‘The world crisis will not be able to do any harm to us…’ PM Modi took the biggest bet on self-reliance

There is an atmosphere of tremendous turmoil in the entire world at this time. Especially the tension in West Asia (Middle East) is continuously deepening, due to which a shadow of uncertainty and fear is looming in the global markets around the world. Prime Minister Narendra Modi has come into full action mode to ensure that there is no break on India’s growth rate and economic momentum amidst these crises around the world. PM Modi today chaired a very important and high-level meeting of the Prime Minister’s Economic Advisory Council (PM-EAC). Well-known economists and policy experts of the country participated in this special meeting. The only and biggest agenda of the meeting was how to keep India’s economic progress completely safe amidst this huge tension going on across the world.

The maze to keep India safe amid worldwide crises

During this important meeting, all the members of the Economic Advisory Council presented the complete outline of the changing global economic situation to Prime Minister Narendra Modi. In the meeting, there was a deep discussion on how the ongoing conflict and war-like situation in the world is directly impacting the energy market, inflation, global supply chain and international business. Big experts analyzed closely what impact geo-political tensions could have on India’s macro-economic stability. Along with this, utmost emphasis was given on the need to take immediate and specific policy steps to avoid any major damage to domestic economic activities.

PM Modi made this special and big appeal to the countrymen

Amidst this serious discussion, Prime Minister Narendra Modi once again repeated the great mantra of ‘self-reliance’ in front of the country. He said in clear words that in times of such global crisis, it is most important for the country to be self-reliant. PM Modi advocated rapid increase in strategic investment in energy infrastructure, nuclear power and domestic manufacturing. Along with this, PM Modi has also made a big and very special appeal to the general public of the country. He said that the citizens of the country should pay special attention to saving fuel and use public transport as much as possible to reduce the pressure on India’s foreign exchange reserves.

Government’s big emphasis on making business and investment easier

Let us tell you that in this big meeting, not only foreign crises and international issues were discussed, but making the investment environment within the country more wonderful and strong was also discussed in detail. The entire focus of the government is now on reducing the burden of compliance (government rules), improving service delivery and giving rocket speed to the productivity of the country. PM Modi clearly told the officials and experts that we will have to take such long-term steps to strengthen the fundamentals of the economy, so that no matter what major crisis comes in the world, it does not have any negative impact on India.

Despite global tension, India’s position is very strong

Amidst this outcry across the world, the matter of relief is that India’s economic foundation still stands in a very strong position. After this new strategy of the government and the tough decisions of PM Modi, it has become clear that even after the global recession and the sound of war, India is fully prepared to maintain its growth rate.