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India doing better in last 17 months: Modi

DECCAN CHRONICLE | PAWAN BALI
Published Nov 7, 2015, 6:10 am IST
Updated Mar 27, 2019, 5:11 am IST
GDP and FDI up, corruption down, says PM
Prime Minister Narendra Modi (Photo: PTI)
 Prime Minister Narendra Modi (Photo: PTI)
New Delhi: Prime Minister Narendra Modi said on Friday that key economic indicators — like GDP, inflation, FDI, fiscal deficit and current account deficit — had improved significantly in the 17 months since the NDA came to power. 
 
Dismissing criticism on the lack of big-bang reforms, Mr Modi said the economic reforms had to be for “sabka vikas” (development for all), and not just for “better headlines in the pink papers”.
 
He said the NDA brought corruption down, which “even our worst critics do not dispute”, and if the Centre can sustain this, “what can be a more transformative reform?”
 
“GDP growth is up and inflation down. Foreign investment is up and the CAD is down. Revenues are up and interest rates are down. The fiscal deficit is down and rupee is stable,” the PM said addressing economists at the 6th Delhi Economics Conclave.
 
 

 

 

 

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