New Delhi: India is “progressing at a fast pace" and is contributing to the growth and stability of the international economic system in the past 10 months, Prime Minister Narendra Modi said in an interview to Time magazine.

The government believes in inclusive growth, Modi said in an interview, which was published a fortnight before the first anniversary of the National Democratic Alliance (NDA) government.

“I have in my mind a very clear outline of the framework of what we are going to do in the next five years. What we have done in the last one year is precisely as per that plan. And in the next four years, we have step-by-step measures that would unfold as we go along," Modi said in the interview, adding that the goods and services tax, which got approved by the Lok Sabha on Wednesday, was the biggest reform legislation in India and he hoped that it would be implemented in the 2016 fiscal year.

Modi will feature on the cover of the current issue of the Time magazine with the title “Why Modi Matters". Modi also spoke in detail about India’s foreign relations. He said that the US was a “natural ally" even as he added that it was important to hold consultations with the Afghanistan government to understand their security needs as the US troops draw down.

On China, he said that even as India is cooperating with China at the international stage, it also competes with the neighbouring country in commerce and trade.

In response to a question on what he made of US President Barack Obama’s comment in his India visit this year that it is critical that the nation does not splinter along religious lines, Modi said: “My philosophy, the philosophy of my party and the philosophy also of my government is, what I call ‘Sabka Sath, Sabka Vikas’, which essentially means, “Together with all, progress for all". So, the underlying philosophy and the impulse of that particular motto is to take everybody together and move towards inclusive growth."

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