Covid has taught the world self-reliance is necessary: Modi

Prime Minister Narendra Modi has said that the coronavirus pandemic has taught a lesson to the world that globalisation is important but being self-reliant is also necessary. He stated that the crisis period due to Covid has brought big changes in the world and technology will play a major role in the post COVID world. He said it is for the first time that so much potential has been created for innovation and new startups in the agriculture sector.PM Modi said this  on Saturday during his speech at the 51st Annual Convocation of Indian Institute of Technology (IIT), Delhi, in which he took part through video conferencing. 

The Prime Minister said his government brought new laws and today, India is one of the lowest corporate tax charging countries in the world. He added that in the last 5 years, the number of patents have risen four times. Trademark registrations have seen a five-fold rise as well. Fintech, agro and medical start-ups are seeing growth. He said that in the last few years, over 20 unicorns have been built by Indians in the country. Modi said under the National Infrastructure Pipeline, the government is investing over one lakh crore rupees. He said state-of-the-art infrastructure is being built in the entire country that will fulfil the needs of the present and the future. He congratulated all students that are graduating today and their parents.