Prime Minister Narendra Modi has been awarded the prestigious Seoul Peace Prize 2018 for his contribution to high economic growth in India and world through ‘Modinomics’, the award citation stated. His contribution to world peace, improving human development and furthering democracy in India, too, were the reasons for him getting the award, the Ministry of External Affairs (MEA) said today. PM Modi is the fourteenth recipient of this award.
The MEA statement says that the Seoul Peace Prize Committee has decided to confer the 2018 Seoul Peace Prize on Prime Minister Narendra Modi, in recognition of his dedication to improving international cooperation, raising global economic growth, accelerating the Human Development of the people of India by fostering economic growth in the world’s fastest-growing large economy and furthering the development of democracy through anti-corruption and social integration efforts.
While awarding the prize, the Award Committee recognised PM Modi’s contributions to the growth of the Indian and global economies, crediting ‘Modinomics’ for reducing the social and economic disparity between the rich and the poor. The committee lauded his initiatives to make the government cleaner through anti-corruption measures and demonetisation. It also credited the Prime Minister for his contribution towards regional and global peace through a proactive foreign policy with countries around the world under the ‘Modi Doctrine’ and the ‘Act East Policy.’
Accepting the award, PM Modi expressed his gratitude for the prestigious honour and in light of India’s deepening partnership with the Republic of Korea. The award will be presented later by the Seoul Peace Prize Foundation at a mutually convenient time.
The Seoul Peace Prize was established in 1990 to commemorate the success of the 24th Olympic Games held in Seoul, Republic of Korea – an event in which 160 nations from across the world took part, creating harmony and friendship and a worldwide atmosphere of peace and reconciliation. The Seoul Peace Prize was established to crystallise the Korean people’s yearning for peace on the Korean Peninsula and in the rest of the world.