On 73rd Independence Day, Narendra Modi announces investment of whopping Rs 100 lakh cr to develop modern infra
FirstpostPrime Minister Narendra Modi said the era of policy paralysis has ended and his government was giving policy-based governance New Delhi: Prime Minister Narendra Modi on Thursday said his government will invest a massive Rs 100 lakh crore on developing modern infrastructure that will aid in nearly doubling the size of the Indian economy to $5 trillion in the next five years. Addressing the nation from the ramparts of the Red Fort here on the 73rd Independence Day, he said reforms will continue to be ushered in to help India break into top 50 countries on the ’ease of doing business’ ranking. The prime minister said the era of policy paralysis has ended and his government was giving policy-based governance that has helped catapult the country from 142nd place among 190 nations on the World Bank’s ease of doing business ranking in 2014 to 77th position this year. India was ranked 142nd among 190 nations when the Narendra Modi’s government took office in 2014.