New Delhi, Sep 30 (PTI) Lok Sabha Speaker Om Birla on Friday said the campaign to make India self-reliant can be achieved only through the micro, small and medium enterprises (MSMEs) as they are the mainstay of the economy.

Stating that India has long been one of the fastest growing economies of the world, Birla said the present government has implemented many reforms in trade and business sectors, which has raised the inflow of foreign investments.

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The Atmanirbhar Bharat campaign will be achieved only through MSMEs and the nation will be empowered. MSMEs are the mainstay of the economy, Birla said while speaking at the Annual Session of PHD Chamber of Commerce and Industry.

He further said local supply chains should be strengthened for Make in India, which can reduce India's dependence on foreign countries.

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India has made progress in every field like agriculture, industry and services and the country is rapidly moving towards becoming self-reliant, Birla said.

The manufacturing and exports in sectors like pharma, technology, cyberspace, defence, space and education are increasing in the country.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)