Now his task is to make India also investor friendly and for
this purpose he has announced Vibrant India Investment
Conference - on the lines of Vibrant Gujarat - in November this
REPRESENTATION IN RAJYA SABHA: Overseas Indians send no less
than 70 billion dollars annually to India and take a very keen
interest in what’s going on in India.
It is high time that the diaspora was represented by at least
two members in the Rajya Sabha appointed by the government.
SUPPORT: Strong support for all overseas Indians has been
promised by the prime minister.
This is most welcome.
Now overseas Indians hope that a strong India will support
them and boost their morale when they face a crisis in their
countries of residence and also help them.
During the 2014 election campaign in India, Modi made a
historic statement for all overseas Indians during a long TV
He clearly said that if he is elected, he would strongly
support all overseas Indians in every manner.
All overseas Indians, no matter what passport they hold, can
come and settle in India.
This stems from the strong support from overseas Indians for
his campaign. Now it’s time to walk the talk.
MINISTRY: The Ministry of Overseas Indian Affairs (MOIA)
needs an overhaul to become more responsive and pro-active with
The new minister, Sushma Swaraj, announced greater
coordination between MOIA and the Ministry of External Affairs
since she heads both of them.
The annual Pravasi Bharatiya Divas conference should get a
shot in the arm and attract many more overseas Indians as it
will be held in Gujarat next year.
ECONOMY: Modi has taken over the reins of an economy growing
at 4.7 per cent.
This is a lot lower than eight per cent growth India enjoyed
His government aims to reach nine per cent growth during his
To achieve this high growth rate, the new government will
require rapid infrastructure development and modernization of
air, rail, road and sea transport; reduce fiscal deficit from
4.5 per cent to less than three per cent, increase revenue,
boost investment, tax reform and a host of other measures.
He has clear plans to start this exercise but the initial
reforms mean some harsh measures or bitter medicine. Coupled
with dramatically improving governance, implement efficiency in
the civil service and streamlining policy decisions are other
factors for his success.
Modi has heralded a new era of accountability, governance
and fast response.