Economy picking up momentum, industry needs to enhance its risk appetite

Prime Minister Narendra Modi on Wednesday said that India’s economic growth is picking up momentum again and the domestic industry needs to enhance its risk-taking appetite. PM said,  that taking reforms is a matter of conviction for the government, which is ready to take all risks in the national interest.

While addressing the CII's annual meeting, he said, ''We have taken bold decisions. Reforms continued even during pandemic. The government is doing reforms not out of compulsion but out of conviction.,'' Assuring all support to the industry, Modi said that India is receiving record foreign direct investment (FDI) because of reforms done in the last few years.  He added that now Indians want made-in-India goods irrespective of the origin of the company that is producing the goods.

On the growth of startups in the country, he said India now has 60 unicorns, 21 of them reaching that status in the last few months.

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