Union Minister Hardeep Singh Puri on Sunday said that the statistics of government's flagship programmes do not show that there is an economic slowdown in the country.
Speaking at the concluding day of Asia Economic Dialogue, a 3-day conference organised by Pune International Center in collaboration with the Ministry of External Affairs, (MEA), Puri said, "I just want to place before you some statistics. I am often told that there is an economic slowdown, our automobile sector is not showing growth rate it used to."
Puri said, "When I see the statistics of our flagship programmes. The Prime Minister's dream that by the time we reach 2022, every Indian must have their own home. The title should be in the name of the lady of the house, gender empowerment, dignity of the girl child, pucca home built to ecological and sustainable standard."
"The committee for monitoring and sanctioning of the project headed by the secretary in my ministry formed in December 2017 has already sanctioned over 1 crore homes in the last three months. We revise demand assesment...we are doing. All these things don't look like an economic slowdown," he said.
The Union Minister said, "I was inducted into the council of ministers in September 2017, the daily ridership of Delhi metro when I was inducted in 2017 was 2.4 million per day and today its 6.5 million. If you tabulate Ola and Uber ridership between the same period, you will get a pretty good picture of what mobility is all about."
"During this period certain kinds of automobiles have been sold in large numbers, while some not due to technical specifications like BS 4 and BS 6, they are undergoing a change," he added.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
