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PM Modi slams critics of economic slowdown: Top quotes

PM Modi slammed critics of economic slowdown and listed out the achievements of his government in various fields. He stated that 'a little criticism' will not deter him from working towards building a stronger economy.

By: Express Web Desk | New Delhi | Updated: October 4, 2017 8:52 pm
PM Narendra Modi, Narendra Modi, Company secretaries, GST, Demonetisation, economic slowdown, blackmoney, indian express, india news PM Modi addressing a gathering of company secretaries in New Delhi. (File)

Prime Minister Narendra Modi on Wednesday slammed critics of economic slowdown and listed out the achievements of his government in various fields while addressing a gathering of company secretaries in New Delhi. He stated that ‘a little criticism’ will not deter him from working towards building a stronger economy.

Here are the top quotes from his address:

“It is true that after an average growth of 7.5 per cent in the last three years there was a reduction during April to June this year, but it is equally true that the Government is totally committed to reverse this trend.”

“Dip in economic growth in one quarter has boosted pessimists; not first time growth has dipped to 5.7 per cent in any quarter.”

At one point of time India was part of a new group named-Fragile Five, it was believed to be a ‘dangerous group’ because they had problems with their own economy and also hampered the recovery of global economy as well. This despite the presence of top economists in the then govt.”

“We have taken several important decisions associated with reforms and the govt will continue to do so. Steps are also being taken to maintain the financial stability of the country and to increase investment and to speed up economic growth.”

Read: PM Modi counters economic slowdown critics, says growth rate hasn’t fallen to 5.7% for first time

“We made policy decisions in the field of affordable housing, financial reforms, which were unprecedented for this sector.”

“In the last three years, 87 reforms have been made across 21 sectors. Investment rules for many sectors like defence, construction, financial services, food processing etc have been changed.”

“The previous government in its last three years, spent Rs 4 thousand crores on Renewable Energy. Our government has spent more than Rs 10 thousand 600 crore on this sector in its three years.”

“The government’s policies and plans take into consideration the hard-earned money of its people thus making life easier for the poor and middle-class, and also help them in saving their money.”

“Since opening the economic sector of the country, the foreign investments that have been made in India, if compared with the investments in the past three years, you’ll find out the result of the reforms made by this government.”

“In the path of empowering the country and the citizens I have to face criticism on all quarters, but in my concern for the present I can’t put the future of the country at stake. I will not jeopardise the future of the country for my present gains.”

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  1. K
    Oct 5, 2017 at 4:09 am
    For so many years everyone was wanting to implement GST but when implemented by a Government, knowing fully well that there will be initial hiccups, all the pessimists and opposition parties are spreading all sorts of dooms day scenario as if the country has reached nadir with no hope whatsoever. First time after gaining independence here is a person and as PM thinks only about the welfare of the nation, with no family interests to take care of, and it is only fair to allow him work. He has a mandate for 5 years and if the people do not want him they will remove him but be sure it will not be to satisfy the nay Sayers. I strongly believe in the theory that people will get only a Government that they deserve and if they want to have a Government with scam tainted people in it let them have it. That they will themselves decide in course of time. Krish
    1. G
      George Cruz
      Oct 5, 2017 at 1:24 am
      The world's economic forum, the IMF, US/EU business leaders, etc praise India's economic progress after the Modi took over as the PM, the US/EU like the "make in India" scheme so that they can set up high tech manufacturing facilities in India and take advantage of the highly educated work force in India. The only people who are demonizing Modi are the usual freeloaders like illiterate Muslims/communists, and the recently converted christians who were put on the dole by the missionaries.
      1. M
        Oct 4, 2017 at 11:09 pm
        Conman run out of conjobs.
        1. T
          Oct 4, 2017 at 10:04 pm
          Hardworking Feku’s Fekunomics is working overtime and giving Harvard scholars a run for their money !!!
          1. G
            Oct 4, 2017 at 10:00 pm
            But modiji what happened to 15 lakhs in all people account. Again fooling the public.
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