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If you ask an economist what's driven economic growth, it's been major advances in things that mattered - the mechanization of farming, mass manufacturing, things like that. The problem is, our society is not organized around doing that.

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India is undergoing profound transformations. We are today the fastest growing economy in the world. We want the Indian economy to be driven by smart and sustainable cities, robust farm sector, vibrant manufacturing and dynamic service sector. And, its engines to run on world class network of rails, roads, airports and digital connectivity.

Taxes, after all, are dues that we pay for the privileges of membership in an organized society.

We want to achieve a new and better order of society: in this new and better society there must be neither rich nor poor; all will have to work. Not a handful of rich people, but all the working people must enjoy the fruits of their common labour. Machines and other improvements must serve to ease the work of all and not to enable a few to grow rich at the expense of millions and tens of millions of people. This new and better society is called socialist society.

Today, we celebrate the fact that this historic document has survived a turbulent five decades, which have seen some of the most extraordinary developments in the evolution of human society. These include the collapse of the colonial system, the passing of a bipolar world, breath taking advances in science and technology and the entrenchment of the complex process of globalisation.

AI is already reshaping our economy, security and even our society. AI is writing the code for humanity in this century...We are at the dawn of the AI age that will shape the course of humanity.

There has to be a drive to make the U.K. competitive in the motorcar industry or in the engineering industry. To do that, you have to give attention to the manufacturing sector.