Prime Minister Narendra Modi made a rousing speech from the ramparts of the Red Fort on the occasion of the 79th Independence Day. His address depicted the aspirations of a ‘Naya Bharat’, in line with the theme of this year’s celebrations.
From the push for self-reliance to announcing major schemes, here are the eight big announcements made by the prime minister on Friday:
- Semiconductors
Recalling how attempts to set up semiconductor factories 50–60 years ago were “killed at birth” while other nations prospered, PM Modi announced that India is now in mission mode. By the end of this year, the nation will roll out its first Made in India chip.
- Nuclear Energy Capacity to Grow Tenfold by 2047
Work is underway on 10 new nuclear reactors as part of India’s mission to increase nuclear power generation capacity by over ten times in the next two decades.
- GST Reforms
Next-generation GST reforms will be unveiled on Diwali, reducing taxes on essential goods and providing relief to MSMEs, local vendors, and consumers.
- Reform Task Force for a $10 Trillion Bharat
PM Modi announced the creation of a dedicated Reform Task Force to drive next-generation reforms. Its mandate: accelerate economic growth, cut red tape, modernise governance, and prepare Bharat for the demands of a $10 trillion economy by 2047.
- Rs 1 Lakh Crore PM Viksit Bharat Rozgar Yojana
PM Modi launched a major employment scheme worth Rs 1 lakh crore, under which newly employed youth will receive Rs 15,000 per month. The scheme aims to benefit 3 crore young Indians, strengthening the bridge from Swatantra Bharat to Samriddha Bharat.
- High-Powered Demography Mission
PM Modi highlighted the dangers of demographic imbalance due to infiltration and illegal migration in border areas. He announced the launch of a High-Powered Demography Mission to address this national security challenge, ensuring the unity, integrity, and rights of India’s citizens are safeguarded.
- Energy Independence – Samudra Manthan Begins
PM Modi pointed out that a large share of India’s budget still goes toward importing petrol, diesel, and gas. He announced the launch of the National Deepwater Exploration Mission to tap ocean resources, alongside major expansions in solar, hydrogen, hydro and nuclear power.
- Made in India Jet Engines
PM Modi made a dramatic announcement that just like how we made vaccines during COVID, and UPI for digital payments, we should build our own jet engines too for our jet engines and asked our scientists and youth to take it up as a direct challenge.