'Economy Doing Better Than When We Took Office,' Says PM Narendra Modi

New Delhi: Prime Minister Narendra Modi today inaugurated the Delhi Economics Conclave (DEC), organised by the finance ministry.

Here are the highlights:

• For me, JAM (Jan-Dhan Aadhar Mobile) Vision is just about achieving maximum
• Maximum value for every rupee spent. Maximum empowerment for our poor. Maximum technology penetration among the masses
• By almost every major economic indicator. India is doing better than when we took office 17 months ago
• GDP growth is up and inflation is down, foreign investment is up, current account deficit is down
• Revenues are up and interest rates are down, fiscal deficit is down and rupee is stable
• We embarked on a course of fiscal consolidation. We entered for 1st time into a monetary framework agreement with RBI to curb inflation
• Reform is that which helps all citizens and especially the poor achieve a better life. It is Sabka Saath Sabka Vikas
• Reforming to transform is a marathon not a sprint
• What we have done in the last 17 months is to bring one hundred and ninety million people into the banking system
• World economy is not exactly doing well. This success (of India) is reason of a series of well thought policies
• Believe it or not,accounts opened under Jan-Dhan yojana today have a total balance of almost Rs 26000 crores
• Our financial inclusion reform has been transformational, Jan-Dhan also transformed ability of poor to make & receive electronic payments
• India has (great) entrepreneurial energy. This needs to be harnessed so that we become a nation of job-creators rather than job seekers
• Another financial reform is the provision of a safety net through new social security schemes
• Major steps have been taken to improve efficiency including clear performance measures and accountability mechanisms
• Our financial inclusion reform has been transformational, Jan-Dhan also transformed ability of poor to make & receive electronic payments
• Our financial inclusion reform has been transformational, Jan-Dhan also transformed ability of poor to make & receive electronic payments
• Agriculture remains India's mainstream in terms of providing livelihood. We have introduced series of reforms
• We are now moving towards universal neem coating of urea
• Oil health card tells every farmer condition of soil,enables them to choose right quantity of inputs,greatly reduces wastage of inputs
• We have introduced a Universal Account Number which will remain with an employee even when he changes jobs (On labour reforms)
• We have undertaken major managerial improvements in the transport sector
• Pace of award of new highway works increased from 5.2 km per day in 2012-13 & 8.7 km per day in 2013-14 to 23.4 km per day currently
• Our work on 'Make in India' and 'Ease of Doing Business' is of course well known
• The growth rate of trade exceeded GDP growth from 1983 to 2008
• We are also taking several steps to serve the honest taxpayer better
• We should not limit our idea of reforms to a few standard notions
• Our idea of reforms should be inclusive and broad-based