropout rate of Muslim girls and an increase in their enrolment,” he said.
Highlighting that the government has made record procurement to match record production, the President said the government is working continuously to empower farmers and the country’s rural economy. He said the United Nations has declared 2023 as the International Year of Millets, which the government will celebrate on a large scale.
Referring to the Startups Intellectual Property Protection Programme, he said the government has simplified and accelerated the processes related to patents and trademarks. “As a result, nearly 6,000 patents and more than 20,000 trademarks have been applied for in this financial year,” he added.
Kovind said the government is aware of rapidly-evolving drone technology and related opportunities and has notified the simplified Drone Rules 2021 and also launched a PLI scheme for the manufacturing of drones and drone parts in the country. Talking about India’s capability in the fight against Covid-19, the President said the country has already surpassed the record of administering more than 150 crore vaccine doses in less than a year. “Today we are among the leading countries in the world with the highest vaccine doses administered. The success of this campaign has given a shield to the country providing enhanced protection to our citizens, while also boosting their morale,” he said.

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