He said that reform process was followed up in govt’s fiscal policies. The fiscal deficit that was 4.4% in 2013-14 has been targeted to be brought down to 3.3% in 2018-19. Inflation rate has been brought down to 3.3% in 2017.
PM talked about the legislative actions that the govt has taken which have considerably improved the economic outlook. He talked about laws such as ..
– the forgotten Benami Act
– Insolvency and Bankruptcy Code
– Fugitive Economic Offenders Act,
– Insurance Laws Amendment Act
– Real Estate (Regulations and Development) Act Which have brought in considerable changes in the overall economic scenario in the country.
PM further said that the govt is
– focusing on incentivising job creation across the manufacturing and services sector
– investing in future generations to provide better health care through Ayushman Bharat
– MUDRA loans that number more than 13 crores, the start-ups that have come up and are flourishing, are all contributing to the growth story
– the IMF, World Bank and the ADB are also recognising India as a bright star as far as economic growth is concerned.
The Prime Minister also reiterated govt’s resolve for women’s security and their empowerment, adding that the empowerment of women is a central theme that runs through government programmes.
– No country can progress if its women are not full partners in the development process
– We understood this need to challenge and change traditional mindsets
– This is the first time in the history of independent India that we have two women in the Cabinet Committee on Security, the minister of external affairs and the minister for Defence.
– The triple talaq bill is in response to a long-standing injustice done to Muslim women in India.
– The anti-trafficking Bill attempts to address one of the most pervasive yet invisible crimes affecting the most vulnerable women and children.
– Construction of toilets in millions under Swachh Bharat Abhiyan augments women safety and security