Stating that time for incremental change is long over, Modi called for a roadmap to lay the foundation for the country's growth over the 21st century.
Interacting with members of the NITI Aayog, he said the need of the hour is transformational change.
He highlighted the importance of technology as an emerging driver of change over the last three decades, and asserted that this pace of change would not slacken.
The government, he said, has "the courage and the ability to deliver transformational change for bettering the lives of the people".
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He listed mineral wealth, vast untapped solar energy potential and sub-optimally used coastline as examples.
Modi said partnership with states for promoting development and boosting exports is not just an element of cooperative federalism, but also the need of the hour.
On agriculture, he said the focus should not be just on increasing agricultural productivity alone, but also on the overall development of a vibrant rural economy.
He emphasised the importance of the food processing sector, warehouse development, and technology inputs, in this sector.
"Prime Minister said I am a person who does experiment and I have confidence," NITI Aayog Vice-Chairman Arvind Panagariya told reporters after a meeting with Modi on Vision Document.
When asked whether the Vision Document will be approved by
the NITI Aayog Governing Council, Panagariya said no decision has been taken on this. The Council is headed by the Prime Minister with all Chief Ministers on its board. As per earlier practice, 5 year plans were approved by National Development Council, headed by PM.
The official said that Modi also pointed out the irreversible impact of technology on the country and asked to focus on optimum use of natural resources.
Modi has asked for mapping of the natural resources in the country and preparing a catalogue for timely, efficient and effective use of national wealth through definite policy.
He cited the example of solar energy where India was not able to use the resource over past many years.
Modi was of the view that exports potential should come from state while centre can play a role of a catalyst.
Drawing attention toward need to push skill development in the country, he said: "We should skill people keeping in mind the requirement of industry in 2030. We should focus on creating opportunities and not just jobs."
On the farm sector, he said, "We need to shed protectionism on agriculture as market has to play a role. We would soon be out of kitchen cooking."
Modi urged NITI Aayog to take inspiration from events such as the success of the Give-it-Up campaign, and the widespread positive response from the people to the Swachhta Abhiyan.
"This experience disproves the assumption commonly made by experts that people are only interested in benefits for themselves; it shows that people are motivated by the larger public good," he said.
In this 23rd edition of 'Mann Ki Baat', the Prime
He also talked about teacher-student relationship in the context of upcoming Teacher's Day on September 5, efforts to clean river Ganga, Swacch Bharat abhiyan, eco-friendly Ganesh 'visarjan' and the recent launch of Akashvani Maitri under which content will be shared in Bengali by West Bengal and Bangladesh.
Modi also made a mention of an 84-year-old retired woman teacher, who had written to him, mentioning about her giving up LPG subsidy and donating Rs 50,000 for women who still use firewood.
Speaking about the power of unity, Modi said, "in August 2016, parties having intense political rivalry, parties which do not let go any chance to attack the other, all came together to pass the GST bill." There are 90 parties in all, he said.
In the context of Teacher's Day, he showered praise on P Gopichand, a renowned badminton player and coach of P V Sindhu, saying he is a shining example of a good teacher who gets deeply involved in his pupil's performance.