Indian economy on firm footing: PM Modi

Prime Minister Narendra Modi has assured the business community that government is ready to make changes to ease any bottlenecks in the Goods and Services Tax (GST). 

Inaugurating the Golden Jubilee Year Celebrations of the Institute of Company Secretaries of India in New Delhi, Mr Modi said, he will not let the present problems jeopardize the future of the country.Mr Modi said, foreign investment in the country has been the highest in the last three years since the opening of economy. Mr Modi said, double digit inflation has come down to less than 3 per cent and Current Account Deficit brought down to 2.5 per cent. 

He said, fiscal deficit has also been reduced to 3.5 per cent. He said, Government has taken several important decisions related to reform and



the process will continue and the country's financial stability will be maintained. He reiterated that Government will continue to take every necessary steps to increase investment and accelerate economic growth.

The Prime Minister assured people that the steps taken by the government are to keep the country in a new league of development in the coming years. He said, present government understands the cost of the hard-earned money of people and its policies and schemes are aimed at making life easier for the poor and the middle class and also save their money.

Mr Modi said, policy decisions in the field of affordable housing are unprecedented. He said, government has spent more than 10,600 crore rupees on the new and renewable energy sector.