President Pranab Mukherjee today said the Narendra Modi government at the Centre was taking correct steps to maintain growth by opening more FDI to bring investments to the country.
‘Whether you like it or not globalization is there and globalization is going to stay and we have to look which are the countries having surplus money for investment,’ Mr Mukherjee said while addressing the 86th annual general meeting of the Indian Chamber of Commerce (ICC). He underlined the need for more reforms to achieve growth saying, ‘Reform cannot be stopped and it is a continual process,’ to sustain a growth between 8 to 9 per cent for India to combat poverty. He also stressed the need for PPP model saying the private investors have a major role to play in shaping India’s economy towards achieving 8 to 9 per cent growth. Mr Mukherjee stressed on creating infrastructures, both physical and social, to create job.
He said the country needed 200 million skilled workers by 2020 and for this the President emphasized on the nation’s health and education to achieve the growth.
He said to meet that target, the gap between domestic savings and investment would have to be bridged. He said he was happy that the government was fully aware of this and was taking steps in that regard.
At the outset, Mr Mukherjee said, only a couple of years ago he was instrumental in shaping plans and policies that are in place. But now he only listens and watches and cannot comment because of his constitutional obligations. Earlier, former Bihar deputy chief minister Sushil Kumar Modi said West Bengal can lead the resurgence in eastern India as this ‘untapped’ area has huge potential to grow.
He also urged the politicians of West Bengal to shun the ‘idea’ that being pro-business meant being anti-people.
‘Without business how can the government become pro-people,’ he said to drive home his point.
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