Pesident Pranab Mukherjee has said that Political stability and several new initiatives taken by the government including Make in India, Digital India and Swachh Bharat, will help the country emerge as an attractive investment destination. He further stated that the country could achieve 8 per cent growth rate if it makes united efforts in this direction.
For better economic performance, he said that a re-energised manufacturing sector is crucial. Mukherjee while emphasizing on finding technological solutions said that there are various challenges and the country should think out of the box to handle country's problems. Besides, He added that India will have to bring 'technology, scientific applications and innovative approach' to solve the problems of the country.
Additionally, Mukherje said that a prolonged global economic slowdown had affected the growth performance of all major economies. Talking about the country’s export, President said that during the heydays of country's growth, exports grew over 20 percent and contributed substantially to the GDP. Though the exports have stagnated in the last three years, the import bill has also decreased, helping India to keep the current account deficit to manageable levels. He further highlighted that foreign exchange reserves at $353 billion as of October-end are also at comfortable levels, giving a cushion to meet any crisis.