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PM proposes 3-point strategy for economy

Prime Minister Shri Narendra Modi has reportedly proposed a three-point strategy to boost country’s economic diplomacy which emphasises on three ‘T’s – trade, tourist and technology. Under this proposal, the PM aims to utilise India’s overseas missions and embassies as tools to increase exports from India. A senior government official quoted according to a report in CNBC TV18, “According to PM, the functioning of Indian missions should be judged from their ability to boost trade, tourist inflows and facilitating technology transfer to Indian companies.” The PM also asked the panel to reach out to states and devise district-specific export strategies, besides taking measures to improve agriculture exports and examine the reasons for the rejection of Indian farm export consignments at foreign ports.