Industry welcomes PM's firm resolve to place India among top economies

Press Trust of India  |  New Delhi 

Terming Modi's speech as progressive, industry bodies today said his nearly 90 minutes address to the nation from historic reiterated the growing confidence of the world in the Indian growth story.

He placed special emphasis on doubling farmers' income and stated that diversification of agriculture is taking place through new sectors such as fisheries and bee-keeping.

In a statement, of industry chamber CII said the speech reiterated the growing confidence of the world in the Indian growth story and emphasised that would continue to lead in different areas, including the fourth industrial revolution.

Industry body welcomed "firm resolve" of the to position among the top economies of the world.

"The reforms initiated in the last few years, including RERA, IBC and GST, have started yielding results, and there is no doubt that the continuance of the reform mode will usher in a high growth phase going ahead. This will certainly strengthen India's position in the global economy, and help in reaching to the top," said

Shah added that the Indian economy is already witnessing the signs of economic revival, and the industry is ready to capitalise on it and turn it into 8 per cent plus growth phase in coming years.

"Prime Minister's confidence in leading the fourth industrial revolution, which will be knowledge-based, is an opportunity for Indian industry to show its real potential. dedicates itself to this exercise," he said.

CII said the announcement of the Pradhan Mantri Jan Aarogya Abhiyaan for health under the Ayushman Bharat scheme from September 25 is a milestone for the nation.

"With access to quality for 500 million people, the country will be able to make huge progress as people will feel secure and confident about their lives. This is really the need of the hour," Mittal said.

Founder and Chairman of Prathap C Reddy said the Jan Arogya Abhiyan is a call to arms to the medical fraternity to rise to the occasion and work towards easing the woes of crores of Indians.

"We welcome the initiative, by which the government takes on the burden, and shares the cost of providing to those who cannot afford it. It is heartening to see the rapid progress made in a short time since the scheme was announced, and will be welcome relief to millions of poor patients when it is launched next month," he said.

The is likely to benefit 50 crore people in the country.

(AB-NHPM) aims to provide a coverage of Rs 5 lakh per family annually, benefiting more than 10 crore poor families.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 15 2018. 16:20 IST