Indian economy better placed, will continue with reforms:Modi
Prime Minister Narendra Modi on Friday said almost every key indicator of the Indian economy was better placed today than 17 months ago when his government took office, and that reforms will be pursued in the right earnest. "We have ensured maximum value for every rupee spent, maximum empowerment for our poor, maximum technology reach to the masses, among other things," the prime minister told the Delhi Economics Conclave, adding that more than 19 crore people have been brought under the banking system in 19 months. "Today, accounts opened under Jan-Dhan Yojana have a total balance of almost Rs.26,000 crore. For me, JAM (Jan Dhan, Aadhaar, Mobile) vision is just about achieving the maximum," said Modi, and added that India's growth has also accelerated as inflation has come down. He said much work was also being done to ensure that the youth of the country get employment. "We have great entrepreneurial energy. This needs to be harnessed so that to become a nation of job creators not job seekers." Modi also spoke of government finances. "We embarked on a course of fiscal consolidation and signed for rirst time a monetary framework agreement with RBI to curb inflation," he said at the event, attended by ministers, top bureaucrats and economists.
