Modi Govt's Report Card: '1 Year; 70 Percent'
Modi Govt's Report Card

Modi Govt's Report Card: '1 Year; 70 Percent'

The Associated Chambers of Commerce and Industry of India (Assocham) awarded the Narendra Modi government 7 marks on a scale of 10 for its performance over the past year.

Assocham lauded the government for improving the macroeconomic situation, financial inclusion, Swachch Bharat initiative, coal auction, and clearing difficult legislation in parliament. It, however, said a lot was still to be done to improve the ease of doing business in India.

"Investor confidence and transparency have been achieved with the successful completion of auction of coal blocks and spectrum, raking in Rs 3 lakh crore for the Centre and the states. The government deserves credit for making Parliament run better with difficult legislation such as raising foreign direct investment (FDI) limits in insurance,” Chamber President Rana Kapoor said.

It also asked the government to move faster on the goods and services tax (GST) front, and argued for policy reforms to attract more investors.

On diplomacy, Assocham said the prime minister should continue to engage with important powers such as the US, Germany, China and neighbouring countries. According to Assocham, qualitative changes in economic diplomacy have resulted in missions abroad being much more aligned with economic programmes such as Make in India, Smart Cities and Swachch Bharat Abhiyaan.

The chamber further noted that at least 24-30 months were required for consumer demand to revitalise after legislative and policy changes were constituted.

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