New Delhi, Feb 20 (UNI) Prime Minister Narendra Modi on Saturday called for better policy coordination between the Centre and the States for the country's economic progress.
He said the Centre and States must synchronise their budgets to ensure the multiplier effect.
Technology and community partnership are equally important.
He was addressing the 6th meeting of the Governing Council of NITI Aayog that was held under his chairmanship.
It was attended by 26 Chief Ministers, 3 Lieutenant Governors and 2 Administrators, apart from Union Ministers and top government officials.
As Cooperative Federalism is the foundation of India’s development, Modi said Cooperative and Competitive Federalism should be made more effective and taken to the district level.
The country succeeded in managing the challenges posed by the Covid-19 pandemic only because the Centre and the States worked together in a spirit of partnership.
The Prime Minister said that the positive response to this year’s Union Budget reflects the mood of the nation. There is an all-round eagerness to push forward with economic development.
He said that the private sector is coming forward with enthusiasm in the country's development journey, and the government must ensure opportunities for the private investors to capitalise on the Aatmanirbhar Bharat Abhiyaan.
He added that the Aatmanirbhar Bharat Abhiyaan is a step towards providing opportunities to everyone—to fulfil not only our own needs but also cater to the global demand for goods and services.
Modi said the central government has introduced the Production Linked Incentive (PLI) scheme for various sectors, providing an excellent opportunity to increase manufacturing in the country.
He urged the States to take full advantage of this scheme and attract maximum global investments and reap the benefits of reduced corporate tax rates.
The prime minister said geospatial data was liberalized recently, which would incentivise entrepreneurial endeavour, start-up innovation and the tech sector in general.
Focus must be on ease-of-doing business for the international audience and on ease-of-living for our own people, he added.
The Council deliberated on several steps for making India a manufacturing powerhouse, such as reducing compliance burden, initiating reforms at the State level, improving logistics, promoting exports through district-level competition and creating jobs.
UNI SRJ JW2020