Text of PM’s address during the centenary celebrations of Shri Ram College of Commerce (SRCC)
Prime Minister Narendra Modi addressed the centenary celebrations of Shri Ram College of Commerce (SRCC), highlighting the institution's 100-year journey and the achievements of its alumni. He contrasted the economic and security challenges of 2013, when India was counted among the 'Fragile Five', with the country's current growth, dynamic policies, and strong manufacturing sector. He emphasized the government's decisive actions in defense production, financial inclusion via Jan Dhan Yojana, and rapid railway electrification, urging youth to aim for global leadership in consulting, technology, and industry.
Why It Matters
This speech is relevant for competitive exam current affairs, questions regarding economic growth statistics (e.g., 7.8% quarterly growth, credit rating updates), key government schemes like Jan Dhan Yojana, and developments in India's defense manufacturing and infrastructure.
In Simple Words
Prime Minister Narendra Modi celebrated the 100th anniversary of Shri Ram College of Commerce (SRCC) by reflecting on its history and successful alumni. He compared India's difficult situation in 2013—marked by high inflation, policy paralysis, and inclusion in the 'Fragile Five'—with today's robust economy, 7.8% quarterly growth, and rising global standing.
Highlighting reforms such as the Jan Dhan Yojana, massive defense manufacturing growth, and rapid railway electrification, the Prime Minister encouraged students to pursue bold ambitions. He urged the younger generation to build global companies, innovate in technology, and contribute actively to making India a developed and self-reliant nation.
Key Points
- SRCC is celebrating its centenary (100 years).
- In 2013, India was considered part of the 'Fragile Five' with high inflation and policy paralysis.
- India's recent quarterly economic growth was recorded at 7.8%.
- Jan Dhan Yojana has led to the opening of nearly 60 crore new bank accounts over 12 years.
- India's defense production is close to 2 lakh crore rupees, with exports reaching nearly 40,000 crore rupees.
- Mobile phone exports from India have crossed 2.5 lakh crore rupees.
- Railway line electrification reached nearly 100 percent in 12 years compared to less than 30 percent in the preceding 90 years.
- The Prime Minister mentioned the concept of P2G2 (Pro-People Good Governance).
Exam Angle
A. Nearly 40,000 crore rupees
Source: Press Information Bureau