New Delhi, Nov 6: Indian Prime Minister Narendra Modi on Friday said the economy has performed better on all parameters including inflation and foreign investment in the past 17 months and stressed on inclusive reforms that improve people’s lives and not just grab headlines.
He also said the government’s efforts to bring back black money stashed abroad have detected as much as Rs 10,500 crore.
“India is doing better than when we took office 17 months ago. GDP growth is up and inflation is down, foreign investment is up and CAD is down, revenues are up…the fiscal deficit is down and the rupee is stable. Obviously this did not happen by accident…This success is a result of a series of well thought policies,” he said.
Terming reforms to transform India as “a marathon and not a sprint”, Modi said such measures should aim at improving the lives of people.
Modi’s observations came while inaugurating the Delhi Economics Conclave 2015, which is being attended by economists from India and abroad.
