Economic recovery faster than Covid-19 dge: PM Modi
NEW DELHI: PM Modi on Saturday said that the Covid-19 pandemic affected the country but the recovery has been faster than the dge. “Covid-19 affected economies of the entire world, including that of India. But our economy has recovered strongly,” Modi said at the inauguration of the Sardardham Bhavan in Ahmedabad.
The PM said India was in reform mode when big economies were in a defensive mode. “When global supply chains were being disrupted, we were launching PLI (production linked incentive) schemes to turn the tide in India’s favour,” said the PM. He said the recently launched PLI in textiles will hugely benefit cities such as Surat.
Latest data showed the economy has continued to recover from the pandemic as curbs have been lifted across the country. The economy grew 20.1% in the April-June quarter of the current fiscal year that ends in March and several key indicators point to a robust recovery in the quarters ahead. Data released on Friday showed that industrial output in July was almost back to pre-Covid levels with an annual rise of 11.5%. The Union cabinet has approved a Rs 10,683 crore PLI scheme for the textile sector and the go nment hopes to garner significant investments in the sector and create fresh jobs. The PLI scheme which covers 10 sectors, including textiles and automobiles, is aimed at attracting investments, creating jobs and boosting economic growth besides in aiding the economic recovery under way.
“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,” said the PM. Experts say the economy is on course to achieve double digit expansion in 2021-22 and the finance ministry has said that rapidly increasing vaccination coverage and richer experience with pandemic management provide the confidence that the recovery can be continued even in the event of a third wave.
The GDP is lower than Bangladesh. Ground reality is bad. I know many people will hate my comment because its anti BJP comment but its time to check our facts and where our country is heading towards. Dr. Subrnya Swami an Harvard economist and BJP MP he himself is openly criticizing and cautioning on indian collapsing economy
印度GDP增速低于孟加拉国。现实情况很糟糕。我知道很多人会不认同我，我这样说是在反人民党，但是时候看清事实和我们国家的走向了。Subrnya Swami博士是哈佛大学经济学家，也是人民党议员，他本人公开批评印度崩 溃的经济并发出警告
iNDIAN ECONOMY IS DOING WELL, THANKS TO MODI
Dr Vidyadhar Yellutla
- US - 22.68 trillion$
- China - 16.64 trillion$
- Japan - 5.38 trillion$
- Germany- 4.32 trillion$
- England- 3.12 trillion$
- India - 3.05 trillion$
- France - 2.94 trillion$
Bangladesh - 352 billion$ we can see Bangaldeshs GDP is in billion $ where as Indias economy is in trillion$
The illiterate PM who doesn't know abc of economics, is talking about country's economy. Please come out of your AC office and check ground reality.
Yes if unpadh modi says so, as all others do not say that our economy is progressing. The fact that we are even below Bangla Desh's progress, say it all but bhakts will disagree and thumbs down this comment.
Why to show this panautis uggly photo in alll news. This chtya must be k1ked out asap.
Chai Lo Chai
Yep! According to the world’s most renowned economist, Baba Moodie.
gas cylinder price has touched rs 986 in Himachal Pradesh shows how economy is rising
One thing is crystal clear, no PM in the history of India has dest yed country's economy as much as done by Modi in the last 7 years!!!
UPA delivered barely $1 Trillion in 10 years and Modi delivered $1.4 Trillion in less than 6 years...
Bhai aap pls rehne do, kabhi kabhi kam bolna hi sahi hota h. Recovery faster than dge? At least padhe likhe logon ko to bewkuf na bnao…we have still not reached pre pandemic levels, so in real terms we are de-growing.
5 trillion economy by 2024
Mr. PM do you really know the meaning of economy recovery? if so I don't think you'll utter nonsense like this.
Shameless idi0t. Surprised how openly he speaks lies without any shame. Jhooot aur jhumla avatar baba just shut up.
Is he an idi0t, insane or crook to speak utter nonsense like this?
Humanity comes first
Feku failed in all subjects now he choose economy for telling lies
Our PM is world class leader to utter lies and do jhumlas without any shame whatsoever. Wonder how he speaks lies so eloquently? His mouth nothing but Factory of lies.
Shanti Swarup Anand
Modi with such comments has shown that he does not understand economy. Supply chain does not indicate economic recovery at best it can be said smooth distribution of imported goods to the people. Where is the production and then where is production linked incentives. Our production has stopped and we have closed units.
Dr. Carmo Costa-Viegas
This guy has started his posturing as if he is behind a rebound economy.He doesn't seem to have the slightest inkling that Indians are resilient and will make it.
thanks Moidji India is safe till you are Pm