India rare macroeconomic island of growth in an economically, politically tumultuous world: Shiv Sena MP Milind Deora
Shiv Sena MP Milind Deora says that this budget has been presented at a very politically and economically tumultuous time, and that India stands alone as a rare island of macroeconomic growth and stability. He appeals to the industry, through the House, to make use of this opportunity to work with the government to achieve our national objectives, with the public sector bringing scale and private bringing speed, innovation and risk-taking.
He refers to the speech of former Finance Minister P. Chidambaram, and says that the government has given several production-linked incentives to benefit manufacturing. He highlights that during Mr. Chidambaram’s time, several draconian measures were introduced under the PMLA, and that ease of doing business has been fostered under Prime Minister Narendra Modi.
If the Indian economy is dead, why did the Europeans sign the biggest trade deal with India and not with China or the United States, he asks. I can say with confidence that countries in all continents want to sign trade deals with India and these are being done on our terms and not their terms, he says. The only thing that is dead is certain people’s confidence in India, its economy and people, and the only thing that is alive is their hatred for the country, he states.
