MODI DEFINES HIS VISION ON REFORMS
EVERY STEP COUNTS Not just big-ticket reforms, PM counts switch to LED bulbs, efforts to curb kerosene use as successes
PM Modi with HT Media chairperson and editorial director Shobhana Bhartia at the HT Leadership Summit on Friday.
NEW DELHI: There is no one right way to making economic progress. Results can come in many different ways, some of which may not be conventional but no less effective, Prime Minister Narendra Modi said Friday as he defended his administration’s reform record. The path his government has chosen, the Prime Minister said, is one that uses common sense to solve problems, even as big-ticket policy reforms get stuck in political and legislative quagmire. Modi, who swept to power last year raising hopes of a quick turnaround in a sagging economy, has lately come under pressure from investors to move faster on economic reforms. But on Friday, he urged business leaders, policy analysts and opinion makers to look afresh at the work done by his 19-monthold government. “Results can come in other ways, too, not necessarily in the way you think right... Change does not happen all of a sudden. One has to work towards it,” Modi said in a speech that opened the annual Hindustan Times Leadership Summit in New Delhi. To buttress his point, the Prime Minister listed a number of accomplishments that may not have made headlines, but have effectively addressed some of the problems that have plagued the country for years, or decades. Take for example, he said, the drive to replace existing light bulbs with LEDs, which consume much less electricity. A fifth of the 100-city drive is already complete. Once all these cities have replaced their bulbs with LEDs, they will save 21,500 Mw of electricity every year.