PM Modi warns of tough measures on economic front

PANAJI: Prime Minister Narendra Modi on Saturday warned of "tough decisions" over the next couple of years to improve the country's financial health, which he said may not go down well with some sections, and attacked the way the previous UPA government had handled the economy.

"Taking tough decisions and strong measures in the coming one or two years are needed to bring financial discipline which will restore and boost the country's self-confidence," he said addressing BJP workers here.

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This is the first occasion in less than three weeks since taking over reins of power that Modi has made sharply critical comments on the previous Manmohan Singh government's peformance.

PM Narendra Modi inspects the guard of honour at INS Hansa naval airbase at Dabolim in Goa on Saturday.

"I have taken over the reins of the country in circumstances when there is nothing left behind by the previous government. They left everything empty. The country's financial health has hit the bottom," Modi said.

"However, in the short run, such measures may not go down well with everybody," he added.

"I am well aware that my steps may dent the immense love that the country has given to me. But when my countrymen would realize that these steps would result in getting the financial health back, then I will regain that love," said the Prime Minister.

File photo of PM Narendra Modi (right) with Goa CM Manohar Parrikar.

On the other hand, if these tough measures were not taken, the financial situation would not improve, he said, adding "we need to take action wherever required."

"We won't be helping the country by praising Modi and praising BJP. There is no guarantee that just singing praise of Modi would improve the situation. We need to take harsh measures to improve the financial situation," he said.

Shortly later, Modi tweeted that "time has come to take tough decisions in the interest of the nation. Whatever decisions we take will be solely guided by national interest".

http://timesofindia.indiatimes.com/followceleb.cms?alias=UPA Government Mishandling of Economy,Narendra Modi Gioa Visit,Narendra Modi,Modi Government Economic Policy,INS Hansa

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