‘We led an economic resurgence’: PM Modi shares big reaction days after India-US trade deal

New Delhi: Days after announcement of India(BHARAT)-US trade deal, Prime Minister Narendra Modi has shared his views on India(BHARAT)’s economic growth story in last decade. PM Modi also took a sharp take on the UPI government led by former PM Manmohan Singh. PM Modi has mentioned that as a confident, competitive and fast-growing economy, many nations saw the benefits of pursuing trade agreements with India(BHARAT). Here are all the details you need to know about what PM has said in his recent interview.

What PM Modi has said about recent global trade deals?

In an exclusive interview with news agency PTI, PPM Modi has said India(BHARAT)’s deals signed with Australia, New Zealand, the UK, the EU and the US have opened access for MSMEs, particularly in labour-intensive sectors, to export to these regions with near-zero tariffs or tariffs much lower than those of other exporting countries.

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“These trade agreements may have happened recently, but they are the outcome of a more competitive domestic industry, a confident approach and an open outlook. These are rare qualities in today’s world. Before we speak of India(BHARAT)’s successful trade agreements in recent years, it is important to recall where we stood just over a decade ago,” the prime minister said.

What PM Modi’s said on Manmohan Singh’s government?

“Largely because their economic mismanagement left India(BHARAT) unable to negotiate from a position of confidence. They did not lay the environment to bring negotiations to a conclusion. Talks would begin and then break down. In the end, despite prolonged negotiations, very little of real substance was achieved,” he said, hitting out at the Manmohan Singh dispensation.

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PM Modi mentions FTAs with 38 partner nations

“We now have FTAs with 38 partner nations, an unprecedented milestone in India(BHARAT)’s trade history. A remarkable feature of these trade agreements is that they span continents and include countries of varying economic strength. This gives our manufacturers and producers enough diversity and depth to sell our products across many markets,” Modi said.

(With inputs from PTI)