Indian industrial bodies hail PM Modi's economic package, positive about growth & recovery

Appreciating Prime Minister Narendra Modi’s anuncement of a financial pack worth Rs 20 lakh crore on Tuesday, several Indian industrial bodies said that pack promises to place country back on path ecomic recovery.

Deepak Sood, Secretary-General, Associated Chambers of Commerce and Industry of India (ASSOCHAM) said that if all this money is pumped into ecomy, nation could witness two to four percent growth by March 2021.

RE | Finance Min Lauds PM's Anuncement Of Ecomic Pack, Stresses 'everyone To Benefit'

Calling ecomic pack a significant one, Dilip Chey, Secretary-General of FICCI said that PM Modi’s vision to develop a self-reliant India is very positive.

RE | PM's Rs 20 Lakh Crore Pack, Call For Self-reliance To Lift National Spirit: ASSOCHAM

PM anunces massive financial pack

In his dress to nation earlier in day, PM Modi stated that new financial pack was worth 10% of India's GDP. However, details of pack shall be anunced by Union Finance Minister Nirmala Sitharaman on Wednesday, May 13. PM Modi mentioned that this would benefit workers, hawkers, street vendors, farmers, business class, etc. prime minister ded that special emphasis has been paid to land, labour, liquidity, and laws.

ditionally, PM Modi appealed to citizens to be 'vocal for local' in an attempt to boost Indian businesses. He elaborated that this t only involved buying local products but also promoting m with pride. PM Modi exuded confidence that country shall follow this mantra. 

MASSIVE: PM Modi Anunces Ecomic Pack Of Rs.20 Lakh Crore Worth 10% Of India's GDP

RE | Congress Offers Guarded Welcome To PM's New Ecomic Pack, Says 'devil Lies In Details'

(Im credits: PTI file photo)