India’s home minister Rajnath Singh has said that India would be listed among the first three economies of the globe by 2030 if it kept up its current pace of growth.
The minister was speaking at the concluding session of the two-day investors’ summit on Monday (9) in Dehradun, the capital city of the tiny Himalayan state, Uttarakhand.
Today, India is witnessing the fastest growth rate in the globe. Earlier, it was placed at the ninth position in the list of top 10 largest economies of the world but it climbed to the sixth position during the past few years, the minister added.
The minister further highlighted that this is the right time to invest in India as the country is witnessing significant structural and procedural reforms led by his government. Singh expressed his confidence on Goods and Service Tax (GST) implemented last year and said: "you will see that the GST will prove to be a boon for the country in the coming times.”
Singh also assured the gathering that his government policies can be debated, but the country’s prime minister Narendra Modi aims, intentions can’t be questioned. Despite depreciating Indian currency against the dollar as a result of multiple factors, the investors' confidence to invest in the country remained intact, the minister said.
Inviting investors to Uttarakhand, the minister added that the state with sound law and order situation has huge potential in tourism and wellness sectors.
The investors in Uttarakhand have huge opportunities to tap as 1,50,000 wellness centres are scheduled to be established across India under Ayushman Bharat Yojana, India’s national health protection scheme. The state is also a hub of Yoga, Ayurveda, and meditation, the minister said.
