INDIA POISED FOR DOUBLE DIGIT GROWTH IN NEXT FEW YEARS: RAJNATH SINGH

INDIA POISED FOR DOUBLE DIGIT GROWTH IN NEXT FEW YEARS: RAJNATH SINGH

INDIA POISED FOR DOUBLE DIGIT GROWTH IN NEXT FEW YEARS: RAJNATH SINGH

 

No.PR-143
November 28, 2015
New Delhi
 

INDIA POISED FOR DOUBLE DIGIT GROWTH IN NEXT FEW YEARS: RAJNATH SINGH
 

Union Home Minister Mr. Rajnath Singh on Saturday projected that India would inch towards double digit growth rate in next few years and evolve into one of the fifth largest economies between 2020 to 2025 before it emerges into top economy in the world by 2030.
 

While inaugurating a 110th Annual Session of the PHD Chamber of Commerce and Industry here today, Mr. Singh said, “the GDP growth rate of India as of now has reached over 7.5 per cent and with government putting in favourable economic policies in place which would be not only industry and business friendly but also industrial friendly, in next few years the GDP growth rate would be double digit”.
 

The Minister added that with NDA government in power, the growth momentum has begun to pick up and it will continue in the right direction which will take India to a higher growth trajectory.  This momentum had lost its direction after 2004 until the NDA government took oath of the office and now in the last 18 months, the perception about India’s growth rate has not only undergone massive changes but it has also transformed because the decisive government in place.
 

Mr. Singh also said that it was the NDA government which succeeded in striking a balance between growth and inflation though admitted that the prices of essential commodities has risen for a while but with additional government’s efforts and sincerity the NDA government has succeeded in containing the inflation and thereby taming the price rise.
 

In his welcome remarks President, PHD Chamber, Mr. Alok B. Shriram acknowledged saying that with the new government in place in the last 18 months governance has improved significantly with substantial improvement in the prevailing law and order situation across the country, barring a few stray and isolated incidents of unpleasantness here and there. 
 

He also said that the government has effectively took on the grave issue of Naxalism and dealt with incidents of insurgency in northern eastern part of the country as well handled the attempts of divisive forces to create disharmony in the country in its extreme north.
 

The Vote of thanks was proposed by the Sr. Vice President, PHD Chamber, Dr. Mahesh Gupta in the presence of its Vice President, Mr. Gopal Jiwarajka and the Secretary General of the Chamber, Mr. Saurabh Sanyal among others.
 

ENDS.

Koteshwar Prasad Dobhal
Consultant (PR)