Ahead of the Union Budget 2024, Prime Minister Narendra Modi emphasized the need for deeper and bolder reforms to drive higher economic growth in India. Speaking at a meeting with top economists, industry leaders, and policymakers, PM Modi outlined his vision for the country’s economic future. He stressed that India’s growth potential remains immense, and to realize it fully, reforms must be implemented across various sectors.
Source:- bbc news
The Prime Minister underlined the importance of innovation, entrepreneurship, and enhancing ease of doing business to make India a global economic powerhouse. He highlighted that India must focus on strengthening key sectors such as manufacturing, infrastructure, and digital technologies, with an emphasis on sustainability and inclusive growth. Additionally, PM Modi stressed the need to address challenges in agriculture and rural development to ensure balanced and equitable growth.
Source:- news 18
Acknowledging the global economic uncertainties, PM Modi called for self-reliance (Atmanirbhar Bharat) while promoting greater international collaboration. He urged for policies that encourage long-term investments and ensure financial stability, with a particular focus on boosting exports and improving the business environment.
The Prime Minister also pointed to the need for structural reforms in labor laws, taxation, and governance to make the economy more dynamic and resilient. He urged the government to focus on initiatives that will empower small businesses and ensure that the benefits of growth are widely distributed across society.
Ahead of the budget presentation, the Prime Minister’s call for bold reforms has set the tone for India’s economic priorities, which will likely center around fostering innovation, improving infrastructure, and ensuring sustainable, inclusive growth for all.
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