Prime Minister Narendra Modi was present at the opening ceremony of RBI@90, a significant event marking the 90th anniversary of the Reserve Bank of India (RBI), in Mumbai, Maharashtra. In his address, PM Modi emphasized the central bank’s crucial role in India’s journey towards becoming a ‘Viksit Bharat’ or Developed India.
“The next decade is extremely important for the resolutions of a Viksit Bharat,” PM Modi declared, highlighting the RBI’s commitment to fostering rapid growth and maintaining trust and stability in the economy. His remarks underscored the central bank’s integral role in guiding the nation towards a prosperous future.
PM Modi also shed light on the comprehensive nature of the government’s economic reforms. He outlined the government’s strategic approach of recognition, resolution, and recapitalization, which has been key in addressing the economic challenges faced by the country.
Recognition involves identifying the economic issues that need to be addressed. Resolution refers to the process of devising solutions to these identified problems. Recapitalization involves injecting capital to stimulate economic growth and development.
PM Modi’s participation in the RBI@90 event signifies the government’s recognition of the RBI’s substantial contributions to India’s economic progress. The event served as a platform to reflect on the RBI’s past accomplishments and to envision its future role in shaping a prosperous and ‘Viksit Bharat’.
As the RBI steps into its next decade of service, PM Modi’s words serve as a beacon, emphasizing the importance of rapid growth, trust, stability, and comprehensive reforms in realizing a ‘Viksit Bharat’.
