Prime Minister Narendra Modi’s three sutras for government functioning: Na abhaav (no inadequacy in governance), Na dabav (no pressure from excessive government) and Prabhav (Facilitation) — will be the guiding spirit to reach a $5-trillion economy, said Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs.
She was delivering an address, ‘Road map to $5-trillion economy’, at the Nani Palkhivala Centenary Celebrations organised by the Palkhivala Foundation here on Sunday.
“So you should neither have a shortfall (in governance) nor pressure from a (excessive) government. Therefore, the route to a $5-trillion economy is that the government should be there as a facilitator and make it easy for the business to function,” Sitharaman said.
She added that the government has delivered transformative changes (and not incremental ones) to ensure a rapid growth in its economy.
GST, the Insolvency and Bankruptcy Code (IBC) and demonetisation are some of the transformative measures taken by the Modi government, she added.
Taking States along
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