In Indian history, our nation has come across a situation, all at a time, an ascending economic trajectory, continuously rising foreign exchange reserves, increasing domestic investment with investors’ confidence rising steadily, global successes of Indian managerial and entrepreneurial talents, global recognition of technological competence, energy of 540 million youth, umbilical connectivities of more than 25 million people of Indian origin in various parts of the planet and the interest shown by many developed countries to invest in our engineers and scientists through setting up of new Research and Development Centres in India. The distinction between the public and the private sectors and the illusory primacy of one over the other is vanishing. Also, there is a trend that many young people are opting for creating new enterprises instead of being mere employees.
Providing leadership for the one billion people with multi-cultural, multi-language and multi-religious backgrounds is indeed the core competence of our nation. Our technological competence and value systems with civilisational heritage are highly respected by the world community. Also, Foreign Institutional Investors find investing in India attractive as the returns are high and assured. Indian industrialists are also investing abroad and opening new business ventures. Our Gross Domestic Product which stands at U.S. $ seven hundred and twenty nine billion is poised to grow at 10 percent annually which along with various other concurrent actions, will enhance the welfare of farmers, workers, professionals and unleash creativity of entrepreneurs, business persons, scientists, engineers and all other constituents of society. Today due to the open sky policy and competitiveness air travel has become affordable for the growing middle class. The Railways have introduced many improvements and people can book tickets through Internet. The revolution in travel has not only connected people but also boosted tourism and the economy. Tele-density in the country has gone up to 18 percent. Mobile telephones are reaching the common man and serving their needs. The One India Plan has made calling across the country easy and affordable. Our ICT sector is exporting more than U.S. $ twenty four billion and the Indian Pharma industry is ranked 4th in the world and exports nearly U.S. $ four billion of products. Our U.S. $ Forty four billion automobile industry is growing at the rate of 17 percent per annum. Our total exports in the last 8 months has crossed U.S. $ Eighty billion.
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