Prime Minister Narendra Modi graced the opening ceremony of RBI@90, a landmark event celebrating the 90-year journey of the Reserve Bank of India (RBI), in Mumbai, Maharashtra. In his address, PM Modi underscored the central bank’s pivotal role in the nation’s progress towards a ‘Viksit Bharat’ or Developed India.
“The next decade is extremely important for the resolutions of a Viksit Bharat,” PM Modi stated, emphasizing the RBI’s commitment to rapid growth, trust, and stability. His remarks highlighted the central bank’s crucial role in steering the nation towards a prosperous future.
The Prime Minister also spoke about the comprehensive nature of the government’s reforms. He outlined the government’s strategy of recognition, resolution, and recapitalization, which has been instrumental in addressing the challenges faced by the economy.
Recognition involves identifying the issues that hinder economic growth. Resolution refers to the process of finding solutions to these problems. Recapitalization, on the other hand, involves infusing capital to stimulate growth and development.
PM Modi’s presence at the RBI@90 event underscores the government’s acknowledgment of the RBI’s significant contributions to India’s economic landscape. The event served as a platform to reflect on the RBI’s past achievements and envision its role in shaping a prosperous and ‘Viksit Bharat’.
As the RBI embarks on its next decade of service, the words of PM Modi serve as a guiding light, highlighting the importance of fast-paced growth, trust, stability, and comprehensive reforms in achieving a ‘Viksit Bharat’.
