The Modi Government has brought a sea of change pertaining to the Indian economy and the share market is reaching sky high, said Amit Shah. In an exclusive interview, Shah stated, “Even after selling by FIIs, Indian mutual funds have bolstered the market. Due to the PLI scheme and a strong ecosystem, India has become a favorite destination for manufacturing in the whole world. Our children are registering startups every day, our companies are registering patents daily, a lot of self-employment opportunities have been created. The balance sheets of all the banks have become very healthy. All the industrial growth parameters are at the topmost markings of 25 years.”
Before the Modi government came into power, Shah stated, “the country's economy was in a shambles because of all the mismanagement. Policies were not being made, production activities had slowed down, exports were in free fall, the balance sheets of all the public sector banks of the country could not be made honestly. This was the situation. Inflation was touching the sky, and all the 16 parameters of the budget were negative.”
Shah also signified that India has been a frontrunner in the sectors which will help steer the world economy as a whole in the next 25 years. Today, the world has come to know that the country has become a leader in driving future-driven sectors such as green hydrogen manufacturing, and semiconductors.
“So, the economy has also improved, it has also become safe. The country was number 11 in the list of economies, now it is fifth. Be it village or city, forest or desert, coast or city, work is being done for the development of infrastructure everywhere. Today, 10 lakh crore rupees being spent on infrastructure from the budget has become common for India. GST collection and direct tax collection are breaking all their own records,” he further added.
“We can become number 1 in the world. Whether it is higher education, new economic policy, or Ram Janmabhoomi, ending Article 370 sections, triple talaq, bringing UCC or fundamental changes in the criminal laws of the country, these 10 years will be written in golden letters in every field,” he highlighted.
