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Economy will bounce back, Modi assures industry
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SME Times News Bureau | 02 Jun, 2020
Showing confidence in the Indian economy and the recent measures
announced by the government, Prime Minister Narendra Modi on Tuesday
said that India will be back on its growth track soon, post the severe
jolt due to the coronavirus pandemic.
Speaking at a video
conference to the industry body CII, the Prime Minister said that he has
faith in the technology, innovation and intellect of the country which
would help the economy revive.
Noting that strengthening the
economy in times of corona is among the government's highest priorities,
he said: "Trust me, getting back growth is not that difficult."
Speaking
of the Aatmanirbhar Bharat economic package announced by the Finance
Minister Nirmala Sitharaman in May to help revive the economy post the
corona crisis, he said that the package would work as fuel for the
growth of the MSME sector.
He also said that labour reforms are
being done to support workers and increase jobs and private
participation in strategic sectors is becoming a reality as the
government has allowed private players in space and atomic energy
research segments.
Modi also said that with the latest decision
to amend the APMC Act, the farmers will now be free from the dependence
on middle-men and will be able to sell their produce anywhere they want
to.
"Post-independence laws made farmers dependent on middle-men. They will now get their rights post amendment to APMC Act."
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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UK Pound
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Euro
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| As on 24 Jun, 2026 |
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