PM Modi reiterates govt's commitment to save lives and also to stabilize economy

Prime Minister Narendra Modi has asserted that Coronavirus 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 yesterday, marking the 125th year of CII since inception, the 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. Stressing on 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 a 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 priorities. 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.

   

The Prime Minister 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.

 

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 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.

 

The Prime Minister also stressed on measures to be brought in to cut down imports for products which can be easily manufactured in the country. He assured the industry members of every possible government support to achieve the shared vision of Aatmanirbhar Bharat.