TODAY OUR PM ANNOUNCED A BREATHTAKING RS 20 LAKH CRORE ECONOMIC PACKAGE WHICH CAN ALTER THE DESTINY OF OUR NATION.
MY KEY TAKEAWAYS:
1.In 1991, India directly transitioned from an agarian to service based economy without due emphasis on industries.this step is to nullify its negative impact.
2.This does not mean India will now be a protectionist or inward looking economy where imports and FDI (Foreign Direct Investment) will be buckled down.
3.The Government will give more funds and focus to Make In India initiative which was a mixed success. Although more manufacturers were attracted, only assembling took place.
4 Steps will be taken to enhance infrastructure to woo foreign investors
5.Reforms will be taken in land and labor sectors to make them ore business friendly and ease business in our country.
6 India will try to shift disgruntled companies based in China taking advantage of the recent distrust towards our neighbour.
BE SAFE.
Image credit @ the print.