Indian economy among top 7 economies of the world

Speed Post News Network

New Delhi : Union Home Minister Rajnath Singh has said the Union Government during the last 48 months has achieved many wonderful successes. It has worked in a transparent manner with complete determination and pure intentions.

Addressing a press conference in Lucknow on May 29, 2018, Rajnath said the Indian economy is now among the top seven largest economies of the world. And according to some studies, it will break into the top five within the next few years. Stating that the fiscal deficit is under control, Rajnath, however, admitted there is some pressure due to rising US dollar and crude oil prices. The government is seriously thinking on issues related to rising oil prices, he added. He said there is no crisis because our forex reserves at 400 billion USD are very comfortable. Due to the attractive economic policies, 156 billion USD foreign investment flowed into the country.

Rajnath said the Government under the leadership of Prime Minister Narendra Modi created a revolution with JAM- Jan Dhan accounts, Aadhar and Mobile connectivity- which facilitated direct transfer of subsidies to beneficiaries. Rs 69,815 crores was distributed among 20 crore beneficiaries, he said. There are no leakages now and complete benefits are reaching people directly, he added.

The Union Home Minister said there is a big change and faster growth in the infrastructure development. Construction of Express highways increased from 12 km per day earlier to 27 km per day now. Rural roads were also built at a rapid pace to increase coverage from 56 percent of villages four years ago to 82 percent now.

Rajnath said by 2022 farmers’ incomes will double and towards this end the Union Government has taken many initiatives. Our government has introduced ‘Ayushman Bharat’ scheme to provide health cover to ten crore poor families of our country, he said. It is the largest state-run medical scheme in the world. Poor people will get benefits upto Rs 5 lakhs under this Health Insurance scheme, he added.

As far as Ministry of Home Affairs is concerned, a multi-pronged strategy has been adopted resulting in marked improvement in the Internal Security across the country. He said the situation in the North East has improved. AFSPA has been withdrawn from Meghalaya and also from some areas of Arunachal Pradesh.

Rajnath said there is marked improvement in LWE scenario as well. While 76 districts were affected by LWE violence in 2013 that number has come down to 58 now. In Jammu and Kashmir, the Government has successfully eliminated 619 terrorists in four years compared to 413 terrorists killed during four years of UPA Government for the period 2010-13, according to a PIB release.

On Women’s Safety, the Union Home Minister said amendment has been made to provide death penalty for rape of minors. The long pending amendment to the Enemy Properties Act was also carried out, which enabled the Government gain control over properties worth more than Rs 1,00,000 crore, he said.