Minister of State for Finance and Corporate Affairs, Anurag Thakur was speaking to reporters on the sidelines at an event to mark the Panjab University foundation day. “The cyclical effect which you could see today will not impact Indian economy much. Why I am saying this because we are structurally and fundamentally very strong and we can face cyclical winds of today.”
“We will definitely become USD 5 trillion by 2024-25,” he added.
“Modi government has taken such steps which will boost the economy. Nobody could ever have imagined that the corporate tax rate will be slashed. We did that in order to attract more investments into India.”
“Today, India has become an attractive investment destination in the world. When more investment takes place, the economy will expand, and it will also boost employment generation.”
While addressing the students at the event, the Minister said, “The youth plays an important role in nation-building and India has an advantage as 50% of its population is below the age of 25. You must visualise yourselves as job creators instead of job seekers.”
“Six years back, no one considered India as a country which fosters the growth of startups. But that is not the case now as our government has promoted startups,” MoS Thakur stated.