New Delhi: PM Modi Said on Saturday that though the country faces challenges due to COVID-19, it will not put brakes on the pace of ongoing economic progress, and promised measures to accelerate it further in the new year.
“We have to accelerate it (economic reforms) further in 2022,” Modi said, adding that India’s economy has a growth rate of over 8% and the country has reported record foreign investment. His remarks came as he released the 10th installment of financial benefits worth Rs 20,946 crore to over 10 crore landholder farmer families, including 2.3 crore in Uttar Pradesh, under the Centre’s flagship income support scheme. PM-Kisan), and equity grant of over Rs 14 crore to 351 Farmer Producer Organization (FPO) which will benefit more than 1.2 lakh farmers.
Addressing farmers on New Year’s Day, the PM said, “Many economic indicators are looking better than in the pre-Covid 19 phase… foreign currency Stocks have reached record levels. The old record-DS has also been left behind in GST collection. We have also set new records in terms of exports, especially in agriculture.” He added that out of over 50,000 start-ups currently operating in India, 10,000 came up during the last six months.
He also interacted with FPOs from various states on the occasion and noted how the collective strength of farmers through these organizations would enhance bargaining power, scale, innovation, risk management and ability to adapt to market conditions. Today our farmers are getting benefited from schemes like ‘Ek’ district one Products and markets, both country and global, are opening up for them,” the PM said.
The PM also recalled India’s effort in fighting the pandemic, introducing vaccination and making arrangements for the vulnerable sections.
“We have to accelerate it (economic reforms) further in 2022,” Modi said, adding that India’s economy has a growth rate of over 8% and the country has reported record foreign investment. His remarks came as he released the 10th installment of financial benefits worth Rs 20,946 crore to over 10 crore landholder farmer families, including 2.3 crore in Uttar Pradesh, under the Centre’s flagship income support scheme. PM-Kisan), and equity grant of over Rs 14 crore to 351 Farmer Producer Organization (FPO) which will benefit more than 1.2 lakh farmers.
Addressing farmers on New Year’s Day, the PM said, “Many economic indicators are looking better than in the pre-Covid 19 phase… foreign currency Stocks have reached record levels. The old record-DS has also been left behind in GST collection. We have also set new records in terms of exports, especially in agriculture.” He added that out of over 50,000 start-ups currently operating in India, 10,000 came up during the last six months.
He also interacted with FPOs from various states on the occasion and noted how the collective strength of farmers through these organizations would enhance bargaining power, scale, innovation, risk management and ability to adapt to market conditions. Today our farmers are getting benefited from schemes like ‘Ek’ district one Products and markets, both country and global, are opening up for them,” the PM said.
The PM also recalled India’s effort in fighting the pandemic, introducing vaccination and making arrangements for the vulnerable sections.
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