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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Lawmakers must not dilute penalties for insurers on mis-selling

    The much delayed insurance laws (amendment) bill is back in the news and the positive statements of finance minister Arun Jaitley suggest that the gov

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

New model for effective education

After interacting with students and teaching community on a ...

Zehra Naqvi

Being unrealistic can be good for you

Depression is a term that most people use very casually ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture