Global slowdown is temporary phase and India will soon come out of it : Shah

Speed Post News Network

New Delhi : Union Home Minister Amit Shah on December 27, 2019, said that Global slowdown is a temporary phenomenon and expressed hope that India will soon come out of it. Addressing the 1^st Ground Breaking Ceremony of Himachal Pradesh Global Investors’ Meet at Shimla, he said that Modi Government is working tirelessly for this.

Shah said that by 2024, India would become 5 trillion dollar economy and be placed among the top three global economies. He said in 2014, in the list of world economy, we stood at 11th with the size of economy at 2 trillion dollar and after five years, India has moved from 11 number to 7 and have reached 3 trillion dollar mark, according to a PIB release.

Shah added that the focus on Renewable Energy (RE) by the Union Government has ensured that India is the largest emerging market for the RE sector today. He said that the results of Prime Minister Narendra Modi’s “Reform, Perform and Transform” approach was clearly visible in global indices all of which showed improvement in India’s rank over the five years between 2014-2019.

Shah emphasised on the special focus on developing infrastructure in the hilly state by the Union Government and said that 69 roads of the state were classified as National Highways and are being developed by the Union Government. He also pointed out the development of an international airport at Mandi and the construction of three major four-lane highways in a geographically challenging area like Himachal Pradesh. He hailed Atal Tunnel as one of the landmark projects of the state that was completed in one of the shortest times. Shah highlighted steps taken by the state government to ensure an investor friendly atmosphere like creation of a land bank and the establishment of a single window clearance system for projects.

The Home Minister addressed the function at the ground breaking ceremony of 250 projects worth Rs 13,000 crore. Present on the occasion were Governor of Himachal Pradesh Bandaru Dattatreya, Chief Minister Jai Ram Thakur, and Union Minister of State for Finance Anurag Thakur, among other dignitaries