The Lead

Economy picking up pace, industry needs to increase risk taking appetite: PM

 

New Delhi: Prime Minister Narendra Modi on Wednesday said that the country’s economic growth is picking up pace again and the domestic industry needs to enhance its risk-taking appetite.

He also said that taking reforms is a matter of conviction for the government, which is ready to take all risks in the national interest.

“We have taken bold decisions. Reforms continued even during pandemic. The government is doing reforms not out of compulsion but out of conviction,” he said while addressing the CII’s annual meeting.

Assuring all support to the industry, Modi said that India is receiving record foreign direct investment (FDI) because of reforms done in the last few years.

He added that now Indians want made in India goods irrespective of the origin of the company that is producing the goods.

On growth of startups in the country, he said India now has 60 unicorns, 21 of them reaching that status in the last few months.

 

The Dispatch is present across a number of social media platforms. Subscribe to our YouTube channel for exciting videos; join us on Facebook, Intagram and Twitter for quick updates and discussions. We are also available on the Telegram. Follow us on Pinterest for thousands of pictures and graphics. We care to respond to text messages on WhatsApp at 8082480136 [No calls accepted]. To contribute an article or pitch a story idea, write to us at [email protected] |Click to know more about The Dispatch, our standards and policies