Govt will push economic reforms, maintain fiscal stability: PM Modi
India’s Prime Minister Narendra Modi vowed on Sunday that economic reforms would continue and the government would maintain financial stability while initiating these measures.
“After the reforms and hard decisions, the economy of the country is on track and in the right direction... We will take all necessary steps to increase investments and bring in economic development,” Modi said, addressing a rally in Dahej. He said several economists have described the fundamentals of the economy as robust.
Earlier, after landing in the industrial town of Dahej in Bharuch from the Ro-Ro ferry service that he inaugurated in Ghogha+ , Bhavnagar, Modi said financial stability of the country would be maintained while initiating reforms.
Congress vice-president Rahul Gandhi had attacked Modi during his recent campaign in Gujarat, after economic growth slowed to a three-year-low of 5.7 per cent in the June quarter.
“Looking at the recent figures, the production of coal, electricity, natural gas and other items has increased significantly. Foreign investors are making huge investments in the country. Foreign exchange reserves too have reached US$400 billion (F$823.82bn),” Modi said. In Vadodara, where he inaugurated projects worth Rs 3,600 crore, Modi made an indirect appeal to people of Gujarat to ensure that the government at the Centre and state remain the same. While Modi did not say this directly, he pointed out that the state had progressed well when there was conducive leadership in the Centre.