New Delhi, August 15, 2026 (Yes Punjab News)
Prime Minister Narendra Modi on Saturday laid out a series of ambitious economic and strategic targets for India by 2047, including 100 GW of nuclear power capacity, 50 Indian companies in the Fortune 500 list and an Indian bank among the world’s top five.
Addressing the nation from the Red Fort on Independence Day, Modi also set a target of adding seven to eight semiconductor plants over the next one to two years and said India should strengthen its position as a trusted centre of global supply chains.
The Prime Minister said India’s economic growth should translate into a stronger global presence for Indian businesses. He also announced that the country was working towards commissioning and operationalising five new nuclear reactors over the next six to seven years.
“This year, India has achieved mastery in Fast Breeder Nuclear Technology, marking a crucial milestone. As a result, we have taken a major, successful leap forward on the path towards achieving self-reliance in nuclear fuel,” Modi said.
He highlighted developments in the energy sector, including the expansion of piped gas and solar power infrastructure.
According to Modi, piped gas coverage has expanded from 70 cities before 2014 to 700 cities, while the number of households receiving piped gas has risen from around 20-22 lakh to nearly 1.75 crore.
India’s solar energy capacity, he said, has also increased sharply, from 2 GW in 2014 to 160 GW. More than 50 lakh households have adopted solar energy under the PM Surya Ghar: Muft Bijli Yojana, with implementation continuing at a rapid pace.
Modi stressed that India must not only increase production but also develop complete domestic value chains.
“We need components as well as complete manufacturing, complex products. From design to manufacturing, India must become a trusted centre of the global supply chain,” he said.
The Prime Minister also unveiled the concept of ‘Sapta Dhara’ or Seven Streams, identifying seven key areas of strength that he said would provide India with the momentum and capabilities needed to achieve the next phase of growth and realise the vision of a ‘Viksit Bharat’.
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