Keeping the current pace of growth, India will be among the top three economies of the world by 2030, said Union Home Minister Rajnath Singh on Monday. The home minister’s statement came while he was addressing the concluding session of the two-day Investors' Summit in Dehradun.
“India today is one of the fastest growing economies. We were at number nine in the list of 10 biggest economies of the world but jumped to the sixth position over the past few years," he said.
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"If it goes at this pace India will sure be among the world's three biggest economies by 2030," he added.
The Union home minister further stressed that the time was right for global investors to make investments in India.
Major structural and procedural reforms were underway in the country under the "credible" leadership of Prime Minister Narendra Modi, he said.
"You will see that the GST will prove to be a boon for the country in the coming times," Singh said.
The "undoubtable credibility" of the prime minister has ensured that despite the fall in the value of rupee against the US dollar, due to a combination of factors, the investors' confidence to invest in the country remains intact, the Union minister claimed.
"The Centre' policies can be debated but the prime minister's intentions cannot be questioned," he said.
Hailing Uttarakhand, he invited investors to the state and said it had great potential in tourism and wellness sectors and its sound law and order would never give them a chance to complain.
"With a renewed interest all over the world in yoga and alternative treatment systems, Uttarakhand holds much in store for investors," he said.
Singh further noted that delayed security clearance from the home ministry was a source of headache for investors and assured them that his ministry will grant clearance within 60 days of applying.