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India has dispelled the myth that democracy & rapid economic growth cannot go together: PM Modi

Published By : Admin | March 12, 2016 | 09:26 IST
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Prime Minister Narendra Modi today attended the ‘Advancing Asia: Investing for the future’ event in New Delhi. The event was organized by the International Monetary Fund. Speaking at the event the PM said that the 21st century belonged to Asia.

Shri Modi spoke at length as how India dispelled the myth that democracy and rapid economic growth could not go together. Adding further the PM stated that India had shown that a large, diverse country could be managed in a way that could promote economic growth and maintain social stability.

Prime Minister Modi highlighted several initiatives of the Government that were boosting entrepreneurship and strengthening the country. The PM also mentioned about increased investment in the agriculture sector and Government’s aim to double farmers’ income. He also noted that corruption and interference in the decisions of banks and regulators have been reduced in the country.

The Prime Minister also expressed his part of content on IMF’s decision to finalize the next round of quota changes by October 2017.  

Click here to read the full text speech

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