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
This story is from the January 20, 2020 edition of The Hindu Business Line.
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This story is from the January 20, 2020 edition of The Hindu Business Line.
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