Friday, December 2nd, 2022 17:31:18

PM interacts with economists on economic agenda

Updated: January 9, 2021 12:14 pm
Prime Minister Narendra Modi  interacted with India’s leading economists on charting the economic agenda in the post covid world. The interaction was organised by the NITI Aayog. All the attendants agreed that high frequency indicators are showing signs of a strong economic recovery and that too earlier than expected.

Prime Minister Modi appreciated the inputs received from the participants and highlighted the crucial role such interactions played in setting the national development agenda. He highlighted how the Covid-19 pandemic and the subsequent management threw up new professional challenges for all those involved. Mr Modi underlined that together with a fiscal stimulus, the government also tried reform based stimulus, which was seen through historic reforms in agriculture, commercial coal mining and labour laws.

The Prime Minister explained his vision behind an Atmanirbhar Bharat, where Indian companies are integrated in global supply chains in a manner not seen before. He underscored  the faith shown by foreign investors in India’s growth story, with foreign direct investment growing by 11 per cent between April and October, despite a global recession. Mr Modi highlighted the economic potential set to be unleashed by the National Optical Fibre Network, providing internet connectivity to some of India’s most remote areas.

On infrastructure, the Prime Minister highlighted the National Infrastructure Pipeline as the government’s commitment to developing world class infrastructure. The Prime Minister  stated the importance of partnerships in achieving the goals and  that such consultations play a crucial role in setting the broader economic agenda.

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