New Delhi, 25 May (IANS). The Confederation of All India Traders (CAT) said on Sunday that India’s rise as the fourth largest economy in the world is the direct result of Prime Minister Narendra Modi’s visionary leadership and strong rule.
Describing this achievement as historic, MP from Chandni Chowk in Delhi and CAT general secretary Praveen Khandelwal said that it reflects Prime Minister Modi’s economic reforms, digital change initiatives and the success of inclusive development policies.
He said, “India’s economic uplift is the story of reform, strength and resurrection.”
According to Khandelwal, public-centric governance, fiscal discretion and business-supporting strategies have converted India into the world’s development engine.
Khandelwal said that prominent Yajnas such as Make in India, Digital India, Startup India, speed power and production-linked incentive (PLI) schemes have played an important role in promoting infrastructure, attracting record foreign investment and strengthening major sectors of the economy.
He further said that this milestone will create big opportunities for small businesses to adopt digital techniques and move forward.
According to Khandelwal, “India’s better global situation will also increase the confidence of investors, resulting in FDI, increase in capital flow and intensive integration with global value chain.”
According to Khandelwal, India’s growing economy will help generate more employment and promote young entrepreneurship.
He said, “This will also help the government to invest more in modern infrastructure, smart cities, rural development, education, healthcare and welfare schemes.”
He said that India’s continuous progress in digital innovation, fintech, AI, space research and green technology will intensify its global leadership in the coming years.
Khandelwal said, “This is a moment of pride for every Indian. As India is moving forward, it is becoming a symbol of opportunity, stability and progress in the uncertain global world.”
-IANS
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