{"id":1402,"date":"2024-04-01T09:25:33","date_gmt":"2024-04-01T09:25:33","guid":{"rendered":"https:\/\/riyasatnamanews.in\/?p=1402"},"modified":"2024-04-01T09:25:36","modified_gmt":"2024-04-01T09:25:36","slug":"pm-modi-advocates-for-economic-self-reliance-in-india","status":"publish","type":"post","link":"https:\/\/riyasatnamanews.in\/index.php\/2024\/04\/01\/pm-modi-advocates-for-economic-self-reliance-in-india\/","title":{"rendered":"PM Modi Advocates for Economic Self-Reliance in India"},"content":{"rendered":"\n<p><strong>Mumbai, Apr 1:<\/strong>&nbsp;Prime Minister Narendra Modi emphasized the need for India to achieve economic self-reliance within the next decade, aiming to minimize the nation\u2019s vulnerability to global factors. Addressing the 90th anniversary celebrations of the Reserve Bank of India (RBI), he highlighted the potential for increased employment opportunities once the BJP-led NDA assumes office for its third term in June. \u201cWe have to enhance India\u2019s economic self-reliance,\u201d Modi emphasized.<\/p>\n\n\n\n<p>Modi praised the efforts of his government and the RBI over the past decade, noting that the banking sector has become profitable, and credit growth has surged. He pointed out that the gross NPAs (Non-Performing Assets) of public sector banks, which stood at around 11.25 per cent in 2018, had plummeted to less than 3 per cent by September 2023. Modi also declared that the \u201ctwin-balance sheet\u201d problem, referring to the issue of stressed assets of banks and indebted corporates, has been resolved, with banks now experiencing a credit growth of 15 per cent.<\/p>\n\n\n\n<p>Acknowledging the pivotal role of the RBI in these achievements, Modi expressed gratitude for the central bank\u2019s contributions to the nation\u2019s economic progress.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai, Apr 1:&nbsp;Prime Minister Narendra Modi emphasized the need for India to achieve economic self-reliance within the next decade, aiming to minimize the nation\u2019s vulnerability to global factors. Addressing the 90th anniversary celebrations of the Reserve Bank of India (RBI), he highlighted the potential for increased employment opportunities once the BJP-led NDA assumes office for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-1402","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-national"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PM Modi Advocates for Economic Self-Reliance in India - Riyasatnama News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/riyasatnamanews.in\/index.php\/2024\/04\/01\/pm-modi-advocates-for-economic-self-reliance-in-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM Modi Advocates for Economic Self-Reliance in India - Riyasatnama News\" \/>\n<meta property=\"og:description\" content=\"Mumbai, Apr 1:&nbsp;Prime Minister Narendra Modi emphasized the need for India to achieve economic self-reliance within the next decade, aiming to minimize the nation\u2019s vulnerability to global factors. 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