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Budget Session | India Grew Fastest Among Major Economies In 2023: President Murmu Tells Parliament

President Droupadi Murmu praised the Modi government's major achievements over the last decade

Story Highlights
  • Ram temple in Ayodhya has now become a reality and that concerns about the repeal of Article 370 are no longer valid
  • Be it terror or expansionism, India giving befitting response
  • Previously, the country's inflation rate was in double digits, but it is currently under 4%

Mumbai: President Droupadi Murmu, speaking to a joint session of Parliament on January 31, declared that 2023 would be a landmark year for the country, as it will maintain its status as the fastest-growing major economy.

“The year 2023 was momentous for India, as it expanded the quickest among major economies despite the global crisis. India grew by about 7.5% in two consecutive quarters,” she told Parliament.

Ms. Murmu said in her first address to a joint sitting of the two Houses in the new Parliament building, where she touched on issues ranging from insurgency to inflation, that a country can only progress at a rapid pace if it overcomes past challenges and devotes all of its energy to building the future.

President Droupadi Murmu praised the Modi government’s major achievements over the last decade, claiming that the centuries-old dream of erecting a Ram temple in Ayodhya has now become a reality and that concerns about the repeal of Article 370 are no longer valid.

‘India managed inflation well’

“The globe has confronted two wars and COVID-19 in recent years. Despite global problems, my government maintained inflation under control across the country and did not impose a burden on individuals,” the President stated.

In her speech, she also stated that the Indian economy used to be one of the ‘fragile five’ but was now growing in the right direction and at the appropriate rate as a result of various reforms implemented by the government in the last decade. “According to the Niti Aayog, in the 10-year rule of my government, nearly 25 crore people have come out of poverty,” she said in a statement.

“We have been hearing slogans of eradicating poverty for a long; now first time we are seeing poverty being eradicated on a large scale,” she said.

Ms. Murmu stated that during the last decade, the government has made good governance and transparency the cornerstones of all systems. “My Government is continuously working on making it easy to do business in India and creating a suitable environment for it,” stated the prime minister.

Ms. Murmu stated that the administration is fully committed to empowering MSMEs and small entrepreneurs.

Previously, the country’s inflation rate was in double digits, but it is currently under 4%, she said.

Ms. Murmu thanked Prime Minister Narendra Modi on the approval of the Women’s Reservation Bill. She gave her assent to the Bill, which seeks to provide 33% reservation for women in the Lok Sabha and State Assemblies, making it law on September 29.

‘Be it terror or expansionism, India giving befitting response’

“My administration is currently creating modern infrastructure along the entire border. This job should have been completed as a matter of priority long before now. Whether it’s terrorism or expansionism, our forces are responding appropriately,” she added amid slamming desks by Lok Sabha and Rajya Sabha members.

Ms. Murmu further stated that India is now a leading voice against terrorism around the world.

The administration, she continued, believes that the vast edifice of a developed India would be built on four strong pillars: youth power, women’s power, farmers, and the poor.

“In the previous ten years, the country has seen the completion of projects for which people have waited decades. “There has been a desire to build the Ram Mandir for centuries, and now it has become a reality,” she added to the sound of desks banging from the treasury benches.

“In cultural history, some milestones determine the future of centuries. In India’s history, there have been countless such milestones. On January 22, the country marked one such milestone. “After centuries of waiting, Ram Lalla now resides in a grand temple in Ayodhya,” she stated.

Following the consecration ceremony at Ayodhya Dham, 13 lakh devotees had performed ‘darshan’ in just five days, the President stated. She stated that there were concerns about the removal of Article 370 from Jammu and Kashmir, but they “have become history now.”

The president stated that there is a sense of peace and security in Jammu and Kashmir, as seen by the vibrancy of markets rather than the “silence of shutdowns” that had previously occurred.

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