Advertisement

HindustanTimes Sat,23 Aug 2014

India is a shining star, will emerge stronger in 1 year, says Scindia

Agencies  New Delhi, January 25, 2013
First Published: 22:48 IST(25/1/2013) | Last Updated: 22:51 IST(25/1/2013)

Asserting that India was a “shining star” with a growth rate of 6.5%, which not many countries can boast of, power minister Jyotiraditya Scindia on Friday said the country would emerge as a stronger economic force in next one year on the back of continuing reforms.

Advertisement

The young minister said the growth momentum would be further aided by a focus on “transparency, accountability, execution capability and performance” by the government.

“In the current environment, where the world economy is coming out of a downturn, India is still very much one of the shining stars on a global perspective,” Scindia told PTI.

“This is an environment of cautious optimism but I really firmly believe that if we can go down the path that we have set ourselves on, then we will come out much stronger in the next 12 months,” he added.

“Even if you look at 6.7% growth rate, there are not even a handful of countries that are being able to post that growth rate. In terms of economic opportunities, India is one of the most attractive destinations — from a medium term view, from a long term view and from a short term view,” he said.


Advertisement
more from Business

Goldman Sachs in deal worth $1.2bn over US bond claims

The Federal Housing Finance Agency, which oversees Fannie and Freddie, announced the settlement Friday with the Wall Street powerhouse. Goldman Sachs sold the securities to the companies between 2005 and 2007.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved