Shimla (NVI): Union Minister of Home Affairs Amit Shah today said that the slowdown is a temporary phenomenon and expressed hope that India will soon come out of it.
Addressing the 1st Ground Breaking Ceremony of Himachal Pradesh Global Investors’ meet here, Shah said that by 2024, India would become 5 trillion dollar economy and be placed among the top three global economies.
He said that in 2014, in the list of world economy, India stood at 11th with the size of the economy being 2 trillion dollars and after five years, India has moved to 7th position and reached 3 trillion dollar mark.
“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.
“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,” he said.
