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

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.