Published On : Sun, Feb 15th, 2015

Modi promises more reforms before budget

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Speaking in Pune today where he was inaugurating the multimodal manufacturing facility set up by American giant GE Corporation, Prime Minister Modi assured investors more reforms as he rolled out the red carpet to multinationals, inviting them to make use of the large pool of highly talented youth in the country.

“I invite all those who want to participate in the economic development of the country to generate employment for our youth. Your (investors) growth is also linked to our growth,” the Prime Minister said.

“In this age of competitive world, I assure corporates across the world that India is a land where they can find talents which can help them manufacture products that are very competitive. Calling upon the investors to utilise the talent of large educated youth population, he said, “we have the highest demographic dividend, as 65% of our population are below 35 years. Our talented youth have power to attract investments from across the world. Our skill power can also attract the investors.”

Modi also assured his administration will make it very easy to start or carry on business in India by easing the norms, procedures, laws and policies.

He gave some indications of the direction his Govt. is taking in developing India. Railways was going to be a core area where budget allocations are likely to increase.
“Railways are not just to transport people who want to travel across the country. We will make them tools of our development by utilizing them more for transporting goods and accessing the furthest corners of India” he promised.
Arun Jaitley will present the NDA government’s first full Budget on February 28 with some analysts wondering whether it would be a reform oriented budget following the debacle BJP faced in the recently held Delhi elections.