Desi semiconductors, jet engines among Modi's bold announcement for New India
GST
Dated:- 15-8-2025
PTI
New Delhi, Aug 15 (PTI) From making India's first semiconductor chip to building jet engines and a 10-fold nuclear power expansion, Prime Minister Narendra Modi's bold announcements on the 79th Independence Day aim to put the country on the path of becoming a developed nation by 2047.
Addressing the nation from the ramparts of the Red Fort here, Modi recalled how attempts to set up semiconductor factories 50-60 years ago were “killed at birth” while other nations prospered.
“India is now on mission mode. By the end of this year, the country will roll out its first Made in India chip,” the prime minister said.
He said India'
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be unveiled on Diwali, reducing taxes on essential goods and providing relief to MSMEs, local vendors and consumers,” he said.
Modi also announced the creation of a dedicated Reform Task Force to drive next-generation reforms to accelerate economic growth, cut red-tapism, modernise governance and prepare India for the demands of a USD 10 trillion economy by 2047.
He also launched an employment scheme worth Rs 1 lakh crore, under which newly-employed youngsters will receive Rs 15,000 per month.
The scheme aims to benefit three crore young Indians, strengthening the bridge from Swatantra Bharat to Samriddha Bharat.
Modi also highlighted the dangers of a demographic imbalance due to infiltration and illegal migration in border areas.
He a
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