Union Minister of State for Finance and Corporate Affairs, Anurag Singh Thakur while addressing a press conference said that the steps taken by the Union government to give a boost to the economy in the wake of the slowdown will start bearing fruit in the coming months.
He said various steps had been taken by the government to counter the slowdown in different sectors such as automobile and infrastructure segment. In the next few months these measures will result in more investments and it will result in more employment creation and productivity.
“Already the base has been laid for reaching the target of a ₹5-trillion economy and by 2024-25 India will transform from world’s biggest democracy to the biggest economy,” the Minister added.
As far as the farm sector was concerned, he said the government had rolled out plans for doubling the income of farmers and accordingly steps were being taken. He said that as part of the initiative to boost the economy, ‘grahak melas’ will be held across the country by various banks to assist the common people to get loans, which in turn would boost various sectors. “You will see positive changes after the grahak melas,” he added.