Prime Minister Modi sought to position India as an open economy. NEW DELHI: PM Narendra Modi Saturday said that the world has virtually junked globalisation, and underlined the need for India to move towards building a strong manufacturing base and being part of the global value chain, while reaffirming his commitment to reforms.Hitting out at his critics who had attacked govt’s push for self-reliance , PM said: “…Resources such as petrol, diesel, fertilisers, medicines and technology chips are being weaponised..And at such a time, if we had not moved in the right direction for the past decade, guided by the mantra of self-reliance, then we can imagine how we would have faced such challenges strongly.”The comments seemed to refer to the recent closure of the Strait of Hormuz as well as several export restrictions imposed by China and the US, among others.Amid his comments on inward-looking policies across the globe, prime minister Modi sought to position India as an open economy, which was signing a slew of trade deals, and urged businesses and agriculture sector to tap the opportunity offered by these agreements.Join conversationView All Comments →Share your thoughts in the commentsInsightfulAgreeDisagreeSkepticalConcerningPromisingWorth ReadingBig DevelopmentPost CommentBe respectful · TOI community guidelines”…today India’s profile is rising significantly. Today, India is becoming an accepted and respected country for the world. India possesses a stable political mandate and a stable government, a vibrant democracy, a robust judicial system and the Constitution of India that guides us all; and now the world has started recognising our strength. And so, after 2014, we have been entering into FTAs with nearly 40 countries …these trade agreements that have been made are a huge opportunity, and hence I would especially like to tell my MSMEs that we should not miss this opportunity….every product of India should reach the world market; whether it is our textile, our machinery, our medicines, we must not miss any opportunity and must cross the global parameters. We need to offer products that are superior in quality and affordable than what is currently available worldwide.”Get the latest India News and Live updates. Download the TOI app.End of ArticleFollow Us On Social MediaVideosActivist Devendra Mahto Stopped From Tiranga March As Jharkhand Student Protest Escalates On I-Day‘Came From The Top’: Mahua Moitra Alleges Late-Night Pressure, Seeks Speaker Om Birla’s InterventionDid Congress Leaders Signal Stop? Viral Vande Mataram Video Sparks Political Firestorm In New DelhiIndia Signs ₹1,577 Crore Drone Deals As Army Powers Up Precision Strikes And Unmanned WarfareAjit Doval Breaks Silence On Operation Sindoor, Reveals PM Modi’s Immediate Response After PahalgamPM Modi From Red Fort: India’s Self-Reliance Push, Semiconductor Boom And Manufacturing SurgeRahul Gandhi, Kharge Skip Red Fort Event Again As Congress Flags Threats To Democratic InstitutionsPM Modi From Red Fort: India’s Self-Reliance Push, Semiconductor Boom And Manufacturing SurgePM Modi From Red Fort On 80th Independence Day: ‘India Must Dream Big And Move Forward’79 Years Of Freedom: What Do Indians Really Want From Their Country, Leaders And Democracy Now?123PhotostoriesYour walk changes after 60, but is it really ‘normal ageing’? What a shuffle, sway or slower step could be telling you7 Foods to eat in the morning for better digestion and easier bowel movementsWant a better relationship with your parents? 8 simple tips every teenager should try10 baby girl names inspired by ancient flowersOptical illusion personality test: What you see first reveals your most irritating personality traitForget Medu Vada: 7 South Indian snacks that are worth a try with filter coffeeWhat happens when you rub lemon on dishes and cutlery? The real chemistry behind this kitchen hackMonsoon food poisoning: 7 everyday foods that can look safe but turn risky because of water, humidity and poor storageAbhishek Malhan’s luxurious mansion: A private swimming pool, home theatre, private lifts and moreTrisha Krishnan keeps it classic in a mustard saree as she attends CM Vijay’s first Independence Day ceremony123Hot PicksMartin Luther King JrRajasthan UCCDelhi trafficJharkhand protestEast Coast Railway GDCE recruitmentMP Class 10, 12 timetableIran warKarnataka bandhUP NEET UG counsellingTop TrendingOil Prices TodayIndiGo Fight CancelledDelhi High Court Bomb ThreatAmbala Sikh Community ProtestManan KumarVirender Singh BasoyaJP NaddaWeather TomorrowBengaluru RapidoAbhijeet Dipke
NEW DELHI: PM Narendra Modi Saturday said that the world has virtually junked globalisation, and underlined the need for India to move towards building a strong manufacturing base and being part of the global value chain, while reaffirming his commitment to reforms.Hitting out at his critics who had attacked govt’s push for self-reliance , PM said: “…Resources such as petrol, diesel, fertilisers, medicines and technology chips are being weaponised..And at such a time, if we had not moved in the right direction for the past decade, guided by the mantra of self-reliance, then we can imagine how we would have faced such challenges strongly.”The comments seemed to refer to the recent closure of the Strait of Hormuz as well as several export restrictions imposed by China and the US, among others.Amid his comments on inward-looking policies across the globe, prime minister Modi sought to position India as an open economy, which was signing a slew of trade deals, and urged businesses and agriculture sector to tap the opportunity offered by these agreements.
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“…today India’s profile is rising significantly. Today, India is becoming an accepted and respected country for the world. India possesses a stable political mandate and a stable government, a vibrant democracy, a robust judicial system and the Constitution of India that guides us all; and now the world has started recognising our strength. And so, after 2014, we have been entering into FTAs with nearly 40 countries ...these trade agreements that have been made are a huge opportunity, and hence I would especially like to tell my MSMEs that we should not miss this opportunity….every product of India should reach the world market; whether it is our textile, our machinery, our medicines, we must not miss any opportunity and must cross the global parameters. We need to offer products that are superior in quality and affordable than what is currently available worldwide.”