Page 33 - NIS English December1-15

l Growth of 55 per cent in Foreign Direct PRIME MINISTER SAYS INDIA CAN BECOME
GOVERNMENT INITIATIVES
Investment (FDI) inflows from $231.37 Billion A $5 TRILLION ECONOMY BY 2024
in 2008-14 to $358.29 Billion in 2014-20 Even as the COVID-19 pandemic has affected
l As per UN report, South Asia recorded a 10 the economy and its growth, Prime Minister
per cent increase in FDI to $60 Billion and Narendra Modi is confident that India can
this growth was driven by India still be a $5 Trillion economy by 2024. During
l In the Ease of Doing Business ranking, India an interview to an English daily, the Prime
is currently at 63rd position. This was 142 in Minister said while this year the growth was
2014 not at a desired pace due to the pandemic, the
l From April to August 2020, the FDI inflow country will try and run faster in the next year to
has been $35.73 Billion. This is the highest make up for the loss. India is the third-largest
ever for the first five months of the financial economy in terms of purchasing power parity.
year “We want India to become the third-largest in

terms of current US dollar prices as well. The $5
l The last 5 months have seen a 13 per cent rise in Trillion target will help us achieve that,” said the
FDI inflows compared to the last year Prime Minister. He also said the Government
l It is because of the strength of our systems that has a track record of meeting targets. “We met
we could provide foodgrains to around 800 million the rural sanitation target before the deadline,
people, money to 420 million people, and free we met the village electrification target before
cooking gas to around 80 million families the deadline, we met the 8 Crore Ujjwala
l We have an ambitious plan to invest $1.5 Trillion connections target too well before the deadline.
under the National Infrastructure Pipeline. A So, going by our track record and continuing
pioneering multi-modal connectivity infrastructure reforms, people also have confidence in our
master plan is being finalised. India has embarked abilities to reach the target,” he added.
on a massive infrastructure building spree of AHEAD OF NEIGHBOURING COUNTRIES IN
highways, railways, metros, waterways and GREENFIELD PROJECTS
airports across the country The Prime Minister in the interview said 154
l Recent reforms in agriculture opened up new Greenfield projects from the US have come
possibilities to partner with farmers of India. With to India in 2020, compared to 86 in China, 12
the help of technology and modern processing in Vietnam and 15 in Malaysia. This is a clear
solutions, India will soon emerge as an agriculture indication of global confidence in India’s growth
export hub story going forward.
l National Education Policy allows setting up of SCIENCE-DRIVEN APPROACH IN
campuses of foreign universities. National Digital RESPONSE TO COVID-19
Health Mission provides scope for fin-techs. The Prime Minister said that the pro-active
measures taken in the early stages of COVID-19
pandemic have helped the Government to
FAITH ON PRIME MINISTER GIVES
prepare the defence against it and India has
CONFIDENCE TO INVESTORS the lowest COVID-19 mortality rate in the world.

India is constantly performing better in terms of Positive learning in the past few months has
foreign investments. To increase the production, been the significance of delivery mechanisms
the Government is promoting the idea of Industrial that reach the last mile. Much of this delivery
Corridor and Special Economic Zone along with a mechanism was built in the first term of the
Project Development Cell. Government and it helped immensely in facing
this once-in-a-century pandemic

New India Samachar 31