PM Modi calls private sector as ‘Partner in Progress'

New Delhi, July 9 (KNN) Prime Minister Narendra Modi said that private sector is our ‘partner in progress’ as he highlighted the efforts made by the government to promote this idea. 

He was speaking at the first Arun Jaitley memorial lecture on Friday. 

“The trust for both the private and public sectors has brought about immense optimism about the India growth story,” he added. 

He stressed that his government hasn’t allowed ‘populist impulses come in the way of policy-making’. 

Comparing the responses of many counties during the outbreak of covid-19, he said the world announce bailout packages for a demand-driven recovery but we adopted a ‘people-first’ approach, under which we sought to protect the vulnerable individuals as well as MSMEs. 

“Now, we can clearly see the difference between the recovery in India and that in other countries,” he added.

PM Modi said that several advanced countries, including the US and in Europe, that had rolled out massive bailout packages to spur demand are not just witnessing runaway inflation but are staring at recession.

This government isn’t undertaking reforms under compulsion; rather they are matter of conviction for it, Modi said. 

So, in the past eight years, whatever reforms the government has undertaken, those have created scope for newer reforms, he said.  (KNN Bureau)