- Saturday, July 27, 2024
The PM also highlighted the emergence of a new aspirational middle class in India, characterised by rising incomes which is bolstering the automobile sector.
By: Shubham Ghosh
INDIAN prime minister Narendra Modi on Friday (2) underscored the pivotal role of the mobility sector in propelling India towards its vision of becoming a developed nation by 2047. Speaking at the Bharat Mobility Global Expo at the Bharat Mandapam in Pragati Maidan, New Delhi, he said the country is poised to ascend as the world’s third-largest economy during his government’s third term, a testament to the nation’s economic advancement.
Additionally, he highlighted the emergence of a new aspirational middle class in India, characterised by rising incomes. The prime minister emphasised that the economic growth and increase in income would significantly bolster the automotive sector, thereby fostering overall economic development across India.
Speaking at the Bharat Mobility Global Expo. It brilliantly showcases India's prowess in the automotive sector. @bharat_mobility https://t.co/jsrg6bbMQy
— Narendra Modi (@narendramodi) February 2, 2024
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The expo, spanning three days from February 1 to 3, serves as a grand platform showcasing a diverse array of innovative technologies and upcoming vehicles, offering a glimpse into the future of the automotive industry. It was also attended by federal ministers such as road transport and highways minister Nitin Gadkari; petroleum minister Hardeep Singh Puri; commerce and trade minister Piyush Goyal and other dignitaries from the mobility industry from India and abroad.
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Modi also unveiled on the occasion the rooftop solar scheme in which he envisions a future where individuals charge their vehicles using rooftop solar power, aligning with the global trend towards sustainable energy sources.
This visionary outlook is reinforced by the ‘Pradhan Mantri Suryodaya Yojana,’ unveiled on January 22, wherein the government commits to providing financial assistance to 10 million households for the installation of rooftop solar power systems.
This announcement also follows closely after Indian finance minister Nirmala Sitharaman’s pre-election budget presentation, where she introduced a scheme aimed at promoting rooftop solarisation and providing free electricity to 10 million households.
