A- A A+
Last Updated : Sep 19 2020 11:33AM     Screen Reader Access
News Highlights
PM Modi assures farmers that MSP and govt procurement will continue; Says agriculture reform bill to help eliminate middlemen            Home Ministry asks all States, UTs to ensure free movement of oxygen carrying vehicles without any restriction            NIA arrests nine Al-Qaeda terrorists from West Bengal and Kerala            All schools in Delhi to remain closed till October 5            Eight Indian beaches recommended for coveted Blue Flag international eco-label           

National News

Jun 02, 2020
2:23PM

Prime Minister Narendra Modi expresses confidence that India's economy will get its growth back

File Pic: PTI
Prime Minister Narendra Modi today asserted that Corona virus may have slowed economy, but India will get its growth back through talent and technology. Mr Modi affirmed his vision of making the country self-reliant and back on its trajectory of growth through Intent, Inclusion, Investment, Infrastructure and Innovation. Inaugurating the Annual Session of Confederation of Indian Industries (CII) through video conferencing, marking the 125th year of CII since inception, Prime Minister shared his vision on the theme of Getting Growth Back.

In his first major address to the Industry members since first phase of nationwide unlock of greater economic activities, Prime Minister reiterated government’s commitment to save lives and also to stabilize economy of the country. Underlining country's capabilities and crisis management strategy, availability of talent and technology, he assured that India will be soon back on its path of healthy economy.

Mr. Modi said, India has entered into first phase of nationwide unlock, opening up larger part of economic activities. He highlighted the importance of right measures and early imposition of lockdown which helped government to build up required infrastructure to handle the pandemic.

The Prime Minister emphasized that getting economy back on track is governments one of highest priority. He said under the Pradhan Mantri Garib Kalyan yojana, 74 crore beneficiaries were given food grains and around eight crore migrant workers also benefitted from free ration. He said, under the scheme, 53 thousand crore rupees were directly given to women, old, Divyang, widows, among others. He added that, more than eight crore gas cylinders were also delivered to households and 50 lakh employees got 24 per cent of their contribution to Employees' Provident Fund by the government.

Mr Modi asserted that the reforms announced by the government are not random decisions but systemic, well-planned, inter-connected and futuristic in approach. He mentioned IBC, faceless tax assessment redressal mechanism, policy reforms including commercial coal block operations, reforms in mining, space and atomic research sector and said that these reforms were awaited since decades.

Stating about the historic reforms introduced in agriculture sector and MSMEs, Prime Minister said that these policy reforms will have long lasting effects on the economy and will lead to employment opportunities in the country. He said, the government ensured rights and freedom to farmers which was due for decades. The Prime Minister also highlighted the decision of opening up of non-strategic sectors for private players and the issue of labour reforms. Speaking about MSMEs, he said, these units contribute around 30 per cent in the GDP and have intense impact on the economic situation in the country. He said, the government made long due definitional changes to ensure that the units flourish without any hindrance. He also mentioned government’s decision to provide stimulus to MSME enterprises to embolden their contribution.

Prime Minister said, amidst the pandemic, expectations of world from India have increased. He said, World is looking for a trusted and reliable partner and India has potential, strength and ability. He urged industrialists and people of the country to utilize these testing times as an opportunity to emerge as a reliable global face. He called for developing a robust local supply chain which can strengthen India's share in the global supply chain. Mr. Modi made a clarion call for Made in India, Made for the world, to ensure self- reliance for the country.

Mr Modi also  stressed on measures to be brought in to cut down imports for products which can be easily manufactured in the country. He highlighted three sectors namely furniture, air conditioner and leather industry, as the priority sectors where imports can be reduced through concerted efforts. He highlighted that government had  to take tough steps to fight Corona virus and also take steps to take care of economy.

Mr. Modi mentioned the pioneering efforts of the industry in coming up with huge domestic PPE manufacture in a short span of three months. He assured the industry members of every possible government support to achieve the shared vision of Aatmanirbhar Bharat. 

   Related News

Live Twitter Feed

Listen News

Morning News 19 (Sep) Midday News 18 (Sep) Evening News 18 (Sep) Hourly 19 (Sep) (1010hrs)
समाचार प्रभात 19 (Sep) दोपहर समाचार 18 (Sep) समाचार संध्या 18 (Sep) प्रति घंटा समाचार 19 (Sep) (1100hrs)
Khabarnama (Mor) 19 (Sep) Khabrein(Day) 18 (Sep) Khabrein(Eve) 18 (Sep)
Aaj Savere 19 (Sep) Parikrama 18 (Sep)

Listen Programs

Market Mantra 18 (Sep) Samayki 9 (Aug) Sports Scan 18 (Sep) Spotlight/News Analysis 18 (Sep) Employment News 18 (Sep) World News 18 (Sep) Samachar Darshan 22 (Mar) Radio Newsreel 21 (Mar)
    Public Speak

    Country wide 12 (Mar) Surkhiyon Mein 18 (Sep) Charcha Ka Vishai Ha 11 (Mar) Vaad-Samvaad 17 (Mar) Money Talk 17 (Mar) Current Affairs 6 (Mar) Sanskrit Saptahiki 19 (Sep) North East Diary 17 (Sep)