The slew of measures announced by Government during last year and PM Modi meeting with 60 entrepreneurs and business leaders over the past week showed that the Government is serious about the country’s economic growth.
There is no doubt that the country’s economy is struggling with Global Economic slowdown, but Govt. is keen to revive economic growth.
Over the past week, PM Narendra Modi met several business leaders and entrepreneurs to seek feedback on various sectors as well as suggestions on policy measures to boost growth and accelerate the drive toward a $5-trillion economy by 2025.
Those who have attended these meetings so far include Uday Kotak, CEO, Kotak Mahindra Bank; Rajnish Kumar, Chairman, SBI; Aditya Puri, MD, HDFC Bank; IT industry veteran, TV Mohandas Pai; Ex-Finance Secretary, Hasmukh Adhia; Tech Mahindra MD, CP Gurnani; Intel India General Manager, Nivruti Rai, and TCS CEO, Rajesh Gopinathan.
“Each of these meetings lasted more than two hours and saw a candid exchange of ideas as to how the government and industry can work together to improve business sentiment, investment and boost creation of jobs,” said a person aware of the deliberations.
These meetings were one-on-one, and enabled the PM to get information on the ground situation.
“He wanted to listen and encouraged us to come forward with recommendations for the economy,” said Tech Mahindra CEO CP Gurnani. “Some of the specific suggestions were around setting up an AI university, judicial reforms, etc,”
“We made some suggestions about why the slowdown happened and what measures need to be undertaken and what is lacking…We felt that he is very focussed on getting the economy back on track and he surely will,” said Mohandas Pai.
“He told us he had not invited us to praise him or the government but to hear our views and what’s missing, what could be done and how to unlock and accelerate growth and development,” said Saurabh Srivastava, chairman of the Indian Angel Network. He added, “It was not a defensive meeting. He was not justifying anything and told us to feel free to be critical.”
The PM has so far met over 60 entrepreneurs and business leaders from sectors such as fast-moving consumer goods (FMCG), banking and finance, renewable energy, diamond, retail, textiles, micro, small and medium enterprises (MSMEs) and startups and technology and more such meetings are planned in the days ahead.
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