He also mentioned that at present global economy is going through a period of uncertainty.
Saying that reforms in a country should be linked to people's welfare, Modi said: "True reforms are those which results in transformation in the lives of citizens. My goal is reform to transform. Biggest beneficiary of any reform should be the poor."
Harping that creating new opportunities for citizens to progress is crucial for the growth of the nation, he said: "New opportunities are like oxygen to the aspirational citizens."