President praises govt for steps to bring in more FDI

Tags: News
President Pranab Mukherjee today praised the NDA government at the centre for taking steps to bring in more FDI into the country.

"A sustained average growth rate between eight to nine per cent is required to address the issue of poverty alleviation in the country," Mukherjee said at the AGM of Indian Chamber of Commerce here.

He said that to meet that target, the gap between domestic savings and domestic investment would have to be bridged.

"To meet the investment requirements, the role of investment surplus countries come into play.

"I am glad that the government is fully aware of this and has taken appropriate steps in that regard", Mukherjee said.

The president, who described himself as an important player in the policy making process two years ago, said his constitutional obligations now prevented him from making statements.

"Now others speak, I listen", he said.

He also stressed on the need for improvement in both physical and social infrastructure, as well as development of skills of the youth for taking advantage of the demographic dividend.

On GST, he said that the states would have to come on board and develop an appropriate mechanism for its implementation.

EDITORIAL OF THE DAY

  • Indians being naturally emotional may draw up a work plan to counter it

    Are you going through a bout of depression?

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Disequilibrium: Pawn to king four

Sir Conrad Corfield, heavy hitter of the British Political Department ...

Susan Visvanathan

The problem called JNU

Reservation is a word that some administrators and intellectuals find ...

Rajgopal Nidamboor

That divine mosaic of art and science

Our old, inborn fancy to present complex explanations as a ...