New Delhi: Ashima Goyal, Member of the Reserve Bank’s Monetary Policy Committee, has said that the economic reforms of the Prime Minister Modi-led government have increased the country’s economic stability and resilience to external shocks.
The Prime Minister Modi-led government has undertaken systematic economic reforms in the last eight years. Thus, the economic stability of the country has increased. Also, the ability to withstand external shocks is also increased.
Due to appropriate economic policy and continuous distributional improvements, India has been able to achieve better recovery globally.
Before the Modi government, the country was facing severe economic instability due to the global financial crisis. After that, India was able to withstand many global shocks through eight years of systematic reforms.
During this period, the economy was strengthened as government and industry learned to work together. This is what he said.
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