Key reforms undertaken by Narendra Modi in 100 days
- 5 years ago
Indian Prime Minister Narendra Modi has expressed confidence that the government has helped steer Asia's third biggest economy out of the doldrums within just 100 days from coming into power.
A decisive political mandate in the April-May elections amid the Modi government's commitment to undertake key structural reforms, eliminate infrastructure and supply bottlenecks and boost foreign investment helped the economy to grow at the fastest pace in more than two years with GDP growth topping the 5 per cent mark last quarter.
India's economy grew by 5.7 per cent in the April-June quarter of FY 2014-15 from the same period a year ago, up from an annual 4.6 per cent expansion in FY 2013-14.
"I think we have crossed the difficult situation that the country was facing. Within the first 100 days of this government, we have achieved stability and stopped the continued reversals that the country was facing", Modi said.
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A decisive political mandate in the April-May elections amid the Modi government's commitment to undertake key structural reforms, eliminate infrastructure and supply bottlenecks and boost foreign investment helped the economy to grow at the fastest pace in more than two years with GDP growth topping the 5 per cent mark last quarter.
India's economy grew by 5.7 per cent in the April-June quarter of FY 2014-15 from the same period a year ago, up from an annual 4.6 per cent expansion in FY 2013-14.
"I think we have crossed the difficult situation that the country was facing. Within the first 100 days of this government, we have achieved stability and stopped the continued reversals that the country was facing", Modi said.
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