Centre, states need to work closely to boost economic growth: PM Narendra Modi

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February 20, 2021 11:48 AM

Prime Minister Narendra Modi on Saturday made a strong case for repealing archaic laws and making it easier to do business in India stating that the centre and states need to work closely to boost economic growth.

narendra modi"Centre and states should work together for the nation's progress... Government has to respect and give due representation to the private sector for economic progress," Modi said. (Photo source: IE)

Prime Minister Narendra Modi on Saturday made a strong case for repealing archaic laws and making it easier to do business in India stating that the centre and states need to work closely to boost economic growth.

Addressing the Governing Council meeting of Niti Aayog, the Prime Minister said that the private sector should be given full opportunity to become a part of government’s Aatmanirbhar Bharat programme.

“Centre and states should work together for the nation’s progress… Government has to respect and give due representation to the private sector for economic progress,” Modi said.

He said that the positive response to the Union Budget 2021-22 indicates that the country wants to move forward on the path of development at greater speed.

Modi said that the initiatives taken by the government would provide opportunity to everyone to participate in nation building to its full potential.

Referring to the farm sector, the Prime Minister said that efforts should be made to produce agriculture items like edible oil and reduce their imports. “This can be done by guiding farmers,” he said, adding the money being spend on imports can go to the accounts of farmers.

The Prime Minister also underlined the need for reducing compliance burden on people and asked the states to form committees to reduce regulations which are no longer relevant in the wake of technology.

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