Prime Minister Shri Narendra Modi said that the goal of achieving the 5 Trillion Dollar Economy is achievable.
He was participating at the inaugural session of the Hundred Years of ASSOCHAM in New Delhi today.
Addressing a gathering of leaders from the Corporate World, Diplomats and others, the Prime Minister said that the idea of making India a 5 Trillion Dollar worth economy is not a sudden one.
He said that in the past five years the country had made itself so strong that it not only could set for itself such a target but also make efforts in that direction.
“Five years before, the economy was heading for disaster. Our Government not only stopped this but also brought in a discipline in the economy”
“We brought in fundamental changes in India’s Economy so that it can run with set rules in a disciplined manner. We have met with the decades old demands of the Industrial Sector and we have built a strong foundation for a 5 Trillion Dollar Economy”
He said, “We are building the Indian Economy on two strong pillars of formalisation and modernisation. We are trying to bring in more and more sectors into the horizon of formal economy. Along with this we are linking our economy with latest technology so that we can speed up the process of modernisation”
“Now instead of several weeks it merely takes a few hours to register a new company. Automation is helping quick Trading across borders. Better linking of Infrastructure is reducing the turn-around time at Ports and Airports. And these are all examples of a modern economy. “
“Today we have a Government that listens to the Industry, understands its needs and which is sensitive to its suggestions.
Prime Minister said that the country could make a significant jump in the rankings of Ease of Doing Business due to a sustained effort.
“Ease of Doing Business may sound just like four words, but in order to improve its rankings there is a lot of effort that goes into it including changing the policies and rules at the ground level”
Prime Minister also emphasised the efforts being made towards a faceless Tax Administration in the country in order to reduce the human interface between the tax payer and the authorities.
“In order to bring about transparency, efficiency and accountability in the Tax System, we are moving towards a faceless Tax Administration”, he said.
Prime Minister said that the Government has decriminalised several laws in the Corporate Sector in order to reduce the burden and allow the industry to function in a fearless ecosystem.
“You know that there were several provisions of the Company Act as per which even small deviations were also dealt as a Criminal Offence. Our Government has now decriminalised many such provisions. And we are trying decriminalise many other provisions.”
Prime Minister said that the Corporate Tax at this time in the country is the lowest ever and this would propel a boost in the economic growth.
“The Corporate Tax is the lowest at the moment, meaning if there is any Government that is taking the lowest Corporate Tax from the Industry, then it is ours”
Prime Minister also spoke about the efforts being made towards bringing about Labour Reforms.
He also spoke about the sweeping reforms in the Banking Sector to make it more transparent and profitable.
“Owing to the steps taken by the Government today 13 Banks are on the path of profit which 6 banks are out of PCA. We have also hastened the process of unification of the Banks. Today banks are expanding their countrywide networks and are in the direction of achieving Global recognition”
He said with this overall all round positivity the economy is propelling towards a 5 Trillion Dollar target. Prime Minister said that the Government would invest 100 Lakh Crore Rupees in the infrastructural sector and another 25 Lakh Crore Rupees in the Rural Sector in order to provide support to achieve the target.
आपने अपने सेन्टेनरी सेलीब्रेशन की जो थीम रखी है, वो देश के, देशवासियों के लक्ष्यों और सपनों के साथ जुड़ी है: PM @narendramodi
— PMO India (@PMOIndia) December 20, 2019
बीते पाँच वर्षों में देश ने खुद को इतना मजबूत किया है कि इस तरह के लक्ष्य रखे भी जा सकते हैं और उन्हें प्राप्त भी किया जा सकता है: PM @narendramodi
— PMO India (@PMOIndia) December 20, 2019
हमने अर्थव्यवस्था के ज्यादातर आयामों को Formal व्यवस्था में लाने का प्रयास किया है।इसके साथ ही हम अर्थव्यवस्था को आधुनिक टेक्नोलॉजी का इस्तेमाल करते हुए Modernize और Speed-Up करने की दिशा में भी आगे बढ़े हैं: PM @narendramodi
— PMO India (@PMOIndia) December 20, 2019
Ease of Doing Business कहने में चार शब्द लगते हैं लेकिन इसकी रैंकिंग में बदलाव तब होता है जब दिन-रात मेहनत की जाती है, जमीनी स्तर पर जाकर नीतियों में, नियमों में बदलाव होता है: PM @narendramodi
— PMO India (@PMOIndia) December 20, 2019
टैक्स सिस्टम में Transparency, Efficiency और Accountability लाने के लिए हम Faceless Tax Administration की ओर बढ़ रहे हैं: PM @narendramodi pic.twitter.com/xmtthdx7AT
— PMO India (@PMOIndia) December 20, 2019
Labor Reforms की बातें भी बहुत वर्षों से देश में चलती रही हैं।कुछ लोग ये भी मानते थे कि इस क्षेत्र में कुछ न करना ही लेबर वर्ग के हित में है। यानि उन्हें अपने हाल पर छोड़ दो, जैसे चलता रहा है, वैसे ही आगे भी चलेगा।लेकिन हमारी सरकार ऐसा नहीं मानती: PM @narendramodi pic.twitter.com/8K6oJdDEOG
— PMO India (@PMOIndia) December 20, 2019
सरकार द्वारा उठाए गए कदमों की वजह से अब 13 बैंक मुनाफे में वापस आ चुके हैं। 6 बैंक PCA से भी बाहर निकल चुके हैं।हमने बैंकों का एकीकरण भी तेज किया है।बैंक अब अपना देशव्यापी नेटवर्क बढ़ा रहे हैं और अपनी ग्लोबल पहुंच कायम करने की ओर अग्रसर हैं: PM @narendramodi pic.twitter.com/PTqtQqxCx9
— PMO India (@PMOIndia) December 20, 2019
मैं आज Assocham के इस मंच से, देश की बैंकिंग से जुड़े लोगों को, कॉरपोरेट जगत के लोगों को ये विश्वास दिलाना चाहता हूं कि अब जो पुरानी कमजोरियां थीं, उस पर काफी हद तक काबू पा लिया गया है।इसलिए खुलकर फैसले लें, खुलकर निवेश करें, खुलकर खर्च करें: PM @narendramodi pic.twitter.com/548muR79M1
— PMO India (@PMOIndia) December 20, 2019
इसी Positivity के आधार पर हम 5 ट्रिलियन डॉलर की इकोनॉमी की तरफ बढ़ने वाले हैं।आने वाले वर्षों में इंफ्रास्ट्रक्चर पर 100 लाख करोड़ रुपए का निवेश, इसे ताकत देगा।देश की ग्रामीण अर्थव्यवस्था पर 25 लाख करोड़ रुपए का निवेश इस लक्ष्य को प्राप्त करने में मदद करेगा: PM @narendramodi pic.twitter.com/tp7LlMKeR8
— PMO India (@PMOIndia) December 20, 2019
