“I Would Rather Go Beyond Getting Growth Back. We Will Definitely Get Our Growth Back,” Says PM Modi

PM Modi said his government has two key responsibilities at the moment to save lives of citizens and to stabilise the country’s economy



MUMBAI| On Tuesday Prime Minister Narendra Modi said India will get its growth back and also said that the government has already started taking steps towards boosting the economy with eased guidelines under the ‘Unlock 1’ strategy.

PM Modi while addressing the inaugural session of the Confederation of India Industry’s (CII) annual session 2020 to mark 125 years of its inception. Narendra Modi said, “I would rather go beyond getting growth back. We will definitely get our growth back.”

Talking about the impact of the coronavirus in India and the lockdown that followed, PM Modi said his government has two key responsibilities at the moment to save lives of citizens and to stabilise the country’s economy.

PM Modi said, “Restrengthening economy against corona is one of our highest priorities. For this, the government has taken immediate decisions. We have also taken decisions which will help the country in the long run.”

PM Modi assured that the industry will get full support from the government to emerge out of the economic distress caused by the coronavirus and prolonged lockdown. However, he also asked Indian Corporates to take steps to promote local growth and manufacturing.

He told the industry leaders that India must shift its focus on strengthening local supply chains and indigenous manufacturing units. The Prime minister urged them to uplift the domestic industry in India through future operations as India aims to become self-reliant i.e ‘Atma Nirbhar’.

PM Modi said, “Now we have to invest in the creation of a robust local supply chain that strengthens India’s stake in the global supply chain. In this campaign, a big institution like Confederation of Indian Industry (CII) will also have to come forward in a new role post-Corona.”

He added, “Intent, Inclusion, Investment, Infrastructure and Innovation these five things are important to speed up India’s development and make it ‘Atma Nirbhar’. You will get a glimpse of these in the bold decisions recently taken by us.”

PM Modi said the government will further engage in discussion with industry leaders to create more jobs under schemes like ‘Make in India’.

PM Modi told members of the CII, “I request you to come up with a detailed study for each sector. We will together take up more structural reforms that will change the course of our country. We will together make India ‘Atma Nirbhar’, the government is with you.”

PM Modi’s fresh call to the industry comes a day after he lauded the decisions taken by the government on Monday to boost livelihoods of farmers, labourers and workers.

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