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‘H.O.P.E’ describes India’s success, says PM Narendra Modi to Durban

There are around 1.2 million people of Indian origin in South Africa, most of whose ancestors were brought here as indentured labour

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  • ‘Hope’, where H stands for harmony, O for optimism, P for potential and E for energy; describes India’s success story, said Modi
  • There are around 1.2 million people of Indian origin in South Africa, most of whose ancestors were brought here as indentured labour
  • India registered a healthy growth rate of 7.4 percent this year, 2016, he said it was the bright spot in the global economy

Prime Minister Narendra Modi, on Friday, July 8, called South Africa the birthplace of satyagraha and said it was in South Africa that Mahatma Gandhi conceptualized his politics.

“India’s rise is a story of rare resilience, renewed resurgence, superb speed and spectacular scale,” Modi said in his trademark Indian diaspora rally at the Ticketpro Dome, the entertainment hub of Johannesburg.

“Today, India’s success story can be defined in just four letters, ‘hope’, where H stands for harmony, O for optimism, P for potential and E for energy,” he said to the cheers of over 11,000 people.

“The credit for this does not go to Modi but to the 1.25 billion people of India.”

Modi started his speech with a mixture of English and Hindi.

“When I see all of you, I am reminded of your ancestors and their struggles and bravery,” he said.

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“Under decades of apartheid isolation, they not only preserved culture, tradition, and language, they also gave them new wings to flourish,” he stated.

“The beauty of Hindi, Tamil, Gujarati, Urdu and Telugu continues to enrich the fabric of South African society.”

There are around 1.2 million people of Indian origin in South Africa, most of whose ancestors were brought here as indentured labour.

This apart, there are also estimates of 15,000 to 20,000 Indian nationals and professionals who are new immigrants.

“The colours of Holi, the sparkle of Diwali, tastes of Pongal, and festivities of Eid are not just the rainbow of Indian traditional cultural resources,” Modi said wearing a Madiba shirt, an Indonesian batik shirt that was a favourite with late anti-apartheid icon Nelson Mandela.

He reminded the crowd that after international sanctions were lifted on cricket in South Africa on July 10, 1991, India was the first country that the South African team toured.

Modi urged the people to join in India’s growth story.

“India is a land of opportunity for those who want to innovate and create, trade and invest,” he said.

Prime Minister Narendra Modi Image Source: vpaksh.com
Prime Minister Narendra Modi
Image Source: vpaksh.com

“Come, see the transformation that is taking place in India.”

Stating that India registered a healthy growth rate of 7.4 percent this year, 2016, he said it was the bright spot in the global economy.

The Prime Minister said India and South Africa have similar aspirations and challenges.

“India and South Africa are strategic partners. We should build a partnership that spans the entirety of human endeavour,” he said.

According to Modi, this partnership can scale new heights in diverse fields “from agriculture to health care, from culture to commerce, from industry to institution building, from investment to information technology, from mining to manufacturing from sports to science and technology, and from defence to development”.

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“As South Africa works for economic prosperity, safety and security, it will find in India a trusted and reliable partner,” he stated.

The Prime Minister concluded by saying that the Indian community in South Africa was a window to India’s heritage.

“Your achievements, your contributions, and your success make us all proud,” he said.

India and South Africa signed four agreements on Friday following bilateral discussions led by Modi and South African President Jacob Zuma in Pretoria.

Following the diaspora rally, the Prime Minister left for Durban where his engagements were scheduled for Saturday, July 9.

Modi arrived in South Africa from Mozambique on Thursday night, July 7, on the second leg of his four-nation tour of Africa.

This is his first visit to mainland Africa and is also the first prime ministerial visit from India to South Africa since then Prime Minister Manmohan Singh arrived in 2013 for the G20 summit in Durban.

Prime Minister Modi is set to visit Tanzania and Kenya after the South African visit. (IANS)

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Big reforms made India fastest growing major economies globally: Garg

It also has enormous implications for emerging markets and developing countries

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The RBI building in Mumbai. Photo credit: AFP/Sajjad Hussain

The major reforms undertaken by the Indian government for raising economic growth and maintaining macroeconomic stability have made the country one of the fastest growing major economies in the world, said Subhash Chandra Garg, Secretary, Department of Economic Affairs (DEA).

Garg was addressing the Special Event hosted by US-India Strategic Partnership Forum on ‘Indian Economy: Prospect and Challenges’ in Washington D.C on Friday.

Indian economy needs big reform.

He said the launch of the Goods and Services Tax (GST) represented an “historic economic and political achievement, unprecedented in Indian tax and economic reforms, which has rekindled optimism on structural reforms.” He further emphasized that India carried-out such major reforms when the global economy was slow.

“With the cyclical recovery in global growth amid supportive monetary conditions and the transient impact of the major structural reforms over, India will continue to perform robustly,” Garg said.

During his meetings, Garg highlighted that the digital age technologies have profound implications for policies concerning every aspects of the economy. It also has enormous implications for emerging markets and developing countries.

Also Read: Biggest Bank Frauds Which Shook The Indian Economy

He expressed that the response to such a transformation will have to shift from ‘catch up’ growth to adoption/adaption of digital technologies for development and growth.

Garg also informed that India has started adopting policies and programmes for transforming systems of delivery of services using digital technologies and connecting every Indian with digital technologies and access through Aadhaar and other such means.

Indian economy should be on rise. www.mapsofindia.com

While citing the example of expanding mobile data access, he mentioned that India is now the largest consumer of mobile data in the world with 11 gigabytes mobile data consumption per month. He informed that India is investing in digital technologies, encouraging private sector to adapt these technologies and also addressing the taxation related issues by introducing equalisation levy.

Garg is currently on an official tour to Washington D.C. to attend the Spring Meetings of the International Monetary Fund and the World Bank and other associated meetings. He is accompanied by Urjit Patel, Governor, Reserve Bank of India and other senior officials. IANS