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Press Release

Strengthen economies of states to boost Indian economy: Ram Madhav

Dec 17, 2019

NEW DELHI, 17 December 2019: Mr Ram Madhav, National General Secretary, BJP, today said that the economies of the states in aggregate will finally determine the growth of Indian economy.

Speaking at 'Smart Border Management - 2019', organized by FICCI jointly with India Foundation, Mr Ram Madhav said, "For securing the required level of GDP, it is important that the states and their economies also do well. Almost half of the Indian states today register a growth rate of less than 5% whereas the growth rates in border states are minimal." He mentioned that the states need to be given a lot of importance today and their economies need to be strengthened.

Mr Madhav further stressed that the states need to be actively encouraged to get investment and promote industries. "It is strengthening of the economy of individual states that will enable the economy to get back to 8-9% growth trajectory."

Mr Madhav said that if properly prioritized, the border states can be a future investment proposition. "If the attention of the investor community can be turned towards these border areas, it will not only strengthen the economy of those states, but also the nation," he said.

Mr Sandip Somany, President, FICCI said, "India is one of the major economic power with deep global trade footprints. Therefore, Smart Border Management should aim at facilitating efficient and secure movement of people and goods between India and other countries while controlling menace of illegal activities on our frontiers without increasing the burden on border guarding forces."


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