Prime Minister Narendra Modi has said that the Indian economy is on track and is going in the right direction on back of various reforms and hard decisions. He also assured that the government will continue to take important decisions regarding the economic reforms and further noted that while initiating these measures the government would maintain financial stability of the country.
Narendra Modi further mentioned that the production of coal, natural gas, electricity and other items has increased enormously, adding that foreign investors are also making record investments in the country. He highlighted that the country’s foreign exchange reserves have jumped to $40,000 crore from $30,000 crore.
The Prime Minister also tried to assure the traders over the Goods and Service Tax (GST), saying that their past records will not be checked by the Income Tax department if they join the formal economy by getting themselves registered under the new tax regime.