India will definitely gets its growth back, says Narendra Modi at CII Annual Session 2020; emphasises on inclusion, innovation

Speaking at a video conference to the industry body, Confederation of Indian Industries' (CII) annual session, Narendra Modi said the government has taken tough steps to fight the coronavirus pandemic and has also taken care of the economy.

FP Staff June 02, 2020 12:29:05 IST
India will definitely gets its growth back, says Narendra Modi at CII Annual Session 2020; emphasises on inclusion, innovation

Speaking on a slew of topics from economy, entrepreneurship, manufacturing to medical supplies, Prime Minister Narendra Modi on Tuesday said India will definitely get its economic growth back as the government continues to pursue various reforms.

Speaking at a video conference to the industry body, Confederation of Indian Industries' (CII) annual session, he said the government has taken tough steps to fight the coronavirus pandemic and has also taken care of the economy.

"On the one hand we have to safe lives of our people and on the other hand we have to stabilise the economy and speed up the economy," he said.

"Yes, we will definitely get our growth back," he asserted.

The Prime Minister said that he has faith in the technology, innovation and intellect of the country which would help the economy revive.

He said he gets the confidence from farmers, small businesses and entrepreneurs for getting the economic growth back.

Click here to follow LIVE news and updates on stock markets

Noting that strengthening the economy in times of corona is among the government's highest priorities, he said: "Trust me, getting back growth is not that difficult.

"Corona may have slowed our speed (of growth) but India has now moved ahead from lockdown with the phase one of unlock. Unlock Phase-1 has reopened a large part of the economy," he said.

Intent, Inclusion, Investment crucial for India

He said intent, inclusion, investment, infrastructure and innovation are crucial for India to revert back to a high-growth trajectory.

"For us, reforms are not any random or scattered decisions. For us reforms are systemic, planned, integrated, inter-connected and futuristic process," he said.

He further noted that "for us reforms mean courage to take decisions and taking them to logical conclusion."

Click here to follow LIVE updates on coronavirus outbreak

Speaking of the Aatmanirbhar Bharat economic package announced by the Finance Minister Nirmala Sitharaman in May to help revive the economy post the corona crisis, he said that the package would work as fuel for the growth of the MSME sector.

Labour reforms are being done to support workers and increase jobs and private participation in strategic sectors is becoming a realit, he said. The the government has allowed private players in space and atomic energy research segments.

Modi also said that with the latest decision to amend the APMC Act, the farmers will now be free from the dependence on middle-men and will be able to sell their produce anywhere they want to.

"Post-independence laws made farmers dependent on middle-men. They will now get their rights post amendment to APMC Act," he said.

 

--With inputs from agencies

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

COVID-19-hit US unlikely to be in EU's list of safe countries as Europe prepares to reopen to foreigners
World

COVID-19-hit US unlikely to be in EU's list of safe countries as Europe prepares to reopen to foreigners

European Union envoys are close to finalising a list of countries whose citizens will be allowed to enter Europe again, possibly from late next week, EU diplomats confirmed Saturda

Coronavirus Updates: Maharashtra reports 5,493 new cases, 156 deaths; case count climbs to 1,64,626, toll mounts to 7,429
India

Coronavirus Updates: Maharashtra reports 5,493 new cases, 156 deaths; case count climbs to 1,64,626, toll mounts to 7,429

Coronavirus Updates: Maharashtra reported the biggest single-day spike of 5,493 COVID-19 cases so far on Sunday, which took the tally of patients in the state to 1,64,626.

Single-use plastic making 'big comeback' across India amid COVID-19 pandemic, says environment activist
India

Single-use plastic making 'big comeback' across India amid COVID-19 pandemic, says environment activist

The lockdown had a good effect on the environment but the increased use of masks, gloves, sanitiser bottles to fight the pandemic has given rise to new concerns, said Anoop Nautiyal.