January 31, 2025: As the Budget Session of the Indian Parliament kicks off, President Droupadi Murmu addressed the nation with a message of optimism and economic growth. She highlighted that India is on track to become the third-largest economy globally, reinforcing the country’s position as a key player in the world’s financial landscape.
Speaking to lawmakers, President Murmu emphasized the significant strides India has made in recent years, particularly in sectors like technology, manufacturing, and services. She credited these developments as key drivers in helping India move closer to surpassing major economies such as Japan and Germany.
India Set to Become Third-Largest Global Economy, Says President Murmu
India’s potential to secure the third spot in global rankings is not only a testament to its robust economic policies but also to the resilience of its people and businesses. The president also lauded the government’s focus on infrastructure, innovation, and sustainable growth, which are expected to propel India’s economic journey forward.
Highlights of President Droupadi Murmu’s Joint Parliament Address Ahead of Budget Session 2025
- Historic Steps for National Security: President Murmu emphasized significant steps taken by the government to safeguard the country’s borders and enhance internal security, including strides toward self-reliance in the defense sector. She highlighted the transition from ‘Make in India’ to ‘Make for the World’.
- Economic Growth Vision: India is on track to become the third-largest economy globally, with substantial progress in various sectors as the Budget Session commences.
- Healthcare Initiatives: The establishment of 1.75 lakh ‘Arogya Mandirs’ across the country aims to provide accessible healthcare services. Additionally, the government has waived custom duties on several cancer medicines to address rising cancer cases.
- Metro Rail Milestone: India’s metro rail network has surpassed the 1000-kilometre mark, making it the world’s third-largest metro network.
- Aviation Sector Growth: The aviation sector is thriving, with airlines ordering 1,700 new aircraft, showcasing rapid expansion.
- Kashmir to Kanyakumari Railway Link: The completion of the Udhampur-Srinagar-Baramulla rail link marks a significant achievement, enabling rail connectivity from Kashmir to Kanyakumari.
- Cybersecurity and Digital Safety: Efforts to enhance cybersecurity are ongoing, with a focus on tackling digital fraud, cybercrime, and emerging threats like DeepFake.
- Digital Technology Leadership: India is gaining recognition globally for its digital technology advancements, particularly with the success of the UPI transaction system, which has garnered praise from developed nations.
- Support for MSMEs and E-Commerce: The government’s Credit Guarantee Scheme for MSMEs and e-commerce export hubs is fostering business growth across sectors.
- India as an Innovation Hub: The launch of the India AI Mission underscores the country’s goal of becoming a global innovation powerhouse, particularly in artificial intelligence.
- Youth Empowerment: President Murmu praised India’s youth for excelling in diverse fields, from startups to sports and space, highlighting India’s leadership in AI and technology adoption.
- Women’s Empowerment: She celebrated the increasing participation of women in the armed forces, police, and corporate leadership, alongside their success in international sports, including Olympic achievements.
- Women-Led Development: The government’s focus on women-led development aims to create 3 crore ‘Lakhpati Didis’ (prosperous women).
- Commitment to Middle-Class Housing: President Murmu reiterated the government’s commitment to fulfilling the middle class’s dream of owning a house.
- Condolences on Maha Kumbh Incident: Expressing her condolences for the accident during the Maha Kumbh, she wished for the speedy recovery of the injured.
- Youth Education and Employment: A special emphasis on improving youth education and generating new employment opportunities.
- One Nation, One Election & Waqf Amendment Bill: The government is working towards implementing ‘One Nation, One Election’ and has introduced the Waqf Amendment Bill.
- Constitutional Tribute: Reflecting on 75 years of adopting the Indian Constitution, President Murmu paid tribute to Dr. B.R. Ambedkar and the Constitution Committee.
- Support for Tribal Communities: The government launched the ‘Dharti Aaba Janjatiya Gram Utkarsh Abhiyan’, a welfare initiative aimed at improving the lives of 5 crore people in tribal society.
The announcement is timely, as the nation prepares for the presentation of the Union Budget 2025, which is expected to lay out further strategies for boosting economic growth, enhancing digital transformation, and promoting green energy. As the world watches India’s progress, the country is clearly on the path to reshaping global economic dynamics.
With global economies grappling with challenges, India’s rise as a powerful economic force underscores its growing influence and leadership role on the world stage.