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.

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.

By common endeavor we can raise the country to a new greatness, while a lack of unity will expose us to fresh calamities.

The world used to think we are a land of snake charmers and black magic. But our youth has surprised the world with its IT [information technology] skills.

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 must always reiterate this. The greater the foreign dependence, the greater the country's failure. For global peace, stability, and prosperity, the country with the world's largest population must become Self Reliance.