Modi govt trying to resurrect economy: Irani


Team Udayavani, Sep 30, 2018, 11:22 AM IST

Kolkata: Textiles Minister Smriti Irani said Saturday that Prime Minister Narendra Modi has been trying to “resurrect” the economy from “shambles” which the former UPA-II government left behind in 2014.

“The Modi-government had inherited a nation left behind in a shambles by the UPA-II. But, efforts are being taken to resurrect it,” Irani said at an interactive session organised by the Merchants’ Chamber of Commerce & Industry (MCCI) here.

She said the Centre was investing heavily in infrastructure development and more would be spent over the next few years.

She said the economy had also witnessed a turnaround with agri-sector reporting an 8.2 per cent year-on-year growth in the first three months of FY19.

The manufacturing sector grew by 13.5 per cent in the same period while commercial and passenger vehicle sales also grew by 51 per cent and 18 per cent, respectively, Irani said.

On bad loans, she said mounting non-performing asset (NPA) levels in public sector banks had been a result of lending to “unviable projects” made during the UPA regime. 

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

World Bunts Summit to be held in Mumbai on December 7

SC dismisses PIL seeking CBI probe into Tirupati laddus row

Salman Khan gets another threat; message sent to Mumbai traffic police helpline

SC overrules 1967 verdict holding AMU can’t be minority institution

BJP MP Tejasvi Surya, editors of Kannada news portals booked for allegedly spreading fake news

Egg distribution scheme for school children under scrutiny over alleged mismanagement

India Post M’luru division to offer doorstep service to pensioners for Jeevan Praman certificate

Related Articles More

Sensex, Nifty fall over 1 pc, snap two-day rally ahead of US Fed interest rate decision

SC orders liquidation of grounded air carrier Jet Airways’ assets

Home-cooked meals become dearer in October on costlier vegetables

Sensex, Nifty surge over 1 pc on heavy buying in IT stocks as Trump set to win US polls

Das says incoming data on GDP growth mixed but positives outweigh negatives

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

World Bunts Summit to be held in Mumbai on December 7

SC refuses to examine plea to appoint ‘yoga mitra’ instructors in schools

Maha Vikas Aghadi a vehicle sans wheels and brakes: PM Modi

LDF lodges complaint with EC, seeks probe into distribution of food kits in Wayanad

SC dismisses PIL seeking CBI probe into Tirupati laddus row

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.