Shri. Ram Madhav’s address to a delegation from Harvard Business School
It is an honour to address the delegation of the prestigious Harvard Business School. I represent the ruling political party in India, the Bharatiya Janata Party. Under Prime Minister Shri Narendra Modi’s leadership the economic climate in the country is changing fast and is coming out of the cold; there are definite signs of revival. The previous regime was unable to tackle high inflation, which has resulted in low growth.
Prime Minister Shri Narendra Modi and his team are determined to chart a new course on the economic front with a firm focus on growth and containment of inflation. Restoring investor confidence remains the priority of this Government. We are all looking forward to the Indian Government’s next budget which is slated to be tabled in 6 weeks from now.
I can assure you that the budget will bring cheers for India as well as for the world. As India’s markets remain underexploited, our focus will be to ensure an investor friendly atmosphere. Prime Minister Shri Narendra Modi is also committed to removing redundant laws that are hampering growth. In fact the Government has taken up removal of useless laws on a mission mode.
Today, 95% of India’s population has been covered by the banking net, that in itself is a big achievement. Almost 10-12% of the population did not have access to banking till a few months ago; today we aim to connect the last man in the village to the Indian economy through banks. Through some of these measures we are hopeful that India will definitely grow strong as an economy.
I will end by narrating an experience of mine during my visit to the Kennedy School of Governance in Boston in 2008. I met a group of scholars who apprised me of a project they were working on. It was to study what they called as the Bihar Model; a model in which the then Chief Minister was doing everything possible to destroy the economy his state, yet he was popular enough to continuously getting reelected. That was the so-called Bihar Model.
Today I invite scholars like you to come and study the Indian Model under Prime Minister Shri Narendra Modi wherein we are aspiring to build a strong economy and thereby get reelected to govern India effectively.