Vastavam web: President Ram Nath Kovind today said the government has been able to contain inflation and fiscal deficit and will work to double the income of farmers by 2022.In his maiden address to the joint sitting of both Houses of Parliament, the President said the country has been able to achieve economic growth despite slowdown in the global economy.”Government is committed to doubling of farmers’ income by 2022. To ensure remunerative price to farmers for their produce, the agriculture mandis are being connected online. So far, agricultural commodities valued at about 36,000 crore have been traded on e-NAM portal,” he said.
He noted that as a result of government s policies and the hardwork of farmers, a record production of more than 275 million tonnes of food grain and about 300 million tonnes of horticultural produce have been achieved in the country.The President said that because of the policies of the government foreign investment has increased from USD 36 billion to USD 60 billion during the period.On economic growth front, the President said India recorded impressive growth.
There was a temporary slowdown in economic growth in the first quarter of 2016-17, he said, adding the situation reversed in the second quarter of the current fiscal.Talking about digital initiative, he said ‘BHIM App’ is playing a major role in promoting digital transactions. The recently launched ‘Umang App’ has made more than 100 public services available on mobile phones.He further said that about 2.70 lakh Common Service Centres have been set up that provide digital services at low cost, even in the remotest areas of the country.