India must promote manufacturing to reduce trade deficit: Prime Minister
The Dollar Business Bureau | @TheDollarBiz Pic source - PMO In his Independence Day address to the nation, Prime Minister Narendra Modi highlighted the importance of strengthening India’s manufacturing sector to reduce trade deficit. The PM said, “If we have to develop a balance between imports and exports, we will have to strengthen manufacturing sector.” The PM added that India has the largest youth population in the world, with around 65% of India’s total population of around 1.23 billion below the age of 35 years. This could help India become a manufacturing powerhouse and reduce trade deficit, he said. Source - Ministry of Commerce The PM assured that while the government will lend its full strength to harness the ...
