Economy will be back on track: Modi tells India Inc

Exuding confidence, a determined Prime Minister, Narendra Modi, on Tuesday said the Indian economy badly battered by the impact of the Covid pandemic will be back on the growth track soon. He said the measures undertaken by the government will give a big boost to the economy.

Speaking to members of the Confederation of Indian Industry (CII) through video, PM Modi said the country has huge potential to emerge successful through exploring its prowess in the areas of technology, innovation. India has immense talent pool, he said. Acknowledging that revival of economy is a major challenge before the nation but achievable, PM Modi said: “Trust me, getting back growth is not that difficult.”

On his government’s newly announced scheme 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. He also said that labour reforms are being done to support workers and increase jobs and private participation in strategic sectors is becoming a reality as the government has allowed private players in space and atomic energy research segments.

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