New Delhi:  Prime Minister Narendra Modi on Thursday said that laws need to be made for the betterment of the common man and in tune with times.

"Howsoever big an issue may be, usually we put our views on the basis of party-wise thinking and regional considerations. That is also important. But India has now attained a stature that the entire world closely observes our decisions," Modi said at a function to inaugurate the Speakers Research Initiative in the parliament.

He said that India has attained such a stature that decisions taken here can have impact globally.

The prime minister's comments come against the backdrop of the opposition stalling parliamentary business even as some key legislations are stuck.

Modi said: "If we go with an open mind and make an effort to understand an issue without any pre-conceived notion, then we can start to see issues from a new perspective."

"Today we cannot decide in isolation in a globalised world...Decisions need to be taken in the context of global situation," he said.