'Make in India' campaign will boost manufacturing: President Mukherjee
Lauding the schemes launched by Prime Minister Narendra Modi, President Pranab Mukherjee on Monday said that the Make in India campaign will boost manufacturing by facilitating
New Delhi : Lauding the schemes launched by Prime Minister Narendra Modi, President Pranab Mukherjee on Monday said that the Make in India campaign will boost manufacturing by facilitating easy conduct of business and improving competitiveness of domestic industry.
He also said that the 'Start up India' programme will foster innovation and encourage new-age entrepreneurship, adding that the National Skill Development Mission envisages skilling 300 million youth by 2022.
Further lauding the various other government initiated schemes, the President said, "Aadhaar, with its present reach of 96 crore people is helping in direct transfer of benefits. Over 19 crore bank accounts have opened under the Pradhan Mantri Jan Dhan Yojana.
"The Saansad Adarsh Gram Yojana aims to create model villages. The Digital India programme is an effort to bridge the digital divide. The Pradhan Mantri Fasal Bima Yojana targets farmer's welfare. Increased spending on programmes like MGNREGA is aimed at enhancing employment generation to rejuvenate the rural economy," he added.
With an aim to eliminate poverty, President Mukherjee said, "With investments in infrastructure, manufacturing, health, education, science and technology, we are positioning ourselves well for achieving a higher growth rate which will in the next ten to fifteen years help us eliminate poverty."
He further pointed out that India is building and implementing strategies to solve its economic problem.
"This year, with an estimated growth rate of 7.3 percent, India is poised to become the fastest growing large economy. Contraction in global oil prices has helped maintain external sector stability and control domestic prices. Despite occasional setbacks, industrial performance this year has been strong," he said.