India has a chance to rise again as a global economic power: Modi
Updated: Sep 22, 2014 12:30:34pm
New Delhi, Sept 22 (KNN) Prime Minister Narendra Modi is hopeful that India has a chance to rise again as a global economic power. He also said that the GDP of India and China have risen and fallen in parallel.
In an interview to CNN, Modi said, "This is a country that once upon a time was called 'the golden bird'. We have fallen from where we were before. But now we have a chance to rise again".
Further, he said that India can match with China and he has a "clear roadmap" to channelise the entrepreneurial capabilities of her 1.25 billion people.
In the last five or ten centuries, India and China have grown at similar paces, said the Prime Minister.
"Their contributions to global GDP have risen in parallel, and fallen in parallel. Today's era once again belongs to Asia. India and China are both growing rapidly, together," he said.
Speaking on whether India can achieve the 8 per cent and 9 per cent growth rates that China has done consistently, Modi said he had a lot of faith in the entrepreneurial nature of India's 1.25 billion people and that he has "a clear road-map to channel it".
"This is an era of partnership. Look at how it (China) has focused on economic development. It's hardly the sign of a country that wants to be isolated," he further said.
Ahead of his visit to the US, Modi said it was possible for the US and India to develop a genuinely strategic alliance. "There are many similarities between the US and India," he said.
Though there have been ups and downs in the India-US relationship, "from the end of the 20th Century to the first decade of the 21st Century, we have witnessed a big change," he said. "Our ties have deepened. India and the USA are bound together, by history and culture. These ties will deepen further." (KNN/SD)
In an interview to CNN, Modi said, "This is a country that once upon a time was called 'the golden bird'. We have fallen from where we were before. But now we have a chance to rise again".
Further, he said that India can match with China and he has a "clear roadmap" to channelise the entrepreneurial capabilities of her 1.25 billion people.
In the last five or ten centuries, India and China have grown at similar paces, said the Prime Minister.
"Their contributions to global GDP have risen in parallel, and fallen in parallel. Today's era once again belongs to Asia. India and China are both growing rapidly, together," he said.
Speaking on whether India can achieve the 8 per cent and 9 per cent growth rates that China has done consistently, Modi said he had a lot of faith in the entrepreneurial nature of India's 1.25 billion people and that he has "a clear road-map to channel it".
"This is an era of partnership. Look at how it (China) has focused on economic development. It's hardly the sign of a country that wants to be isolated," he further said.
Ahead of his visit to the US, Modi said it was possible for the US and India to develop a genuinely strategic alliance. "There are many similarities between the US and India," he said.
Though there have been ups and downs in the India-US relationship, "from the end of the 20th Century to the first decade of the 21st Century, we have witnessed a big change," he said. "Our ties have deepened. India and the USA are bound together, by history and culture. These ties will deepen further." (KNN/SD)
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