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\nNew Delhi, Sep 11 (PTI): Prime Minister Narendra Modi on Saturday said that India\u2019s economy recovered more strongly as compared to the impact it suffered due to the COVID-19 outbreak. He said that when big economies of the world were busy defending themselves during the pandemic, India was engaged in reforms.<\/p>\n
\u201cCOVID-19 affected the economies of the entire world, including that of India. But our economy has recovered more strongly than it was halted by the pandemic,\u201d Modi said while virtually addressing a gathering after inaugurating Sardhardham Bhavan here, a complex for providing training to job aspirants.<\/p>\n
\u201cWhen big economies of the world were busy defending themselves during the pandemic, we were carrying out reforms. When the global supply chains were disrupted, we introduced the PLI (production-linked incentive) scheme to turn new opportunities in favour of India,\u201d Modi said.<\/p>\n
This scheme has been extended to the textile sector now, he said, adding that the textile sector and cities like Surat can take maximum benefit of the scheme.<\/p>\n
As per the data released by the National Statistical Office (NSO) on Tuesday, India\u2019s economic growth surged to 20.1 per cent in the April-June quarter of this fiscal, helped by a low base of the year-ago period, despite a devastating second wave of COVID-19. The gross domestic product (GDP) had contracted by 24.4 per cent in the corresponding April-June quarter of 2020-21.<\/p>\n
The PLI scheme announced for 10 key sectors, including textile and automobiles by the Centre, is aimed at helping the country\u2019s economy recover faster after the pandemic.<\/p>\n
\u201cWe should look upon ourselves as global economic leader as in the 21st century, India does not have a scarcity of opportunities to make it big,\u201d Modi said.<\/p>\n
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New Delhi, Sep 11 (PTI): Prime Minister Narendra Modi on Saturday said that India\u2019s economy recovered more strongly as compared to the impact it suffered due to the COVID-19 outbreak. He said that when big economies of the world were busy defending themselves during the pandemic, India was engaged in reforms. \u201cCOVID-19 affected the economies […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-171455","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-national"},"_links":{"self":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts\/171455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/comments?post=171455"}],"version-history":[{"count":0,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts\/171455\/revisions"}],"wp:attachment":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/media?parent=171455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/categories?post=171455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/tags?post=171455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}