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Narendra Modi govt has done more than any other government has done in one year: CII
Commenting on the first one year of the Government, Sumit Mazumder, President of industry body CII said, "The Government has exceeded our expectations and has achieved more in the first year than any other government has achieved in their first year."

Mazumder added, "An action-packed year has gone by since the Government under the leadership of Prime Minister Shri Narendra Modi assumed office and CII believes that economic strategies and deliverables have gained huge momentum. Stress on governance and tax administration for a non-adversarial, corruption-free and predictable policy regime has greatly buoyed investor sentiments. Strong action to pass critical bills through Parliament, rapid rollout of campaigns for financial inclusion, social security and direct transfer of subsidies, initiatives in power, coal and mining sectors and so many other areas have imparted huge credibility to the Government."

The CII release said that empowerment of State governments with more policy flexibility and revenues would enable tailored policies according to diverse resources. Prime Minister Modi's personal interventions to attract FDI are resulting in concrete projects and outcomes.

A wide range of quick reforms across sectors has been initiated and would hasten the growth forces for incomes and employment for all sections of society. There are clear signs of recovery and India is already the fastest growing large economy in the world, said CII.

The CII President went on to say "the Government's emphasis on lower tax rates and introduction of GST in coming years will greatly enhance competitiveness of the Indian Industry. CII believes that India's GDP can grow at 9-10 per cent in the medium term with such a multi-pronged reform strategy. CII looks forward with hope and excitement to continuing initiatives which will propel fresh investments from public, private and overseas sources and set India on a high-growth trajectory."

Jyotsna Suri, President, FICCI, while commenting on BJP-led government's one year said in a statement, "We are highly encouraged by the series of actions and policy reforms taken by the government in the last one year. The government has been successful in improving the state of the economy and setting the foundation for long term higher growth and development. Be it the macro-economic performance or the confidence in the economy, India has made good progress. '

"There has been a sound policy mix focused on improving the delivery of government services, creating an enabling environment for growth, investments and employment, providing better financial access to all citizens, addressing key social issues and improving India's external relations. The mega plans of the government namely 'Make in India', 'Digital India', 'Skill India', 'Smart Cities' are laudable. We believe these plans will enable transformation of India into a modern, progressive and self-reliant economy,"added Suri.

"Several path-breaking measures have been announced, notably the introduction of social security net for all citizens, rationalization of corporate tax rates and implementation of GST by April next year. We are confident that going forward too, the government will maintain the growth momentum through continuous policy and reform actions," said FICCI's president.

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