India needs to step up: Vineet Jain

Prime Minister Narendra Modi has never shied away from dreaming big and setting bold targets even when they seemed almost unachievable, Times Group MD Vineet Jain said.

Modi has not only done much for the underprivileged, but also promoted the cause of trade and industry, Jain said, while welcoming the Prime Minister to the Global Business Summit on Saturday. He also praised the Prime Minister for his “game-changing” initiatives, like the Swachh Bharat, Ujjwala, Jan-Dhan and Ayushman Bharat.

“Later this year, India will become the fifth largest economy in the world,” said Jain, even as he complimented the government for reducing inflation, improving ease of doing business and making “structural reforms” like the Insolvency and Bankruptcy Code, goods and services tax and the Real Estate Act.


Jain stressed that reforms, as well as technological advances, must benefit the common man. He said India, which stood out amid global economic volatility due to its steady growth, now needed to step up and make the world a better place.

On the GBS — the first edition of which was held in 2015, soon after the Modi government took office — Jain said: “It is today a fixture on the calendar of global and Indian decision makers.”