Prime Minister Narendra Modi addressed the ‘Sydney Dialogue’ on Thursday and during this he also gave his opinion on cryptocurrency.

New Delhi: Prime Minister Narendra Modi on Thursday addressed the ‘Sydney Dialogue’ through video conferencing on the topic ‘Technology Development and Revolution in India’. During this, PM Modi said that it is giving new shape to international competition, power and leadership. It has ushered in a new era of opportunities for progress and prosperity.

‘Sydney Dialogue’ will be organized till 19 November

‘Sydney Dialogue’ is being organized from 17 to 19 November. It is an initiative of the ‘Australian Strategic Policy Institute’. Australian Prime Minister Scott Morrison and former Japanese Prime Minister Shinzo Abe will also deliver keynote speeches at the ‘Sydney Dialogue’.

Digital age is changing everything: PM Narendra Modi

PM Modi said, ‘It is a matter of great honor for the people of India that you have invited me to address the Sydney Dialogue. I see this as a recognition of India’s central role in the Indo-Pacific region and the emerging digital world. The digital age is changing everything around us. It has redefined politics, economy and society. It is raising new questions on sovereignty, governance, morality, law, rights and security. It is shaping international competitiveness, power and leadership.

Openness is the biggest strength of democracy: PM Modi

Addressing the Sydney Dialogue, PM Narendra Modi said, ‘From sea level to cyber and space, we also face new risks and new forms of conflicts in various threats. Tech has already become a major instrument of global competition and is the key to shaping the international order of the future. Tech and data are becoming the new weapons. The biggest strength of democracy is openness.

PM Modi also said on crypto currency in his address

PM Modi also gave his opinion on cryptocurrency during his address. He said, ‘It is important that all the democratic countries work together on cryptocurrency or bitcoin and ensure that it does not fall into the wrong hands, which can spoil our youth.’

Five important changes are happening in India: PM Modi

PM Modi said, ‘We are turning the challenges of the past into opportunities to leap into the future. Five important changes are taking place in India. We are building the world’s most comprehensive public information infrastructure. More than 1.3 billion Indians have a unique digital identity. We are on the way to connect 6 lakh villages with broadband. We have created the world’s most efficient Payment Infra- UPI. More than 800 million Indians use the Internet and 750 million people have smartphones. We are one of the largest consumers of data per capita and one of the countries in the world to provide cheap data. We are transforming the lives of people by using digital technology for governance, inclusion, empowerment, connectivity, benefit distribution and well-being.

‘Technology made rapid vaccination possible’

PM Modi said, ‘Everyone has heard about India’s financial inclusion, banking and digital payments revolution. Recently, we have used technology to deliver over 1.1 billion doses of vaccines to a vast country like India using Aarogya Setu and CoWin. We are also building a National Digital Health Mission to provide affordable and universal health care for our billion-plus people. Our ‘One Nation, One Card’ will benefit billions of workers anywhere in the country.

‘India has 3rd largest start-up eco-system’

The Prime Minister said, India has the third largest and fastest growing start-up eco-system in the world. New unicorns are arriving every few weeks, providing solutions in health and education for national security. India’s industry and service sector, even the agriculture sector, is undergoing massive digital transformation. We are also using digital technology for clean energy transition, resource conversion and biodiversity conservation.