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Reforms helped change image of India, says PM Modi | India News


NEW DELHI: The spate of reforms unveiled by the government has helped change the perception about India on the global stage and investors who were sceptical about the country are taking a renewed interest, PM Narendra Modi said on Saturday as he mounted a strong defence of the changes undertaken across a raft of sectors ranging from manufacturing, farming, taxation and labour.
“There was a situation in the past when investors would question ‘why India’?. With reforms (of past six years) and their effects, its proposition has changed to ‘why not India’,” Modi said in his address at the foundation week ceremony of industry lobby group Assocham.
The PM’s strong backing of reforms comes against the backdrop of the farmers’ protest to repeal the reforms undertaken in the farm sector.
“The world trusts the Indian economy. Record FDI and FPI during the pandemic is a testimony of that,” said Modi, adding that 1,500 archaic and obsolete laws and framing new changes to keep pace with the changing investment order was an example of the government’s outlook. He urged the industry to increase domestic investment in line with the increased confidence of the world. “From a non-existent culture for innovation to a new ecosystem promoting and nurturing start-ups has given the world confidence to say ‘why not India’,” Modi said.
The PM said India is also capable of helping the world while meeting its needs. Even during the pandemic, India has taken the responsibility of being the pharmacy of the world and delivered essential medicines across the globe. “Now even in the case of vaccines, India will fulfil its needs and also meet the expectations of many countries,” said Modi.
He urged industry to provide a global platform for showcasing the products of rural artisans. He said this would help bridge the rural-urban divide. The PM also stressed the need for the Centre to work together with state governments, farm organisations and industry associations for better promotion of the country’s organic farm products, better infrastructure and better market. “ If our farm sector gets properly promoted, gets proper infrastructure, gets better markets, then the entire rural economy can scale new heights,” the PM said. He urged the industry to make all efforts to make India self-reliant and said investment in research and development must be stepped up.
This came even as Modi urged people to read and share widely an e-booklet issued by the government highlighting how the recent agri-reforms help farmers, PTI reported.

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