Economy headed for destruction, NDA govt turned it around with discipline and positivity : PM Modi
New Delhi : GDP growth is downward to a six-year low, PM Narendra Modi Friday said, the economy was diredted ‘towards destruction 5-6 years ago.’ NDA government turned it around with ‘discipline and positivity’.
In the inaugural session of ‘100 years of Associated Chambers of Commerce and Industry of India (ASSOCHAM)’ in New Delhi, Modi said, the government trying to make the country a $5 trillion economy and a global economic powerhouse.
These talks are positive,” he said, ‘the government listen to the farmer, the labourer and the entrepreneur as well. The government has brought ‘discipline and positivity’ in the economy. The country has strengthened itself in a major way and thus, we can achieve the $5 trillion economy target.
He said, that 5 years ago India’s economy was running towards annihilation. Our Govt has brought discipline and positivity. I today want to assure those associated with the banking sector and corporate sector, that we have been to an extent successful in controlling the earlier weaknesses. So take decisions invest and spend without any hesitation.
Highlighting his government’s initiatives including bringing in Aadhaar and the implementation of the GST, the PM said it wants to formalise and modernise the economy. From providing measures to increase digital transactions to GST, and from Aadhar linked payments to DBT, we’ve tried to include such positive moves. We brought the GST. According to the suggestions and feedback we received from the industry sector, we made the necessary changes.
Modi’s address comes at a time when the government has been facing allegations of losing confidence among corporates. Bajaj Group chairman Rahul Bajaj, in the presence of Home Minister Amit Shah, and Finance Minister Nirmala Sitharaman said industrialists were not able to criticise the government openly.
