Economy is on path to recovery, says PM Modi; lists 5 top indicators

Economy is on path to recovery, says PM Modi; lists 5 top indicators

PM Modi says India has emerged as a friendly country in terms of investment, which is evident in foreign direct investment numbers; India has made steady recovery in manufacturing too, he adds

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Prime Minister Narendra ModiPrime Minister Narendra Modi
BusinessToday.In
  • Oct 29, 2020,
  • Updated Oct 29, 2020 1:35 PM IST

Prime Minister Narendra Modi has identified five indicators that will ensure the Indian economy stays on the revival path. He said the five indicators (agriculture, FDI, automobiles, manufacturing, and EPFO) have bounced back despite the COVID-19 hitting the Indian economy hard.

Modi said the country is proud of its farmers who had broken all records despite COVID-19 pandemic. He added the government has also done record procurement by offering the highest MSP to farmers.

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"These two factors - record production and record purchase - are going to inject significant income in the rural economy which will have its own virtuous cycle of demand generation," he said.

Prime Minister Narendra Modi has identified five indicators that will ensure the Indian economy stays on the revival path. He said the five indicators (agriculture, FDI, automobiles, manufacturing, and EPFO) have bounced back despite the COVID-19 hitting the Indian economy hard.

Modi said the country is proud of its farmers who had broken all records despite COVID-19 pandemic. He added the government has also done record procurement by offering the highest MSP to farmers.

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"These two factors - record production and record purchase - are going to inject significant income in the rural economy which will have its own virtuous cycle of demand generation," he said.

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