Home Political News Indian Economy Is Rebounding Fast Says Prime Minister Narendra Modi

Indian Economy Is Rebounding Fast Says Prime Minister Narendra Modi

Prime Minister Narendra Modi has said that while the corona pandemic is struggling, they are focused on shaping the economic recovery. He insisted that the economy was definitely rebounding. “We have re-decked the financial sector and made decisions that will benefit the country in the long run,” he said. He was speaking via video conference on the 125th anniversary of the Federation of Indian Industries (CII).

Modi said the government was pursuing various reforms, so the Indian economy would rebound. He said the government had taken tough steps to fight the coronary pandemic. At the same time, they have taken care of the economy. Modi has called for Atmanibhar Bharat which will help to boost domestic goods and reduce imports.

Modi said, on the other hand, the economy needs to be stabilized while protecting the lives of people on the one hand in the wake of the corona. They want to speed up the economy. He said we would definitely get back to our growth. Farmers, small businesses, and entrepreneurs are confident that economic growth will recover.

He said our growth rate may have slowed down due to the corona pandemic and is now moving from lockdown to unlock. In Unlock Phase 1, the economy has reopened. He said investments, infrastructure, and innovation are essential for India to grow again. Also, said the reforms were not random or unintentional. However, plans made for future structure.

Modi said the reforms up to them meant taking bold steps to make decisions that would benefit the country. Growth is back, he said. “I am very confident that we will grow back as the past and this may come as a surprise to you,” he said.

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