Self-reliance and Swadeshi are the basic principles in the journey of economic development: President of the Republic

President Droupadi Murmu has termed self-reliance and Swadeshi as the basic principles of the country's development while appreciating the country's continuous economic growth despite the global uncertain situation.
Ms. Murmu said in her address to the nation on the eve of Republic Day on Sunday that India is the world's fastest-growing major economy. Despite the global uncertainty, the country is witnessing continuous economic growth. She said, "We are moving forward towards achieving the goal of becoming the world's third-largest economy in the near future." She further said that by investing in the construction of world-class infrastructure, the country is rebuilding its economic structure at a higher level. Self-reliance and Swadeshi are our basic principles in the journey of building economic destiny.
President Murmu, while terming the Goods and Services Tax (GST) as the most important decision for the country's economic integration after independence, said that it has established a "one country, one market" system. Referring to the next-generation reforms made in the GST last September, she said that the recent decision to make the GST system more efficient will further strengthen our economy.
Ms. Murmu, while referring to the four new codes in the field of labor reforms, said that it will benefit the working class and also give impetus to industrial development. Highlighting the role of youth in the country's development, President Murmu termed the youth as the flag-bearer of the nation's development journey.
She said that an experienced education system driven by technology, 'Mera Yuva Bharat', connects the youth with opportunities available in various fields, including leadership and skill. Giving credit to young entrepreneurs for the success of start-ups in the country, she said that due to policies and programs based on the aspirations of the young generation, the country's development will gain momentum.
She expressed confidence that the power of the youth will play a key role in building 'Viksit Bharat' (developed India) by 2047. President Murmu, while referring to the country having the world's largest youth population, appreciated the "infinite potential" of the youth. She said, "Our young entrepreneurs, players, scientists, and professionals are bringing new energy to the country and making their mark globally."
She said that by emphasizing good governance based on mutual trust, the distance between the government and the common people is being continuously reduced. Many unnecessary laws have been repealed, several compliance barriers have been removed, and the system has been simplified in the interest of the common people.
She said that the government is prioritizing ease of living with the aim of making everyday life better. Ms. Murmu said that during the last decade, an attempt has been made to achieve national goals through people's participation. Important national campaigns have been given the shape of public movements. Local institutions have been made a vehicle for progressive change in villages and cities.
She, while terming the building of a developed nation as the collective responsibility of all compatriots, said that society has infinite power. When the efforts made by the government get active support from society, revolutionary changes take place. Giving the example of digital payments, she said that people have adopted it on a large scale. Today, more than half of the world's digital transactions take place in India.
From buying goods from a small shop to paying auto-rickshaw fares, the use of digital payments has become an inspiring example for the global community. She expressed hope that compatriots will participate actively in achieving other national goals in a similar manner.