Sydney: Prime Minister Narendra Modi, who addressed a packed stadium at Sydney's Qudos Bank Arena on Tuesday, in a veiled attack on China asserted India has no dearth of capability or resources and has the biggest and youngest talent factory.
Notably, the critical remarks from Prime Minister came nearly a month after China mocked India when the United Nations officially tagged it as the most populous country in the world.
Meanwhile, without naming China during his hour-long speech, PM Modi said, "India has no dearth of capability or resources. Today, India is the biggest and youngest talent factory."
IMF considers India as bright spot: PM
Further, he maintained that the International Monetary Fund (IMF) considered India as a bright spot at a time when most countries are collapsing or on the brink of collapse. The Indian Prime Minister also boasted how the country has adopted the culture of digital transactions and added trillions of dealings are being done using the payments application.
Notably, he was speaking about the UPI transactions in India. According to a report, digital payment platforms registered a 70 per cent increase in the number of transactions to 74 billion and a 54 per cent increase in value.
"Today IMF considers India a bright spot in the global economy. World Bank believes that if anyone is challenging global headwinds, it is India. The banking system in several countries is in trouble today but on the other hand, the strength of India's banks is being appreciated everywhere," said PM Modi in Sydney.
India is now known for the FinTech revolution: PM Modi
The Prime Minister also recalled how India led the vaccination drive at a time when the whole world was gripped once-in-a-100-year crisis. Also, PM Modi argued India made record exports last year and added its forex reserve is scaling new heights. "Example of how India is working for global good lies in our digital stake. You are well aware of India's FinTech revolution," he noted.
Notably, Modi arrived in Sydney on Monday for the third and final leg of his three-nation tour during which he will hold talks with his Australian counterpart Anthony Albanese and attend a community event to celebrate the country's dynamic, diverse Indian diaspora.
What China said about India becoming the most populous nation in the world
Earlier last month, Chinese Foreign Ministry spokesperson Wang Wenbin contended that it was important to look at "quality" as well as "size" while assessing a country's demographic dividend.
“When assessing a country’s demographic dividend, we need to look at not just its size but also it's quality. Size matters, but what matters more is talent resources. … China has implemented a national strategy to respond to population ageing, including a third-child policy and supporting measures to address demographic changes,” Wang said in his weekly press conference, adding that nearly 900 million out of China’s 1.4 billion population is of working age.
It is worth mentioning India became the world’s most populous country. The news comes at a moment when India is promoting itself as a rising international player as the host of this year’s Group of 20 summit. It’s also becoming a more attractive destination for multinational companies seeking to reduce their reliance on China.
Also Read: 'Prime Minister Modi is the boss': Australian PM Anthony Albanese
