Key Points
Prime Minister Narendra Modi on Friday said despite raging global uncertainties, India was in a sweet spot today and was defying growth predictions by top global rating agencies...
We are confident of an even better performance,he said listing reasons behind Indias self-confidence which, he said, was todayat another level as was the worlds faith in India...
Describing the third straight election win of his BJP-led NDA dispensation as a reflection of peoples growing faith in governments ability to change their lives for the better, the Prime Minister said there were concrete reasons behind Indias self-confidence...
This is the result of structuredreforms over the past ten years which have transformed our macroeconomic fundamentals, said Modi, citing few examples of reforms to boost growthbanking reforms which have raised lending capacities; GST which has integrated a range of central and state taxes; Insolvency and Bankruptcy Code that has spurred a developed a new credit culture; private entry into defence and space, liberal FDI regime and modern infra push...
We are now encouraging states to give pace to reforms, he said listing Indias growing potential in that the country is now the fifth largest global economy GDP wise; number one in Global Fintech adoption rate; worlds top smartphone data consumption; second in the number of internet users; home to half of the global real time digital transactions; the worlds largest start-up ecosystem; the worlds largest mobile, two wheeler and tractor manufacturer and above all the worlds youngest nation with the third largest pool of scientists and technicians...
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