Indian economy on right track to recovery: PM Narendra Modi to CMs in Covid-19 meeting

Indian economy on right track to recovery: PM Narendra Modi to CMs in Covid-19 meeting

Mangalore Today News Network

New Delhi, Jun 16, 2020: Prime Minister Narendra Modi ahead of his virtual interaction with chief ministers of all states and union territories on Tuesday said that economic activity is now picking up after it had come to a halt in the aftermath of the nationwide lockdown to contain the spread of the novel coronavirus.

 

"Two weeks have passed since Unlock-1, our experience during this time could be beneficial for us in the future. Today, I will get to know ground reality from you, your suggestions will help in chalking out a future strategy," Prime Minister Narendra Modi said. He added, "The recovery rate has gone above 50 per cent in India", referring to the number of recovered patients exceeding active cases.

"In the future, whenever India’s fight against Corona is examined, this time will also be remembered because we worked together, presented a fine example of cooperative federalism," PM Modi said.

He went further to say that this has to be kept in mind that our economy will open as much as we are able to stop Corona, our offices, markets, modes of transport will open that much and new sources of income will open that much.

"The smaller factories we have are in need of guidance, hand-holding. I know that a lot of work is being done on this under your (CMs) supervision. So that trade and industry can catch up to its old pace, we will have to work together on value chains as well," Prime Minister Narendra Modi said in his opening address.
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In reference to the agriculture sector, the Prime Minister said that farmers have benefited greatly from the reforms done in the marketing of produce. "It has provided farmers with new ways to sell their products, their income will increase and we will also be able to decrease the loss faced by them due to lack of storage," PM Modi told chief ministers.

Reiterating his push for local products, the PM said that the cluster-based approach adopted by the government will benefit each state. "It is important that that identify such products in each block and each district that can be rolled out into the nation’s and the world’s markets with processing or marketing," Prime Minister Narendra Modi concluded.


courtesy: Hindustan Times