Economic power will make India audible, persuasive: Rao Inderjit Singh

In order to achieve high economic growth Singh said ''we must all work together... sabka saath... sabka vikas... sabka sahyog....''

AgenciesUpdated: Saturday, June 11, 2022, 04:18 PM IST
article-image
Union Minister Rao Inderjit Singh ''the economic power is going to make us not only audible, but also persuasive in whatever we wish to implement in this world.'' /Representative image |

Union Minister Rao Inderjit Singh on Saturday stressed on the significance of a strong economy and said the economic power is going to make India not only audible, but also persuasive in its dealings with the world.

He was speaking at the National Conference on Competition Law as part of 'Azadi Ka Amrit Mahotsav' celebrations under Ministry of Corporate Affairs.

''When India became independent, most of the industry was government owned, public owned... Today the government is not a regulator anymore. we are not inspectors anymore... we are facilitators,'' the Union Minister of State for Corporate Affairs said.

He further noted that ''the economic power is going to make us not only audible, but also persuasive in whatever we wish to implement in this world.'' According to official data, India's economy grew 8.7 per cent in last fiscal year (2021-22), as against 6.6 per cent contraction in the previous year.

''When the Modi government came to power, India clocked a GDP of 6.4 per cent and today we are running at 8.7 per cent , as per the latest data. If we can achieve this growth post-COVID, we are progressing faster than most economic superpowers... all our neighbours... what can we not achieve in the next 25 years?,'' he said.

In order to achieve high economic growth he said ''we must all work together... sabka saath... sabka vikas... sabka sahyog....'' Singh released a film on the journey of CCI, advocacy booklets in regional languages, and a special issue of CCI's quarterly newsletter, Fair Play, and felicitated winners of the essay and quiz competitions.

(With PTI inputs)

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Dispose of Former Tamil Nadu CM J Jayalalithaa’s Rs 11,000 saris, footwear: Plea

Dispose of Former Tamil Nadu CM J Jayalalithaa’s Rs 11,000 saris, footwear: Plea

Maharashtra political crisis: Can't support people who had direct connection with culprits of Mumbai...

Maharashtra political crisis: Can't support people who had direct connection with culprits of Mumbai...

Thane: CM Uddhav Thackeray's poster blackened, Sanjay Raut's effigy burnt by rebel Eknath Shinde's...

Thane: CM Uddhav Thackeray's poster blackened, Sanjay Raut's effigy burnt by rebel Eknath Shinde's...

Chattisgarh: Congress to sit on Satyagraha against Agniveer scheme

Chattisgarh: Congress to sit on Satyagraha against Agniveer scheme

Moderate rainfall in Mumbai and suburbs for next two days: IMD

Moderate rainfall in Mumbai and suburbs for next two days: IMD