Modi was speaking through video to the Indian Chamber of Commerce’s plenary session in Kolkata, reaching out to a major business chamber for the second time in less than 10 days after his government eased a weeks-long lockdown
to contain the coronavirus
outbreak in India.
Addressing the Indian Chamber of Commerce. Watch. https://t.co/5vc5Vtg7E2
— Narendra Modi (@narendramodi) June 11, 2020
may have impeded our speed, but the reality today is that we have left the lockdown
phase behind and now are in the Unlock 1.0 phase. Trust me, getting growth back is not so difficult after all," he told the Confederation of Indian Industry on June 2.
India's economic growth in the fourth quarter of 2019-20 fell to 3.1 per cent, a low not seen in more than 17 years, as private investment and manufacturing were hit hard. This was despite lockdown
affecting activity on just a few days in March. Overall, the country's gross domestic product (GDP) growth rate in 2019-20 fell to an 11-year low of 4.2 per cent. This was lower than the government's own projection of 5 per cent in both first and second advance estimates.