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Economy Recovery Quicker Than Damage Due To Covid-19: PM Modi
PM Modi
Prime Minister (PM) Narendra Modi acknowledged the Covid-19 pandemic’s impact on the country but asserted that the recovery has been quicker than the damage.
Inaugurating the Sardardham Bhavan in Ahmedabad, PM Modi cited the example of the production-linked incentive (PLI) scheme to explain that India was in reform mode at a time when big economies were acting defensively.
He further added that the PLI initiative started for textiles will greatly benefit certain cities like Surat.
The PM asserted that there was a need for the country to look at itself as a global economic leader in the ongoing century.
“We should look upon ourselves as a global economic leader in the 21st century. India does not have a scarcity of opportunities to make it big,” the 70-year-old further added.
India’s GDP grew at a 20.1 per cent on an year-on-year basis in the April-June quarter of the current fiscal. Similarly, the industrial output in July 2021 was nearly back to pre-Covid levels as it showed an annual growth of 11.5 per cent.
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