India Economic Summit 2018
GUWAHATI, April 27: Chief Minister Sarbananda Sonowal ‘underscored’ the opportunities unleashed by cooperative and competitive federalism for growth of States in the country. While taking part at the India Economic Summit 2018 at Mumbai today, Sonowal spoke on the topic ‘States as New Engines of Growth’ and stressed on the new impetus given by the present dispensation of the Centre for development of the States. The two-day Summit that took off today was organized by India Foundation in collaboration with Bombay Stock Exchange, a pres release stated.
Chief Minister Sonowal said that Prime Minister Narendra Modi termed the North-east as astalakshmi of the country and introduced the eight States as the new engine of India’s growth. He said that the State Government was drawing inspiration from the Prime Minister was adopting zero tolerance towards corruption. “The States are India’s new engine of growth but this does not mean that the Centre has no role. The new engines will be able to deliver growth only with the support and encouragement of the Central Government. The Central Government has an important role in guiding the States in terms of policy, engagement with rest of the world and execution of big infrastructure projects pertaining to Railways, National Highways, telecom networks etc,” the Chief Minister observed.
Further appreciating the role played by Prime Minister Narendra Modi for giving a new dimension to cooperative and competitive federalism in the country, Sonowal said that this phenomenon encourages cooperation between Centre and States as well as promotes healthy competition among States to attract investment and develop innovation. He also said that a huge and diverse country like India cannot grow by one set of policy and programmes laid by the Central Government and as a result of which liberalization of the economy took place in the 90s. Sonowal also viewed that economic liberalization empowered not only individual entrepreneurs and companies, but also liberalized and empowered state governments and local governments, the release added.