Modi appealed to state governments to intensify support for domestic manufacturing and attract investment, framing swadeshi not just as a patriotic choice but as an economic imperative. He underscored the pivotal role of micro, small and medium enterprises (MSMEs) in achieving this vision. “I have a lot of expectations from MSMEs. They were key contributors to the economy during India’s golden years. We need to return to that age,” he said.
The Prime Minister urged MSMEs to aim for globally competitive quality and innovation, positioning them as vital engines of India’s economic growth. He reinforced that the government’s economic reforms are geared toward empowering these sectors, particularly through landmark tax reforms under the Goods and Services Tax (GST).
Highlighting GST’s impact, Modi asserted that the unified tax regime is bolstering the economy while benefiting everyday consumers. “Our shopkeepers are happy to pass on these gains to consumers. We must follow the spirit of Nagrik Devo Bhava, and GST reforms reflect this,” he stated.
He credited the GST overhaul with resolving long-standing federal disputes and simplifying the tax system. “This reform has been done keeping in mind the future needs of the nation,” he said, noting that the system now operates on just two rates—5 percent and 18 percent. He projected that citizens would save Rs 2.5 lakh crore this year as a result.
Framing Atmanirbharta, or self-reliance, as central to building a Viksit Bharat (developed India), Modi called for ramped-up domestic production of goods the country is fully capable of making.
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2. PM Modi urges MSMEs to lead India’s rise through swadeshi and next-gen GST reforms
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5. PM Modi: Embrace Made in India, simplify taxes, and power India’s Atmanirbhar journey
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