India will be third largest economy in 4-5 years

Union minister Piyush Goyal while speaking about the fastest growing economy said that in view of the international situation, India might have to sometimes calibrate. The steps that are being taken by the government on inflation will soon make India third largest economy in 4-5 years. 

Goyal was speaking at the India’s largest political conclave ‘India News Manch’ Conclave here. 

The minister said, India cannot isolate itself from world. “The biggest difference between India and other countries is that India itself is a market. Simultaneously, the way country’s youth is engrossed in building the nation with advancements and introduction of new start-ups, creates a curiosity and gives rise to the internal demand of the country which again is an achievement in itself.”   

On Covid, the Union minister lauded the government’s approach in battling the Covid. He said that the way Covid is accelerating in China , it is posing a very critical situation globally. “This is the reason PM Modi himself is taking a stock of the situation which also signifies his proactive approach. Though we have the vaccine which is manufactured in India is quite efficient against the virus to combat several variants, yet we ought to take the precautionary measures in the view of the rising Covid cases. PM Modi has advised all the states to constantly monitor the situation so that we are fully prepared for the unprecedented rise in the cases. He also advised people to get the precautionary dose administered,” he added.  

Responding to the questions on the matter of defence and national security that are put forth in the parliament, Goyal said that there is no point of evading the discussion. “Four different instances were put forward when UPA was in power and we were in opposition. There were 4 times when a critical situation emerged and Congress urged that since it is a matter of national security, it should not involve public attention or dialogue. And we didn’t even force our hand on the government that this situation requires discussion which shows that BJP is a responsible government. And Now that we ourselves are in the power, it is our onus to keep the matters of national security private. Just because the opposition demands discussion, the matters of national security cannot be compromised in the backdrop of opposition’s discussion. “

While speaking about suspending trades with China Minister said, this is a gradual process. It cannot be done in a blink of an eye. This matter was also put forth in the parliament and in the past, the trades were not very strong with China. After 2004, the government opened the floodgate between India and China that the trade deficient between both the countries kept increasing. Yet we tried to keep a balance and strictly supervised and we are constantly trying to reduce the dependence on import.