MISSION OR STRATEGY

To become ‘Atmanirbhar’ is not merely a vision, but a well-planned strategy; as expressed by the Prime Minister Narendra Modi recently in Virtual Global Investor Round Table-2020. This conference is very important according to him. Even his emphasis was on India’s growth story. Categorically Modi stressed upon India’s economy to be a large contributor to global growth. With this a vibrant India can contribute for the process of stabilization in World Economic Order. PM’s aim is to make India the engine of global growth resurgence. Many elephants of World economic sphere took part in this confrence where the discussion was mainly around India’s Economic and Investment Outlook, Structural Reforms and government’s vision for 5 trillion dollar economy. When in one side of the world epidemic corona is moving ahead, in the other hand economy of the world is sluggish. So, each country moves for the growth of the ecconomy in a strategic manner among which India is one. Here the reaction of  ex-governor of Reserve Bank of India Rangarajan over the above point is very much positive. He described the economical crisis in India at present is equal to the coma stage of a patient who within a short span can reback to his original form. Now the unlock process started; so with that coma period of economy in India is over. Going one step ahead, the Prime Minister declared that all complaints of foreign investors since 6 years will be reviewed and he himself will meet each investor. Many global institutional investors representatives took part from USA, Europe, Canara, Japan and Singapore etc. In order to attract them, PM Modi told 4-D can help for long-term investment, which are Democracy, Demography, Diversity and Demand. It is needless to tell, above all bureacracy is a vital factor for long period investment. PM perhaps can deal with it and that is why he told emphatically, ‘If you want returns with reliability, India is the place to be. If you want demand with democracy, India is the place to be. If you want stability with sustainability, India is the place to be. If you want growth with a green approach, India is the place to be’. Now it is to be seen to which extent India can avail the cream of world industry under the leadership of Prime Minister Narendra Modi.

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