Vice-President lauds Uttar Pradesh’s Transformation into ‘Uttam Pradesh’

Vice-President of India, Jagdeep Dhankhar today stated that Bharat is now one of the most buoyant economies in the world and a favorite destination for global investment. Delivering the inaugural address at the 2nd edition of the Uttar Pradesh International Trade Show 2024, held in Greater Noida today, Shri Dhankhar highlighted, “Today, Bharat is a near $4 trillion economy that has 8% growth prospects for decades to come. India is now a global happening place and Uttar Pradesh, the state bubbling with activity”.

Praising the country’s infrastructure development, Dhankhar cited  addition of 8 new airports annually, rapid expansion of metro systems, and the daily construction of 28 kilometres of highway. Dhankhar pointed to the 12 new industrial zones taking shape under Prime Minister Modi’s leadership, which will boost manufacturing and position India to capitalize on emerging technologies like AI, electric mobility, and semiconductors.

The Vice-President emphasized the significant advancements in India’s infrastructure, stating, “We now have the world’s second-largest metro network, and the number of cities with airports has doubled from 70 to 140. India is the largest connected nation globally, with over 800 million broadband users.” He further highlighted the impact of digital technologies, which have enabled housing for 170 million people, health coverage for 60 million, and loans for 58 million small businesses annually.

“In terms of digital financial transactions, India records the highest globally, with 13 billion transactions per month. Additionally, we boast the world’s third-largest startup ecosystem, featuring 117 unicorns and the third-largest purchasing power in the world,” he noted.

Dhankhar also underscored the importance of the semiconductor industry, stating, “This industry, which is critical to our growth, is projected to surpass $55 billion by 2026. I have no doubt this century belongs to Bharat”, he noted.

Additionally, the Vice-President highlighted Bharat’s remarkable leap from “Make in India” to “Conceptualize, Design, and Make in India.” He noted that India is now engaged in its own concept evolution, with both multinational corporations and Indian companies adopting a synergetic stance.