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A strong and stable government to bring in more foreign investment: ASSOCHAM

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Congratulating Mr for leading the NDA to a convincing victory in the Lok Sabha elections, Mr B K today said, "An aspirational has reposed great faith in Mr Modi's leadership. The will extend full support to his government to meet these aspirations by achieving higher economic growth through enhanced investment in manufacturing, rural and urban infrastructure, agriculture and social sectors, including health and education".

Mr expressed confidence that having laid the building blocks of several flagship programmes like Start-Up India, Smart Cities and Make in India, we are assured of Government's decisive traction to these schemes. A strong and stable government would bring in more foreign investment even as the domestic firms are witnessing renewed confidence.

We are in for a virtuous cycle where consumption and investment drive each other. With inflation expected to stay benign, and growth set to move higher with the help of lower interest rates, we would soon be in a sweet spot, thanks to a decisive leadership".

Mr said the has already prepared a 100-day agenda, in the form of constructive recommendations for the new government. Our agenda is to pluck the low hanging fruits while sowing the seeds for richer harvest".

ASSOCHAM Senior Vice Dr welcoming the remarkable victory of the Mr stated that the central government in the last five years has done a remarkable job in areas such as skill development, women empowerment and infrastructure development.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 24 2019. 14:37 IST
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