Tuesday, January 31, 2023
HomeEconomyIndia’s economy picking up pace, industry needs to enhance risk-taking appetite: PM...

India’s economy picking up pace, industry needs to enhance risk-taking appetite: PM Modi

While addressing CII's annual meeting, Modi assured support to the industry & said that India is receiving record FDI because of reforms done in the last few years.

Text Size:

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.


Also read: 2 dead, over 40 feared buried under debris as landslide hits Himachal Pradesh’s Kinnaur


 

Subscribe to our channels on YouTube & Telegram

Support Our Journalism

India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that.

Sustaining this needs support from wonderful readers like you.

Whether you live in India or overseas, you can take a paid subscription by clicking here.

Support Our Journalism

Most Popular