India fastest developing among ‘larger economies : PM Narendra Modi

New Delhi :  Prime Minister Narendra Modi who attended an event to mark the 192nd birth anniversary of Swami Dayanand Saraswati in the nation capital on Sunday.

Modi said that the India is the fastest developing country among the “larger economies of the world”. Also said “When most of the world powers are in doldrums, everyone is looking up to us who are developing at the fastest pace. India is the fastest growing among the larger economies,”

Modi said India is the only economy which has not been affected by the global economic crisis that has hit the world.

The event was organised by the DAV Management Committee in association with Arya Pradeshik Pratinidhi Sabha and Arya Pratinidhi Sabha, Haryana.

The ‘Naya Sankalp’ event, organised by the DAV group of educational institutions, also marked the 130th foundation ceremony of the Arya Samaj Hindu reform movement.

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The prime minister said that the “Everyone is saying this… the World Bank, the IMF… The world is going through an economic crisis, but it is India alone that is progressing at a rapid pace. This is a unique situation when the whole world is slipping and India is growing.

Calling India the “youngest nation in the world”, Modi said the power of youth will be used for nation’s development.

“The government’s focus is on how to convert the power of the youth which can used for development of the nation. Therefore, we not only launched a skill development programme for the youth but also created a new ministry, with its own budget and a set of officers to take the programme forward,” the prime minister said.

By 2030, when the population of many countries will grow old and when they require a work force, India can power these nations with skilled and technically qualified manpower, Modi said.

The prime minister also said that the central government’s policies and programmes, such as Skill India, Start up India, Stand up India, Digital India and Mudra scheme of loans, have contributed immensely to the development of the country.

“Our government does not believe in show off. We believe in delivering results. We have already disbursed over Rs.1 lakh crore under Mudra scheme and over two crore families have been benefitted from it,” he added.

The Mudra scheme is a micro-finance initiative under which loans are provided to small and medium entrepreneurs without bank guarantee.

The prime minister said the new resolve for Arya Samaj should be to raise IndiaÂ’s stature globally. This, he said, would be their true homage to Swami Dayanand.