Govt investing Rs 100 lakh Cr in infrastructure, Rs 25 lakh Cr in rural sector: PM Modi at ASSOCHAM

New Delhi: Prime Minister Narendra Modi has said that the goal of achieving the $5 trillion economy is achievable. He was addressing the inaugural session of the Hundred Years of ASSOCHAM in New Delhi today.

PM Modi also spoke about efforts being made towards bringing about Labour Reforms, and sweeping reforms in the Banking Sector to make it more transparent and profitable.

“Owing to the steps taken by the Government today 13 Banks are on the path of profit which 6 banks are out of PCA. We have also hastened the process of unification of the Banks. Today, banks are expanding their countrywide networks and are in the direction of achieving global recognition.”

Modi said with this overall positivity, the economy is propelling itself towards a $5 trillion target, adding that the Government will invest 100 lakh crore Rupees in the infrastructure sector, and another 25 lakh crore Rupees in the rural sector in order to provide support to achieve the target.

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The ID Staff

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