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Prime Minister Narendra Modi highlighted the significant increase in capital expenditure under the current BJP government. Speaking at the `Journey Towards Viksit Bharat: A Post Union Budget 2024-25 Conference` on July 3rd, Modi compared the growth in capital expenditure during the UPA government to the present administration. He pointed out that in 2004, the first budget of the UPA government allocated about Rs. 90,000 crore for capital expenditure. This amount rose to Rs. 2 lakh crore by the end of the UPA tenure. Today, under the BJP government, capital expenditure has soared to over Rs. 11 lakh crore. PM Modi in the CII Post-Budget conference 2024 emphasized that capital expenditure is a key driver of productive investment in resources.

During PM Modi’s inaugural speech at the G20 Summit 2023 in Delhi, the placard naming the country read ‘Bharat’. The African Union, a body of 55 member countries, on Saturday formally joined the G20, with Prime Minister Narendra Modi proposing its entry to the grouping and other leaders agreeing to it. PM Modi invited AU president Azali Assoumani to take his place as a member on the G20 leaders’ table, hugged him and welcomed him to the G20. Addressing the opening session of the 18th Summit of G20 leaders, PM Modi flagged the “big crisis of trust deficit” the world is facing, which, he said, has deepened due to the [Russia-Ukraine] war. He also expressed grief over the lives lost due to the earthquake in Morocco, saying that that the entire world community stands with Morocco in this difficult time. PM Modi said that the 21st century is an important time to show new direction and to give new direction.