Prime Minister Narendra Modi on Saturday chaired a meeting with the members of the Economic Advisory Council (EAC) to the prime minister and discussed a plethora of ideas and measures to bolster India's economic growth amid global turmoil. The prime minister and the EAC-PM members discussed various ideas and measures to further boost India's economic growth in times of global turmoil, they said. The members also gave their assessment of the impact of the West Asia conflict on India and the world. West Asia Conflict's Potential Impact Ever since the war in West Asia began, economies around the world have felt adverse impacts in various aspects; be it energy prices spiralling out of control, restriction to air spaces, or security threats. Additionally, conflict and military escalation threatens to push 2.5 million people in India into poverty and the country is projected to experience some loss in its human development progress, according to estimates and projectio...
Prime Minister Narendra Modi has underscored the BJP's hopes for a third term in the 2024 general election, saying the people of India trust the party that brought them this far.
In an interview with Financial times, PM Modi said, "They realise that our nation is on the cusp of a take-off... They want this flight to be expedited, and they know the best party to ensure this is the one which brought them this far."
In the wide-ranging interview, the Prime Minister also spoke of India's foreign policy that in a world that is "interconnected as well as interdependent", job creation, comparisons with China and the government's focus on Make in India.
His government, he said, has shown steady improvement in job creation and focussing on efforts that would make India the next big destination for investment.
"We aspire to create conditions where everyone sees value in being in India to invest and expand their operations here," the Prime Minister told FT.
"We envision a system where anyone from around the world feels at home in India, where our processes and standards are familiar and welcoming," he added.
This path is expected to be smoothed by the country's upward trajectory in terms of relations with world powers -- including the improved relation with the US and the increasing suspicion towards Beijing. .
"Our foremost guiding principle in foreign affairs is our national interest," PM Modi said. "This stance allows us to engage with various nations in a manner that respects mutual interests and acknowledges the complexities of contemporary geopolitics."
Regarding comparisons with China, where many feel India's growth spurt should be bigger than the current rate and concerns about corruption, administrative hurdles, and skills gap among the young, PM Modi said India cannot be compared to China.
"You have done a comparison with China, but it might be more apt to compare India with other democracies," he said.
"It is important to recognise that India wouldn't have achieved the status of the world's fastest-growing economy if the issues you've highlighted were as pervasive as suggested," he said. "Often, these concerns stem from perceptions, and altering perceptions sometimes takes time," he added.
Asked about Opposition allegations against his government that includes "targetting" of his detractors, PM Modi said there is a "whole ecosystem that is using the freedom available in our country to hurl these allegations" through media.
They have the right to do so, but "others have an equal right to respond with facts," he added.
from NDTV News- Special https://ift.tt/1igo9wN
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