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Industry needs to increase risk taking appetite: Prime Minister Narendra Modi

Prime Minister Modi said that taking reforms is a matter of conviction for the government, which is ready to take all risks in the national interest

  • Money9
  • Last Updated : August 11, 2021, 18:07 IST
"You all are winners and role models. You should not play with pressure. I hope you all will give your best and medals will follow. You will make the country proud. In spite of all the difficulties in your lives, you did not lose heart and kept on fighting. By your hard work and strong will, you have reached this stage against all odds. You are going the represent the country in the biggest sporting stage", Modi said.

Prime Minister Narendra Modi on Wednesday said that the country’s economic growth is gathering pace and the domestic industry needs to enhance its risk-taking capabilities.

Speaking at the CII Annual Session 2021, Prime Minister Modi said that taking reforms is a matter of conviction for the government, which is ready to take all risks in the national interest.

“Today, there is a government which is ready to take the risks in the interest of the nation. We not only implemented GST but today we are witnessing record GST collection. I have and will always be ready to solve the challenges of our industry and will always be open to their suggestion,” he said.

“We have taken bold decisions. Reforms continued even during pandemic. The government is doing reforms not out of compulsion but out of conviction,” the prime minister said.

The prime minister said that India is receiving record foreign direct investment (FDI) because of reforms done in the last few years.

“India is ready and committed to growing with the new world. India is today welcoming all types of investments and is taking major leaps in ease of doing business ranking,” he added.

Published: August 11, 2021, 18:06 IST

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