Narendra Modi at ASSOCHAM: Around 6 Years Back, Indian Economy Was Heading Towards Disaster, BJP Government Has Helped Stabilise It
Talking in reference to India moving 14 ranks up in the ease of doing business rankings, PM Modi said, "You climb up the 'Ease of Doing Business' rankings when you work hard day and night, when you bring about a change in the policies, starting from the ground."
New Delhi, December 20: While speaking at the ASSOCHAM annual conference, PM Narendra Modi spoke about how the BJP government has helped to stabilise the economy. According to an ANI tweet, he said, "Five-six years back our economy was heading towards disaster, our government has not only stabilised it but also made efforts to bring discipline to it. We have paid attention to fulfilling the decades-old demands of the industry."
PM Modi further spoke about how the government has tried to formalise most sectors of the economy. He said, "We are moving forward by using technology to modernize and speed-up the economy." Hiring in IT, MNCs & StartUps Fall in 2019, Slowdown Expected to Continue Next Year As Well: Report
Check ANI tweet:
Talking in reference to India moving 14 ranks up in the ease of doing business rankings, PM Modi said, "You climb up the 'Ease of Doing Business' rankings when you work hard day and night, when you bring about a change in the policies, starting from the ground." India was placed at the 63rd position in comparison to 77th in the previous year. India Moves 14 Ranks Up in Ease of Doing Business Rankings, Nirmala Sitharaman Says Govt Will Fix Glitches in GST Filing.
He further expressed how the government is working to bring transparency, efficiency and accountability by moving towards faceless tax administration.
Talking about how FDI inflow has increased in India in the last few years, Modi explained, "I have two meanings of FDI. One popularly known as Foreign Direct Investment and the other I call is 'First Develop India" PM Narendra Modi's statements come at a time when India is reportedly facing an economic slowdown and it is being witnessed across all major industries. From hiring freeze to layoffs and plants being shut, the economic scenario is in a dismal state.
(The above story first appeared on LatestLY on Dec 20, 2019 12:40 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).