Chennai- Recently Information and Broadcasting Minister Anurag Thakur said that within the next three years, India will become the third-largest economy in the world.
Speaking at the Viksit Bharat Ambassador (VBA) meet-up program here, the union minister said that in 10 years, since Prime Minister Narendra Modi-led government came to power at the Centre in 2014 The union minister said that during the regime of the previous UPA government, there were many fraud cases but since 2014, it was a clean government that Prime Minister Narendra Modi has been leading.
He also mentioned 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 was heading the country. He, however, said that the former Prime Minister was controlled by Congress leader Sonia Gandhi.
He said that because of the misgovernance, the country had high debt rates, high inflation rates, and policy paralysis. The union minister said that the GDP rate has now increased from 4.5 percent to 8.5 percent which was the highest in the world and at the same time, inflation reduced up to 6.7 percent.
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 improved the economy, adding that 65 percent of the beneficiaries from the scheme were women. He said that during previous days, 430 million individuals were not connected with the banking system.
Anurag Thakur said that PM Modi’s government opened 43 crore bank accounts for the people, within two years, whereas the Congress-led government could not do in for so many years. During the erstwhile Congress rule, since the pilferage was huge, the money was not reaching the beneficiaries, says the union minister. However, PM Modi used technology, the Department of Telecom, and connected Aadhaar and Jan Dhan accounts and money was reaching the beneficiaries 100 percent, he said. Anurag Thakur also said that under the Pradhan Mantri Suraksha Bima Yojana, every Indian is presently protected and this was never there before 2014.
