India’s economy accelerating with increasing Covid vaccination coverage: PM Modi

New Delhi - Modi also urged people to celebrate the upcoming festivals with utmost caution

As India breached the landmark of administering one billion Covid vaccine doses, the experts around the globe are positive about the country’s economic growth, Prime Minister Narendra Modi said on Friday.

“Experts in India and abroad are very positive about India’s economy. Today, not only record investment is coming to Indian companies but new employment opportunities are also being created for the youth...Positive activities are accelerating in every field with increasing coverage of the vaccine,” Modi said during his address to the nation.

Modi noted that the agriculture sector kept India’s economy “firmly in place” during the Covid-19 pandemic.

“Today, food grains are being procured at a record level. The money is going directly into the bank account of the farmers,” he said.

Talking about other sectors of the economy, the Modi said that today, Indian companies aren’t just getting record investments, but employment generation is also taking place.

“Along with record investment in start-ups, record start-up unicorns are also being developed,” he said.

He reiterated his clarion call of 'Vocal For Local' and appealed to people to buy ‘Made in India’ products during the festival season.

Meanwhile, more than one billion vaccine doses have been administered so far to eligible beneficiaries, as per the Ministry of Health and Family Welfare.