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India must reform to transform lives of its citizens, says Modi

Xinhua, November 6, 2015 Adjust font size:

Indian Prime Minister Narendra Modi Friday said the economy is doing better and stressed that the country should reform to transform the lives of its citizens.

"The economy has improved by every economic indicator. The economy is doing better than what it was when we took over 17 months ago. The economy is doing better in all the parameters like GDP, fiscal deficit, revenue etc," Modi said, after inaugurating the Delhi Economics Conclave.

He added: "The country should reform to transform the life of the citizens of the country, particularly the poor. Reforms to transform is like a marathon not sprint."

Spelling out the reasons for success so far, Modi attributed them to the series of well laid-out policies. "We have embarked on a course of fiscal consolidation, we have increased fiscal productive investment," he said.

The prime minister added: "The government wants to have maximum value for every rupee spent, the maximum penetration in technology across the masses. My government wants economic transformation through technological growth."

He also said that the government has started the process of empowering the unorganized sector and laid the foundation for 12 million jobs in India. Endit