President Pranab Mukherjee on Monday said Indian economy has revived and is poised to achieve a growth rate of 7.5% in the next two years.
“We can say confidently that our economy has revived and our prospects are brighter as we are poised to grow at 7.5% in both 2016 and 2017,” he said at a conference here on ‘Enabling Make in India through Industry Academia Innovation Platform’, jointly organised by CII and IIEST.
Mukherjee said current account deficit has come down to 1.1% of GDP from 1.3% of GDP last year.
Mentioning 2008 economic crisis, he said several bodies across the world had to revise their targets but in that uncertainty India has done well.
He also emphasised on providing quality education to India’s youths.
“We must improve the quality of our hard work and standards of higher institutions. If we want to achieve a high place in the international community, we must have a knowledge society,” Mukherjee said.
He said recent initiatives like Make in India, improving the ease of doing business, Invest India, Skilling India and Start-up India aim to address some of these issues and boost our capacity for growth.
India has initiated the Make in India programme in 25 sectors of the economy, where both national and multinational companies have been invited, he said.
Sourced from PTI, Featured image courtesy: en.wikipedia.org
