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The ultimate objective of subsidies should be to empower the poor, to break the cycle of poverty, and become foot-soldiers in our war on poverty.

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By lifting 250 million people out of poverty in India, we have demonstrated that sustainable development can be successful. We are ready to share our experiences of our success with the Global South.

We can neither heal nor build if, on the one hand the rich in our society see the poor as hordes of irritants or if on the other hand the poor sit back, expecting charity. All of us must take responsibility for the upliftment of our conditions, prepared to give our best to the benefit of all.

Much of India that we dream of still lies ahead of us: housing, power, water and sanitation for all; bank accounts and insurance for every citizen; connected and prosperous villages; and, smart and sustainable cities.

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.

A nation with a strong defence industry will not only be more secure. It will also reap rich economic benefits - it can boost investment, expand manufacturing, support enterprise, raise the technology level and increase economic growth in the country.

If we have to develop India, the chariot of development needs to run on two wheels- eastern and western India.