Report Wire - India amongst fastest-growing economies because of Centre’s pro-active interventions: President Murmu

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India amongst fastest-growing economies because of Centre’s pro-active interventions: President Murmu

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India among fastest-growing economies due to Centre's pro-active interventions: President Murmu

By ANI

NEW DELHI: Noting that India has been among the many fastest-growing main economies, President Droupadi Murmu has stated most sectors of the economic system have shaken off the pandemic impact and this has been attainable because of “timely and pro-active interventions from the government”.

In her deal with to the nation on the eve of the 74th Republic Day, the President stated India grew to become the fifth largest economic system on this planet final yr and the achievement got here amid excessive international financial uncertainties.

The President stated that within the nation’s mission ‘Sarvodaya’ (the upliftment of all), essentially the most encouraging has been the progress made on the financial entrance.

“Last year, India became the fifth largest economy in the world. It needs to be underlined that this achievement comes against the backdrop of high economic uncertainties around the world. The pandemic has entered the fourth year, affecting economic growth in most parts of the world.”

She stated in its preliminary section, COVID-19 additionally damage India’s economic system badly however the nation quickly got here out of the downturn.

ALSO READ | India to be USD 3.7 trillion economic system in 2023: RBI

“Guided by our able leadership and driven by our resilience, we soon came out of the downturn, and resumed the growth saga. Most sectors of the economy have shaken off the pandemic effect. India has been among the fastest-growing major economies. This has been made possible by timely and pro-active interventions from the Government. The ‘Atmanirbhar Bharat’ initiative, in particular, has evoked great response among people at large.”

She stated there have additionally been sector-specific incentive schemes.

“It is a matter of great satisfaction that those on the margins have also been included in the schemes and programmes and they have been helped in tiding over difficulties.”

The President stated that by implementing the Pradhan Mantri Garib Kalyan Anna Yojana introduced in March 2020, the federal government ensured meals safety for poor households at a time when the nation was going through financial disruption within the wake of the unprecedented outbreak of COVID-19.

“Because of this help, no one had to go hungry. Keeping the welfare of poor families paramount, the duration of this scheme was extended successively, benefiting about 81 crore fellow citizens. Further extending this assistance, the Government has announced that even during the year 2023, the beneficiaries will get their monthly ration free of cost,” she stated.

ALSO READ | India@75: How Indian economic system regained its mojo and the way it may be the chicken of gold once more

“With this historic move, the government has undertaken the responsibility of caring for the weaker sections while also enabling them to benefit from economic development,” she added.

President Murmu stated with the economic system on a sound footing, the nation has been capable of start and carry ahead a collection of praiseworthy initiatives.

“The ultimate goal is to create an environment in which all citizens can, individually and collectively, realise their true potential and prosper.”

She stated as training builds the appropriate basis and for this goal, the National Education Policy has launched bold adjustments.

“It rightly addresses the two-fold goals of training: as an instrument of financial and social empowerment and as a way to discover the reality. The coverage makes our civilisational classes related for modern life, whereas additionally getting ready the learner for the 21 st century challenges.

She stated National Education Policy appreciates the function of know-how in increasing and deepening the training course of.

NEW DELHI: Noting that India has been among the many fastest-growing main economies, President Droupadi Murmu has stated most sectors of the economic system have shaken off the pandemic impact and this has been attainable because of “timely and pro-active interventions from the government”.

In her deal with to the nation on the eve of the 74th Republic Day, the President stated India grew to become the fifth largest economic system on this planet final yr and the achievement got here amid excessive international financial uncertainties.

The President stated that within the nation’s mission ‘Sarvodaya’ (the upliftment of all), essentially the most encouraging has been the progress made on the financial entrance.

“Last year, India became the fifth largest economy in the world. It needs to be underlined that this achievement comes against the backdrop of high economic uncertainties around the world. The pandemic has entered the fourth year, affecting economic growth in most parts of the world.”

She stated in its preliminary section, COVID-19 additionally damage India’s economic system badly however the nation quickly got here out of the downturn.

ALSO READ | India to be USD 3.7 trillion economic system in 2023: RBI

“Guided by our able leadership and driven by our resilience, we soon came out of the downturn, and resumed the growth saga. Most sectors of the economy have shaken off the pandemic effect. India has been among the fastest-growing major economies. This has been made possible by timely and pro-active interventions from the Government. The ‘Atmanirbhar Bharat’ initiative, in particular, has evoked great response among people at large.”

She stated there have additionally been sector-specific incentive schemes.

“It is a matter of great satisfaction that those on the margins have also been included in the schemes and programmes and they have been helped in tiding over difficulties.”

The President stated that by implementing the Pradhan Mantri Garib Kalyan Anna Yojana introduced in March 2020, the federal government ensured meals safety for poor households at a time when the nation was going through financial disruption within the wake of the unprecedented outbreak of COVID-19.

“Because of this help, no one had to go hungry. Keeping the welfare of poor families paramount, the duration of this scheme was extended successively, benefiting about 81 crore fellow citizens. Further extending this assistance, the Government has announced that even during the year 2023, the beneficiaries will get their monthly ration free of cost,” she stated.

ALSO READ | India@75: How Indian economic system regained its mojo and the way it may be the chicken of gold once more

“With this historic move, the government has undertaken the responsibility of caring for the weaker sections while also enabling them to benefit from economic development,” she added.

President Murmu stated with the economic system on a sound footing, the nation has been capable of start and carry ahead a collection of praiseworthy initiatives.

“The ultimate goal is to create an environment in which all citizens can, individually and collectively, realise their true potential and prosper.”

She stated as training builds the appropriate basis and for this goal, the National Education Policy has launched bold adjustments.

“It rightly addresses the two-fold goals of training: as an instrument of financial and social empowerment and as a way to discover the reality. The coverage makes our civilisational classes related for modern life, whereas additionally getting ready the learner for the 21 st century challenges.

She stated National Education Policy appreciates the function of know-how in increasing and deepening the training course of.