Prime Minister Narendra Modi addressed CII’s 125th anniversary today where he said that the government has taken ample steps to revive faltering economy as alarm bells ring for Indian economy. Stating that he has confidence in India’s growth story, PM Modi said that he is sure Indian economy will revive on the back of entrepreneurs, frontline warriors, industrialists and others who are working ceaselessly in these dire times. Further, he also enumerated the government’s recent efforts towards making India a self reliant economy and improving India’s farm and MSME sector. Top industry leaders including Uday Kotak and Vikram Kirloskar also attended the event where the panel discussed ‘how to get growth back’. Meanwhile, as coronavirus continues to take its toll on the world economy, India is no different and rating agency Moody’s Investors Services has also downgraded its India rating from Baa2 to Baa3 for the first time in couple of decades and has maintained a negative forecast for this year. The recently released GDP numbers and manufacturing data have also not been promising with fiscal deficit also increasing to 4.6%.