Union Home Minister Rajnath Singh said that by 2030, India would be among the top three economies of the world. Speaking at the conclusion of the Investors Summit here on Monday, he said that already due to stable Government at the Centre and the various decisions taken by it, India is among the fastest growing economies of the world.
Singh said that economy is the spinal column of any country and State. Investments are also important for the economy. He said, “Presently, the Governments at the Centre and State are both stable. After about six months, the Lok Sabha elections are going to be held. We all know what will happen in the elections so I will not elaborate on that. However, due to steps taken by the Government, India is one of the fastest growing economies in the world. We are presently sixth in the world and moving towards fifth position among the world economies. By 2030, India will be among the top three economies of the world,” he said.
Recalling the time when Atal Bihari Vajpayee was the Prime Minister of India, he said that Vajpayee was of the opinion that bifurcation of States like Madhya Pradesh, Uttar Pradesh and Bihar was important also for boosting the economy. “The three states created then-Uttarakhand, Chhattisgarh and Jharkhand are today all doing very well economically,” he said.
Referring to the steps taken by the Home Ministry, he said the earlier it used to take up to a couple of years for industries to get security clearance from the ministry. “However, now if any industrialist doesn’t secure the clearance within 60 days, one can contact me. I was reviewing the Ministry’s work and ascertained that in the current year we have provided security clearance to industry in 53 days,” said Singh.