India has become fastest growing economy under PM Modi; Maharashtra to be its backbone, says Devendra Fadnavis

Maharashtra Chief Minister Devendra Fadnavis. Pic/AFP

Maharashtra Chief Minister Devendra Fadnavis on Friday said India has become the fastest-growing economy in the world under the leadership of Prime Minister Narendra Modi which he said encompasses speed, transparency and inclusivity, reported news agency PTI.

Addressing the World Hindu Economic Forum, Devendra Fadnavis said "PM Modi's Hindu growth rate model" will show a new direction to the world while it becomes the fastest-growing economy. Hindu rate of growth points to India's slow economic growth between the 1950s and 1980s, reported PTI.

Maharashtra too aspires to be a part of this growth story and be a trillion-dollar economy by 2028, he said.

Besides pushing for infrastructure growth, Fadnavis said, the government is working in the field of green energy and water conservation in the state.

He called technology inclusive and said it plays an important role in development.

Fadnavis said PM Modi believes in sustainable development and has worked towards cultural and social progress apart from focussing on economics.

He expressed confidence that India will become an economic powerhouse with Maharashtra as its spine.

The CM said Mumbai will become the country's fintech capital in the coming years.

He lauded the World Hindu Economic Forum for giving a development vision based on Hindu ethos in the economic and social sectors, reported PTI.

Fadnavis said that the Western world believes in 'survival of the fittest', but according to Hindu ethos, everyone who is born will live, and society will ensure this happens.

He said India's progress and development are not born out of suppression and colonialism. "We didn't invade and loot (anyone) but grew on our own strength," he said, reported PTI.

According to the World Hindu Economic Forum, it aims to bring together financially successful elements within Hindu society such as traders, technocrats and industrialists along with economists and thinkers for sharing of experience, expertise and resources. It will be held in the city from December 13 to December 15.

(With inputs from PTI)