Economy · India · Industry · Investments

Indian slated to be a double digit economy soon.

According to Home minister Rajnath Singh India is slated to become a double digit economic power soon. Speaking at a press conference Mr Singh said that India has become one of the hottest destination for Foreign Investors. According to him the present government has taken substantial steps to improve the economic condition of the country and followed the path set by Atal Bihari Government in 2004. Taking a dig at previous government , Mr Singh said that he was confident that India would reach a double digit growth soon and bureaucracy in financial matters was a thing of past .

But after 2004, even though there was growth initially, the momentum lost gradually. The country could not achieve the desired growth. They could not match the momentum achieved by the Vajpayee government. By 2014, the economic condition of the country further deteriorated. When the Modi government assumed charge, you all know what was the economic condition of the country. “India has become the hot favorite destination for foreign investors. I am sure in a few years, India’s economic growth would in double digit”

The government has made many structural and procedural reforms in order to crub corruption and bureaucracy from financial matters and have ensured that the government is in a path of economic growth in the coming years.

There is a sense of confidence among investors. This government means business, this government is business friendly, this government is investors friendly, a decisive government, India will soon become one of the five top economies in the world. We are trying to make common people part of the development process,” he concluded.

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