Business & Economy

Modi says his priority is growth, jobs; promises fair, predictable tax system

NetIndian News Network

New Delhi, February 3, 2015

Prime Minister Narendra Modi today said that the priority for his government was "growth and jobs" and promised to establish global benchmarks in India in areas such as governance, transparency and taxation.
Interacting over dinner with participants of the BlackRock India Investor Summit here, he said there was rising interest in the world in India and "we have to accept that responsibility".
Mr Modi said infrastructure development was one of the best routes to create jobs for the youth. 
Pointing out that India required both expansion and upgradation of its infrastructure, he said the Railways could become a growth engine for the economy. 
The Prime Minister said the goal of Affordable Housing for all by 2022, would in itself, provide a huge boost for the economy. He said the Government was focusing on skill development that would fulfil not just the Indian requirement, but also the global requirement. 
In terms of the education system, he said the best in the world should be there in India as well. He said he wanted India to have a skill development programme that focuses on both job-creators and job-seekers. 
Mr Modi said he believed in a fair, predictable and consistent tax system, and in economic policies that will drive growth. 
Twenty one major global investors participated in the India Investor Summit earlier in the day, including asset managers, insurers, pension funds, and official institutions. 
Mr Modi congratulated Mr. Laurence Fink, Chairman and CEO, BlackRock, and the Finance Ministry for organizing the India Investor Summit. 
Union Ministers Arun Jaitley, Nitin Gadkari, Suresh Prabhu, Dharmendra Pradhan, Piyush Goyal and Jayant Sinha were amongst those present at the dinner. 

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