India will become world's 3rd largest economy in next 3 years, says Anurag Thakur


Chennai, Mar 22 (IANS): Information and Broadcasting Minister Anurag Thakur on Friday said that India will become the third-largest economy in the world in the next three years.

Speaking at the Viksit Bharat Ambassador (VBA) meet-up programme here, the Union Minister said that in a span of 10 years, since Prime Minister Narendra Modi-led government came to power at the Centre in 2014, the Indian economy has turned from fragile five to top five.

The Union Minister said that during the regime of the previous UPA government, there were a lot of corruption cases but since 2014, it was a clean government that Prime Minister Narendra Modi has been leading.

He also said that during the UPA rule, the Indian economy was among the five fragile economies of the world and in the bracket of South Africa, Brazil, Indonesia and Turkey even when an economist (an oblique reference to former Prime Minister Manmohan Singh) was heading the country.

He, however, said that the former Prime Minister was under remote control, indirectly referring to Congress leader Sonia Gandhi.

He said that the country had then high inflation rates, debt rates, policy paralysis and this was mainly due to misgovernance.

The Union Minister said that the GDP rate has now gone up from 4.5 per cent to 8.5 per cent which was the highest in the world and at the same time, inflation has come down to 6.7 per cent now.

The FDI has increased from $35 billion to $85 billion and exports have increased from $300 billion to $770 billion.

Anurag Thakur also said that the 'Pradhan Manti Mudra Loan Yojana' was one of the major driving forces that boosted the economy, adding 65 per cent of the beneficiaries from the scheme were women.

He said that during earlier days, 430 million people were not associated with the banking system.

In two years, PM Modi's government opened 43 crore bank accounts for the people, Anurag Thakur said, adding this was done in two years -- something the Congress-led government could not do in so many years.

The Union Minister said that during the erstwhile Congress rule, as pilferage was huge, the money was not reaching the beneficiaries. "However, PM Modi used technology, Department of Telecom and linked Aadhaar and Jan Dhan accounts and money was reaching the beneficiaries 100 per cent," he said.

Anurag Thakur also said that every Indian is now secured under the 'Pradhan Mantri Suraksha Bima Yojana' which was never there before 2014.

The Union Minister also said that PM Modi-led government has provided 4 crore houses to the poorest of the poor.

 

 

  

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Comment on this article

  • Vally, Mlore/ Dubai

    Sat, Mar 23 2024

    In 10years your govt not able to strengthen the Rs currency then what else you can talk, just don't fool the pepl of Nation.

    DisAgree Agree [2] Reply Report Abuse

  • arun, mangalore

    Sat, Mar 23 2024

    this guy no idea or A,b, C,D of Account or finance.... Every time he speak in media same & now in Election time. very strange north Indians normal guys as sitting in this position

    DisAgree Agree [2] Reply Report Abuse

  • alfria, Mangalore

    Sat, Mar 23 2024

    This illiterate unpad talking about economy FM is not speaking about it but these illiterate talk big of economy

    DisAgree [1] Agree [9] Reply Report Abuse

  • flavian, chik

    Sat, Mar 23 2024

    He is an expert olympian !!should get gold medals for India

    DisAgree [1] Agree [6] Reply Report Abuse

  • David Pais, Mangalore

    Sat, Mar 23 2024

    Unpad aadmika unpad statement.

    DisAgree [2] Agree [8] Reply Report Abuse

  • Chandu, Karla

    Sat, Mar 23 2024

    Now every Tom, Dick and Harry are turning out to be super economists and delivering their own individual version of economic performance and power. In reality people in villages and metropolitan cities living in in human conditions. Let him first visit the slums of Delhi and then talk about economics.

    DisAgree [1] Agree [9] Reply Report Abuse

  • El En Tea, Mangalore

    Sat, Mar 23 2024

    Economy he talks about the crores of Electrol bonds

    DisAgree [1] Agree [8] Reply Report Abuse

  • Rahul, Mluru/dxb

    Sat, Mar 23 2024

    Largest economy, highest gdp, bigger statues, do not measure happiness, peace of mind, poverty, hunger and job creation. Govt, Richest, richer and rich do do benefit from these numbers. Middle class and poor needs jobs and food. Largest economy and gdp cannot be served in plate for hungry man.

    DisAgree [1] Agree [10] Reply Report Abuse

  • John, Mangalore

    Sat, Mar 23 2024

    does that mean all indians will be thrid richest among all of other countries in the world. all will have big house, luxury cars and lost of cash.

    DisAgree [1] Agree [8] Reply Report Abuse

  • sense_shetty, Mangalore Kudla

    Fri, Mar 22 2024

    FDI has already decreased as per RBI data .. Not sure whom to believe.

    DisAgree [4] Agree [11] Reply Report Abuse

  • Jossey Saldanha, Raheja Waterfront

    Fri, Mar 22 2024

    He is only good at " 'Desh Ke Gaddaron Ko Goli Maaro Salo Ko" ...

    DisAgree [6] Agree [14] Reply Report Abuse

  • Bobato Charlie, Mangalore

    Fri, Mar 22 2024

    Does Anurag Thakur know the meaning of economy? Like a good-for-nothing piece of low-lying trash he only knows Goli Maro!

    DisAgree [5] Agree [14] Reply Report Abuse

  • Gautam Das, Bangalore

    Fri, Mar 22 2024

    Broken record since 2014 by Tom, Dick and Harry who don’t know what is economy but keep harping for gullible for votes.

    DisAgree [5] Agree [11] Reply Report Abuse

  • Anticorrupt, Mangalore/ Kuwait

    Fri, Mar 22 2024

    I wonder how much he is qualified to talk about economy and predict the future economy . Junk fellow…

    DisAgree [5] Agree [22] Reply Report Abuse


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Title: India will become world's 3rd largest economy in next 3 years, says Anurag Thakur



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