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PM Modi said – Government has no business to stay in business

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It is the responsibility of the government to give full support to the enterprises of the country, to the Businesses, but the government itself should run the enterprises, remain its owner, it is not necessary. So I say – Government has no business to be in business.

Speaking on the announcements in the budget for the Department of Investment and Public Asset Management in the webinar, Prime Minister Narendra Modi said that the government has no business to stay in business. Government should focus on projects related to the welfare and development of the people.

This budget has put forward a clear roadmap to take India back to the High Growth Trajectory. The budget also focuses on the strong partnership of the private sector in India’s development.

This time, many of you fellows had talked in detail before the budget. This budget has put forward a clear road map to take India back to high growth trajectory. The budget also focuses on the strong contribution of the private sector in India’s development.

It is the responsibility of the government to give full support to the enterprises of the country, to the Businesses, but the government itself should run the enterprises, remain its owner, it is not necessary. So I say – Government has no business to be in business.

When the public sector enterprises were started in the country, the time was different and the needs of the country were also different. Today, when we are doing these reforms, our biggest goal is to use public money properly.

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Our government’s effort is to improve the standard of living of the people, besides reducing the government’s unnecessary interference in people’s lives. That is, there should be no lack of government or influence of government in life.

The mantra that the government is moving forward with is Monetise and Modernize. When the government monetises, the private sector of the country grows to that place. The private sector also brings investment and global best practices.

Today, when our government is moving in this direction with full commitment, then the implementation of the policies related to it is equally high. In order to ensure transparency, our procedures are correct to ensure competition, it is very important to have a stable policy.

Over the years, our government has continuously reformed to make India an important destination for business. Today India is equipped with one market-one tax system. Today, companies in India have excellent channels for entry and exit.

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