New Delhi: Prime Minister Narendra Modi on Saturday said the country will ensure 'ease of doing business' for its youth while they should work for providing 'ease of living' to people, particularly the poorest of the poor, through innovations.
Addressing the 51st annual convocation of IIT Delhi via video conferencing, he said that the post-COVID-19 world is going to be very different and technology will play the biggest role in it.
COVID-19 has taught the world that globalisation is important but self-reliance is equally important, the prime minister said.
"India is fully committed to give its youth ease of doing business so that the youth through their innovation can bring about a change in the lives of crores of people of the country," Modi said addressing the graduating students of IIT Delhi.
"The country will give you the ease of doing business but you do one thing, through your expertise, experience, talent and innovation...ensure ease of living for the poorest of the poor citizens," he said.
Modi also urged the graduating students to focus on quality, never compromise, and make their innovations work at a mass scale.
"Your work will give global recognition to our products. Your efforts will lead to swifter recognition of Indian products," Modi told the students, calling them the best brand ambassadors of Brand India.
The nation has seen how technology can provide good governance and reach the poor and the needy in the last few years, he said.
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Technology has made last-mile delivery of services efficient and reduced the scope of corruption, the prime minister said.
"The reforms done in several sectors in recent days are also done with the same intent. For the first time, unlimited opportunities are open for innovation and startups in the agriculture sector. For the first time, the roads are open for private investment in space sector. Just two days ago, a big reform was made for ease of doing business in BPO sector," he said.
He also highlighted that such provisions which disallowed work from home and work from anywhere in the tech industry have been removed to make the information technology (IT) sector competitive globally and provide young talent with more opportunities.
He said that the government is making decisions based on the needs of the industry and future into account.
"The rules of the last century cannot decide the future of coming century," PM Modi said and added that India is among those countries where corporate tax is among the lowest.
He further said that after the Startup India mission was launched, over 50,000 new startups were started in the country.
"It is due to the government's efforts that the number of patents has increased four times. Trademark registration has also seen a five-fold increase. Along with fintech, agro, defence, and startups associated with the medical sector are also growing. I have faith that in the coming one or two years the numbers will further increase," he said, adding that the passing batch today might give new energy to those startups in the coming days.
WITH INPUTS FROM AGENCIES
