Is India Set to Become the Third Largest Economy? PM Modi’s ‘Vocal for Local’ Inspires Gujarat Entrepreneurs
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Synopsis
Prime Minister Narendra Modi's call for the ‘Vocal for Local’ initiative has inspired a gathering of two thousand businessmen in Surat, Gujarat. This event aims to bolster India's economy and navigate challenges posed by international tariffs. Can this movement lead India to become the world's third-largest economy?
Key Takeaways
- Prime Minister Modi's ‘Vocal for Local’ initiative aims to boost India's economy.
- A gathering of two thousand businessmen in Surat emphasizes local production.
- Swadeshi promotes products made by Indians.
- Local entrepreneurs are strategizing around US tariffs.
- Collaborative efforts can help overcome economic challenges.
Surat, Aug 6 (NationPress) In a call to action, Prime Minister Narendra Modi has encouraged the nation to embrace the ‘Vocal for Local’ initiative. On Wednesday, two thousand entrepreneurs from various sectors in Gujarat’s Surat convened under the 'Progressive Alliance', with the goal of positioning India as the world’s third-largest economy.
This gathering takes place against the backdrop of US President Trump's looming tariff threats. Nonetheless, PM Modi reminded citizens of their responsibilities, urging everyone to commit to Swadeshi. He characterized Swadeshi as products created through the hard work and dedication of Indians, motivating the country to adopt the “Vocal for Local” mantra.
During the event, business leaders from cities across Gujarat, including Surat, engaged in discussions regarding the potential impact of US tariffs on MSMEs and export-oriented industries, exploring strategies to mitigate these challenges.
The primary aim of this event was to bolster the local economy by prioritizing Indian-made goods under ‘Swadeshi’ empowerment, while also fostering robust networking among business leaders.
Kamal Diora, who facilitated the event, shared with IANS that PM Modi's ‘Swadeshi’ initiative would provide renewed vigor amidst the US tariffs. He stated, “We are backing the Prime Minister's 'Vocal for Local' initiative as we strive to make our nation the third-largest economy globally.”
Participants at the event appeared resolute in their commitment to advance PM Modi's initiative.
Ashish Sukhadia, a diamond merchant from Surat, expressed, “As an Indian, I wholeheartedly endorse 'Vocal for Local'. We are already ranked as the fourth-largest GDP globally. By supporting this initiative, we can surmount all obstacles. We are also concentrating on mutual support.”
Meanwhile, Amit Koladiya, a textile trader from Surat, noted,
The 'Vocal for Local' movement, which has gained momentum in India recently, urges citizens and businesses to prioritize locally manufactured goods over imports, thereby promoting domestic manufacturing, creating jobs, and invigorating the local economy.
Point of View
It's clear that businesses across India are rallying behind this cause. The focus on strengthening the local economy and prioritizing Indian products is a necessary step towards overcoming global economic challenges. A united front among entrepreneurs in Surat demonstrates the potential for growth and resilience in the face of adversity.
NationPress
30/08/2025
Frequently Asked Questions
What is the 'Vocal for Local' initiative?
The 'Vocal for Local' initiative encourages citizens and businesses to prioritize locally made products to promote domestic manufacturing and boost the local economy.
Why is the event significant?
The event gathered two thousand businessmen to discuss strategies for strengthening India's economy amidst international tariff threats, aiming to position India as the world’s third-largest economy.
What does 'Swadeshi' mean?
'Swadeshi' refers to products made with the labor and effort of Indians, promoting self-reliance and local manufacturing.
How are businesses responding to US tariffs?
Business leaders from various sectors are brainstorming solutions to mitigate the impact of US tariffs on their industries, focusing on local production and innovation.
What are the expected outcomes of this initiative?
The initiative aims to enhance local production, create jobs, and ultimately contribute to making India one of the largest economies in the world.
