Govt's decisions will impact future positively, says VP M Venkaiah Naidu
Chennai: Vice-President M Venkaiah Naidu on Thursday expressed confidence that the various fiscal decisions of the central government, including demonetisation and GST, would have a positive impact on the national economy and lead to all-round progress in the coming years.
“I am aware of the initial difficulties that the exporters have been facing due to these steps. However, I am sure they will be resolved soon,” he said at a function here to present the fourth and fifth sets of Federation of Indian Export Organisations (FIEO) Southern Region Export Excellence Awards.
The GST council would be addressing the concerns of the exporters, he said, adding, “India’s exporters need to focus on new markets and products including sunrise products which show higher growth in global trade including electric, electronics and telecommunication equipments, apart from agro-processed food and labour intensive products”. Stressing that growth must be inclusive and the common man should stand to benefit and feel they are part of the development process, Mr Naidu said India had been a prominent player in global trade in ancient times and all must now collectively propel it once again. Reiterating that people should learn many languages, the Vice President said, “Preference should be given to the mother tongue. However, people should also be ready to learn different languages and nothing should stop them from doing so”.
“Prime Minister Narendra Modi, during his Mann Ki Baat programme, has asked North Indian people to learn at least one south Indian language,” he pointed out.
In his keynote address, Governor Banwarilal Purohit said the recent introduction of GST has been a “morale booster” in enabling seamless movement of goods across the country. “Statistically speaking, the States in the southern region contribute nearly a quarter of the total exports and it is estimated that this will reach a figure of 30 per cent within the next five years,” he said. Among the southern states, Tamil Nadu is the largest contributor, with almost half of the total exports of the southern infrastructure seeing considerable growth in exports in recent years, Governor Purohit said.
