New Delhi: PM Modi on Saturday said that the Covid-19 pandemic affected the state but recovery was faster than damage.
“Covid-19 affects the worldwide economy, including in India.
But our economy has recovered strongly,” Modi said at the inauguration of Sardardham Bhavan in Ahmedabad.
PM said India in reform mode when a large economy was in defensive mode.
“When the global supply chain is disrupted, we launch the PLI scheme (production incentives related) to change water in support of India,” PM said.
He said the new PLI launched in textiles would greatly benefit cities such as letters.
The latest data shows the economy continues to recover from pandemic because the sidewalk has been appointed throughout the country.
The economy grew 20.1% in the April-June quarter of the current fiscal year which ended in March and several major indicators showed a strong recovery in the front quarter.
The data released on Friday showed that industrial output in July almost returned to the pre-covid level with an annual increase of 11.5%.
The Union Cabinet has approved the PLI Crore Rs 10.683 scheme for the textile and government sector hoping to collect significant investment in this sector and create fresh work.
The PLI scheme which includes 10 sectors, including textiles and cars, is intended to attract investment, create jobs and increase economic growth in addition to helping the current economic recovery.
“We must see ourselves as a global economic leader in the 21st century.
India does not have a scarcity of opportunity to make it great,” said PM.
Experts say the economy is on track to achieve a two-digit expansion in 2021-22 and the Ministry of Finance has said that vaccination coverencing rapidly and richer experience with pandemic management provides confidence that recovery can be continued even in terms of third wave.
PM said the inaugurated dormitory facilities would also help many girls to advance.
He said the sophisticated building, a modern hostel and a modern library would empower young people.
PM said sustainable efforts were being carried out to advance the parts of the people left behind.
He said that on the one hand, the work was carried out for Dalit Rights and to the back of socially and on the other side of the 10% reservation had been given to those who economically retreated.
These efforts create new beliefs in the community, he said.
Modi said the national education policy would prepare students for the skills requested on the market.
He said the ‘Indian mission skills’ is also a big priority for the country.
Economic recovery is faster than Covid-19 damage: PM Modi
