Home Minister Amit Shah said that the current economic slowdown is a “Temporary Phase” and the country will be a 5 trillion-dollar economy by 2024.
Shah has said that country’s economy has moved from the era of policy paralysis, scams and corruption pre-2014 to an era of bold, transparent and decisive decision-making under the Prime Minister Narendra Modi-led government.
Addressing the Economic Times Awards for Corporate Excellence in Mumbai, the Home Minister asserted that the industry and market will tide over this temporary crisis despite a slowdown. Shah assured the industry that the “government is standing solidly behind them and is tackling all the challenges in a proactive fashion”.
Expressing hope that the industry and market will tide over this temporary crisis despite a slowdown, the Home Minister assured the industry that the "government is standing solidly behind them and is tackling all the challenges in a proactive fashion".
He said that the last 5 years were of the "detoxification of the economy" and in the next five years a "series of reforms" will be taken to make it one of the most powerful economies of the world.