Govt focus on small city economies
The Prime Minister Narendra Modi has underlined importance of strengthening manufacturing sector and increase exports backed by several initiatives taken by his Government.
He has also emphasized that the government’s focus on economic growth of small cities, well making them new growth hubs.
However, he acknowledged India facing increasing challenges being an emerging economy along with the ups and downs in the Global economy.
The Prime Minister delivered Keynote Address at India Action Plan 2020 Summit on 12 Feb 2020 in Delhi which was hosted by the TV Channel Times Now.
Modi said India is also charting out an Action Plan for the new decade and that as a young nation it is in no mood to go slow.
He reiterated the target of building a US$5 trillion economy in the next five years.
“It is better to set a target and strive towards it. This goal is not easy but not impossible to achieve”, he said.
He underlined the need to move from a Process Centric Tax System to a Citizen Centric Tax System.
“India will join the select countries, where the taxpayers charter is implemented. The charter will clearly define the rights of taxpayers.”
The Prime Minister urged every Indian to introspect the issue of people evading taxes and the double whammy it is posing to the honest taxpayer. He urged all citizens to be responsible citizens and pay their taxes.
“When everyone fulfils their duties then there would be no problem left to be solved. Then the country would get a new strength, new energy. This would take India to new heights in this decade,” stressed Modi. Fiinews.com
