Prime Minister Narendra Modi Saturday made a strong re-election pitch to corporate India as he drew contrasts between the governance styles of Congress and his party, saying competition for corruption in the previous regime had been replaced by highest growth rate and lowest inflation of post-liberalisation era.
Addressing the Economic Times' Global Business Summit here, Modi elaborated on his vision for making India a USD 10-trillion economy and the world's third largest is one where the country has countless startups and is a global leader in renewable energy sources and electric vehicles.
Back-breaking inflation, increasing current account deficit and higher fiscal deficit threatened macro-economic stability of the country just before the BJP-led NDA came to power in May 2014, he said.
Launching a blistering attack on governance under UPA, he said there was a "competition between ministries, a competition between individuals, a competition on corruption (and) a competition on delays."
But after 2014, hesitations have been replaced by hope, obstacles by optimism and issues by initiatives, he said. "Today change is clearly visible."
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