SME Times News Bureau | 15 Aug, 2019
Prime Minister Narendra Modi on Thursday said that India
should boost its exports and each district of the country can play a role in
this regard.
He said that the country should boost exports and each
district of India can contribute to the country's exports.
In his 73rd Independence Day speech, the Prime Minister said that the ruling
NDA government has been able to both control the inflation rate and increase
economic growth in the country, which usually cannot be managed in tandem.
"Sometimes growth rate rises but inflation does not remain in control, and
sometimes inflation is controlled but growth rate slows down. But this is a
government which has controlled inflation along with increasing the growth
rate. The fundamentals of our economy are very strong and this strength gives
us the faith of growing," he said.
"Today, the Government in India is stable, policy regime is
predictable...the world is eager to explore trade with India," he added.
This Independence Day comes in the backdrop of a big economic slowdown amidst a
liquidity crunch, the impact of which is being particularly felt in the
automobile and fast moving consumer goods (FMCG) sectors.
Stressing the need for domestic manufacturing, Modi said that Indians should
buy 'Made In India' products.
"Our priority should be a 'Made in India' product. Can we think of
consuming local products, improving rural economy and the MSME sector," he
said.
Underlining the need for making local products attractive and creating more
export hubs, he said the government's principle for exports is "zero
defect, zero effect".