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Seoul Peace Prize to PM is recognition of 'Modinomics': Shah

Press Trust of India  |  New Delhi 

The Peace Prize awarded to is a matter of immense pride for all Indians, said Wednesday, adding that the honour has taken note of "Modinomics" whose foundation is to "further the spirit of equality".

The was conferred with the award for his contribution to international cooperation and fostering global economic growth, a statement by the said.

"Modi has been honoured for improving human development of fellow Indians by ushering economic growth and furthering the development of democracy through steps towards ending corruption and furthering social integration," Shah said in a series of tweets.

Describing the award as a "matter of great joy" and "immense pride for 130 crore Indians", the said Modi's efforts towards boosting global cooperation and raising global economic growth have been noted by the awarding committee.

"I am glad that the has taken note of 'Modinomics' whose foundation is to further a spirit of equality and empowerment for all sections of society. Furthermore, the PM's bold and innovative foreign policy including the 'Act East Policy' have been hailed," he tweeted.

Shah said the award was a recognition of Modi's leadership, adding that the prime minister was at the forefront of building a better tomorrow through 'Sabka Saath, Sabka Vikas' (development for all).

He said the Peace Prize is considered among the most valued global prizes, whose previous laureates include former UN generals, world leaders, top policy makers and organisations driving monumental social change across the length and breadth of the planet.

The Peace Prize was established in 1990 to commemorate the success of the 24th held in Seoul. The award was established to crystalise Korean people's yearning for peace on the and the rest of the world.

Modi is the 14th recipient of the award and the past laureates include former UN General Kofi Annan, German and renowned international relief organisations like and

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 24 2018. 16:05 IST