NEW DELHI – Prime Minister Narendra Modi asked the country to adopt a new economic philosophy based on the phrase “Daam kam, dum zyaada,” which means “lower cost, higher value,” in his Independence Day speech from the Red Fort. The Prime Minister said that this way of thinking, which is based on making high-quality, cheap goods, is necessary for India to become rich and self-sufficient while honoring the sacrifices of its independence fighters.
Modi said that “too much dependence” on other countries can hurt a country’s sovereignty and resilience. He observed, “The real misfortune starts when dependence becomes a habit,” and he added that “this habit is not without risks.” He said that self-reliance is more than just trading goods and services; it is also about the country’s strengths and capacities.
In a world that only cares about itself, India’s Own Line is getting longer.
The Prime Minister’s comments come at a time when trade tensions between India and the United States are still high. This is because Washington put 50% tariffs on Indian exports. In this backdrop, Modi’s speech was a clear demand for India to focus on its own economic strength instead of getting into fights with other countries.
“We shouldn’t waste our time trying to cut in front of someone else.” “We must fully extend our own line,” he said. He also said that India needs to “boldly extend our own line” to garner respect around the world in the current global atmosphere, when economic self-interest is on the rise. Modi said that the world values quality, and that India can improve its image in the global market by making high-quality goods at a lesser cost.
The Prime Minister’s speech emphasized a major element of his “Make in India” strategy, placing a heavy emphasis on domestic production, innovation, and quality to ensure the nation’s economic independence and worldwide stature.