PM Narendra Modi says World accepts India will be the major engine of global growth in the coming decades

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National News

Oct 07, 2018

8:51PM

PM Narendra Modi says World accepts India will be the major engine of global growth in the coming decades

@BJP4UK

Prime Minister Narendra Modi has said that the country is going through a period of rapid transformation. Inaugurating Destination Uttarakhand: Summit 2018 in Dehradun today, he said, the world has accepted that India will be a major engine of global growth in the coming decades.

Mr. Modi said, speed and scale of economic reforms in the country is unprecedented. The Prime Minister said, India has improved by 42 ranks in the Ease of Doing business rankings. He said, the Insolvency and Bankruptcy Code has made doing business easier. Mr. Modi said, the implementation of GST is the biggest tax reform since independence.

Highlighting his government’s performance during the last 4 years, Mr Modi said, fiscal deficit has come down and inflation has been brought under control by the efforts of the government.

The Prime Minister said that the infrastructure sector is progressing rapidly. He spoke of the fast pace of road construction, railway line construction, new metro systems, high speed rail project, and dedicated freight corridors. He said, the recently launched Ayushman Bharat scheme will spur the development of medical infrastructure in the tier 2 and tier 3 cities.

The Prime Minister said that New India is a great destination for investment, and “Destination Uttarakhand” represents this spirit. Mr. Modi spoke of initiatives being taken in the food processing and renewable energy sectors. He also mentioned the achievements of the “Make in India” initiative.