India’s banking sector among world’s best: PM Modi in Independence Day speech

In his dress to nation from Red Fort on occasion of 78th Independence Day, Prime Minister Narendra Modi highlighted transformative reforms in India's banking sector and stressed on role of women-led development in country’s growth.

"Because of significant reforms in India's banking sector, today, India stands among world's best nations in terms of a strong banking system," stated Prime Minister Modi. He underscored that a robust banking infrastructure not only strengns nation's economic foundation but also ensures overall strength of economy.

For deces, Indian citizens faced a “Mai-baap” system of governance, where people h to seek basic amenities and services, often through prolonged bureaucratic processes. However, Prime Minister highlighted shift in governance with implementation of comprehensive reforms. "Today, due to reforms across board, we see an India where every Indian is getting a bank account, every home is getting electricity and water connections, and gas cylinders are reaching every doorstep," PM Modi said.

Prime Minister stressed that India's option of global best practices and digitisation initiatives has me banking and or government services more accessible to citizens. "ir banking needs are at ir fingertips," he said, ding that government is committed to integrating best practices in every field to propel India towards global leership.

Stressing on women empowerment, PM Modi noted that country is witnessing a surge in women-led development initiatives. "Today, re are over 10 crore women who are part of women self-help groups. Women are getting land and homes registered in ir names, making m 'lakhpati didis'," he said, referring to women who have become financially independent through various government schemes such as Mudra loans.

se women are not only becoming self-sufficient but are also setting up businesses and startups, reby contributing to nation’s economic growth. "When we see over 10 crore women becoming self-sufficient and independent, when women from humble backgrounds break new ground to take nation forward, it is a proud moment for every Indian," Modi emphasized.

Prime Minister also highlighted progress in various sectors, including space industry, where hundreds of startups have emerged, and modernization of infrastructure, which has significantly improved ease of living for Indian citizens.

In conclusion, PM Modi reiterated that path of reforms chosen by his government has become a blueprint for growth and not just a subject for debate. " words 'Mera Bharat Mahan' are soul behind every initiative, every effort," he said, urging citizens to continue working towards a prosperous and developed India by 2047.