In 2 years, Modi Govt has transformed Indian biz landscape: Industry

“The macro-economic situation has seen a lot of improvement and we are on a firm footing to accelerate growth further. Government has made an earnest effort to address some of the most pressing challenges at hand in order to strengthen the key levers of the economy. India’s GDP has witnessed a steady increase and is expected to grow at a healthy pace even amidst a fragile global economy,” Neotia said.  “Inflation has been range bound with the government making concerted effort to check the pressure points on prices. Further, the resolve to stick to the fiscal deficit target has send a positive message to the international community”, he added. Neotia further said that, this improvement has been a combined result of a well laid out strategy and a good implementation plan. The government’s emphasis on five key building blocks – policy reforms, procedural reforms, global outreach, devolution of power to states and a clear ambition – have helped India move on to a higher and a sustainable growth trajectory.

Government’s balanced approach towards policy reforms has been commendable with due weight being given to addressing both economic and social challenges. Creation of meaningful livelihood opportunities remains a top priority and this in fact has been central to the major campaigns (Make in India, Skill India, Digital India, Standup India Startup India) initiated by the Modi government. He added that, the youth of this country is our most important asset and channelising their energies in a positive manner will clearly help in taking the nation forward. It is heartening to see these initiatives gaining traction on ground.

 Further, due attention is being given to strengthen the country’s social security framework. The three social security schemes Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY) will allow access to affordable protection to the underprivileged sections of the society. Also, the massive success of the Jan Dhan Yojana has been exemplary and has set the base for the greater financial inclusion and better targeting of subsidies. 

“The continuous effort to provide a conducive environment for businesses is also praiseworthy. It has been a constant endeavour of the government to reduce complexity in the business environment and put a transparent and seamless ecosystem in place. 

“These steps have already started yielding results and we can see large investments getting committed both by foreign and domestic investors. We look forward to the era of complete digitisation to facilitate the objective of minimum government and maximum governance”, added Neotia.

The untiring efforts made towards enhancing India’s global outreach are laudable. The government has sent a strong message to the global community. Under the leadership of PM Modi we have strengthened relations with our long-standing partners as well as evolved a series of new partnerships that are important both from an economic and strategic viewpoint.