India can grow in double digits with expansion of manufacturing base – Anurag Thakur
Union Minister Anurag Thakur said on Saturday that India has the potential to achieve double-digit growth through a healthy dose of digital services and manufacturing base expansion, which will be driven by rural sector, youth and demand.
The Minister of State for Finance said that in the last six years, the Modi government has made continuous reforms which have brought significant changes.
Anurag Thakur said, “Now all indicators point to stable and stable economic conditions – from inflation to fiscal deficit, foreign exchange reserves to current account deficit, from GDP growth to financial inclusion.” Talking about the recovery post unlock, he said, it is broad based and does not come only from the agricultural sector. “We have seen a tremendous improvement in passenger vehicle sales, 2-wheeler sales, oil consumption, steel production, cement production, international air cargo in other sectors,” he said.
Due to the gradual and thoughtful unlocking of the lockdown and the resumption of business activities in the second quarter, he said, “We are looking at a strong economic revival based on strong fundamentals and structural reforms.” Anurag Thakur, who was awarded an honorary membership of the Institute of Company Secretaries of India (ICSI), said that India is building a favorable ecosystem for enterprises and entrepreneurs that will emerge as major global players. .
Anurag Thakur said that Prime Minister Narendra Modi’s Atmanbir India’s economic strategy is not only for self-sufficiency, but stability in all areas.