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An aspirational speech: PM Modi lays out vision of a 'New India'

PM reiterated his intention to persist with economic reforms

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Business Standard Editorial Comment
Prime Minister Narendra Modi has often used his speeches from the ramparts of the Red Fort on Independence Day as a method of making assurances to the nation about the future path of development. These assurances can be both big and small; for example, on his first Independence Day as PM, Mr Modi laid out the vision for a manufacturing revival that became “Make in India”; in 2015, at the other end of the scale, he indicated that his government would raise the pensions to freedom fighters and their families. The latter was done; the former is, naturally, harder to