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Recovery faster than expected; economic indicators encouraging: PM Modi at FICCI AGM

PM Modi said that while there are many challenges at hand, the government has the solutions and a roadmap to take India forward

PSU Watch Bureau
  • Focus on strengthening the local value and supply chain and how to expand India's role in global supply chain: PM Narendra Modi

  • Atmanirbhar Bharat Abhiyan promotes efficiency in every sector, said the PM

New Delhi: Prime Minister Narendra Modi said that India has been through ups and downs this year and it is good that things are improving swiftly. He said that while there are many challenges at hand, the government has the solutions and a roadmap to take India forward and overcome these challenges. Addressing the FICCI annual convention, Modi lauded FICCI for partnering with the government and playing an effective role in the process of nation building including in the fight against COVID-19.

Speaking about the Atmanirbhar Bharat programme, Modi said, "Atmanirbhar Bharat Abhiyan promotes efficiency in every sector. Emphasis is being laid to re-energize technology-based industries, in which India has long-term competitive advantage." He further said that this program has driven up efficiency and made Indian industry stronger and more competitive.

PM Modi also urged the industry to invest in rural areas including the agriculture sector as the investments would open new opportunities for people in rural India.  "The ambitions of rural India are increasingly on the rise. They want socio-economic mobility, and the government is trying to fulfil these ambitions," he said.

He further asserted that our economy, in various sectors, needs more and more bridges and not barriers so that they can support each other. "In last few years, we have initiated planned reforms and the best example of this is India being part of most inclusive banking nations," added Modi.

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