Prime Minister Narendra Modi today attended the ‘Advancing Asia: Investing for the future’ event in New Delhi. The event was organized by the International Monetary Fund. Speaking at the event the PM said that the 21st century belonged to Asia.
Shri Modi spoke at length as how India dispelled the myth that democracy and rapid economic growth could not go together. Adding further the PM stated that India had shown that a large, diverse country could be managed in a way that could promote economic growth and maintain social stability.
Prime Minister Modi highlighted several initiatives of the Government that were boosting entrepreneurship and strengthening the country. The PM also mentioned about increased investment in the agriculture sector and Government’s aim to double farmers’ income. He also noted that corruption and interference in the decisions of banks and regulators have been reduced in the country.
The Prime Minister also expressed his part of content on IMF’s decision to finalize the next round of quota changes by October 2017.
Madam Lagarde the long pending quota revisions agreed in 2010 have finally come into effect: PM @narendramodi at MOF-IMF Conference
— PMO India (@PMOIndia) March 12, 2016
Reform of global institutions has to be an on-going process: PM @narendramodi
— PMO India (@PMOIndia) March 12, 2016
It must reflect changes in the global economy, and the rising share of emerging economies: PM @narendramodi
— PMO India (@PMOIndia) March 12, 2016
Even now IMF quotas do not reflect the global economic realities: PM @narendramodi
— PMO India (@PMOIndia) March 12, 2016
I am, therefore very happy that the IMF has decided to finalize the next round of quota changes by October 2017: PM @narendramodi
— PMO India (@PMOIndia) March 12, 2016
India has always had great faith in multi-lateralism: PM @narendramodi
— PMO India (@PMOIndia) March 12, 2016
The Fund has built up an immense stock of economic expertise. All its members should take advantage of this: PM @narendramodi
— PMO India (@PMOIndia) March 12, 2016
All of us need to pursue policies that provide a stable macro economy, enhance growth and further inclusion: PM https://t.co/Eyb66wFITJ
— PMO India (@PMOIndia) March 12, 2016
Apart from advice the IMF can help in building capacity for policy making: PM @narendramodi
— PMO India (@PMOIndia) March 12, 2016
Many knowledgeable people have said that the twenty first century is and will be the Asian Century: PM @narendramodi
— PMO India (@PMOIndia) March 12, 2016
Asia is the ray of hope for global economic recovery: PM @narendramodi
— PMO India (@PMOIndia) March 12, 2016
India has a special place in Asia. It has historically contributed to Asia in several ways: PM @narendramodi https://t.co/Eyb66wFITJ
— PMO India (@PMOIndia) March 12, 2016
India has dispelled the myth that democracy and rapid economic growth cannot go together: PM @narendramodi https://t.co/Eyb66wFITJ
— PMO India (@PMOIndia) March 12, 2016
India has also shown that a large, diverse country can be managed in a way that can promote economic growth & maintain social stability: PM
— PMO India (@PMOIndia) March 12, 2016
Our rapid economic growth is also very distinct in Asia. We have never tried to gain in trade at expense of our partners: PM @narendramodi
— PMO India (@PMOIndia) March 12, 2016
We have achieved major gains in macro economic stability: PM @narendramodi
— PMO India (@PMOIndia) March 12, 2016
Corruption and interference in the decisions of banks and regulators are now behind us: PM @narendramodi
— PMO India (@PMOIndia) March 12, 2016
Entrepreneurship is booming, following a series of steps we have taken: PM @narendramodi
— PMO India (@PMOIndia) March 12, 2016
We have increased investment in the rural and agriculture sector, because that is where a majority of India still lives: PM @narendramodi
— PMO India (@PMOIndia) March 12, 2016
But our help to the farmers is not based on giving hand-outs. We aim to double farmer incomes: PM @narendramodi
— PMO India (@PMOIndia) March 12, 2016
.@narendramodi India's ties with the IMF are more than 70 years old. #AdvancingAsia pic.twitter.com/unB8sZ16XF
— IMF (@IMFNews) March 12, 2016
