You are here: Home » Economy & Policy » News
Business Standard

Cases of Rs 89,000 cr in my ministry: Gadkari concerned over slowdown

Modi had said that discussions on achieving the vision of making India a $5 trillion economy did not come all of a sudden

Topics
Gadkari | Economic slowdown

ANI 

Nitin Gadkari
Photo: Sanjay K Sharma

Union Minister Nitin on Sunday expressed deep concern over the in the country.

He said there are "cases of around Rs 89,000 crore in his ministry" and he has warned the concerned officers about the economic situation as they had to handle all the projects.

"I called senior officials at my home and told them there are cases of around Rs 89,000 crore. I will not tell you what to do. I will only tell you the economy of the country is going through a challenging situation. There is a shortage of liquidity and you have to take decisions quickly," said here at an event.

Gadkari's statement comes at a time when the opposition has targetted the Centre on several issues including inflation, economic slowdown, unemployment, National Register of Citizens (NRC) and the Citizenship Amendment Act.

The current size of the Indian economy is estimated at $2.7 trillion. However, the Central government has announced to make efforts to ensure India becomes a $5 trillion economy by 2025.

On Friday, Prime Minister Narendra Modi had said that discussions on achieving the vision of making India a $5 trillion economy did not come all of a sudden and asserted that the country has strengthened itself in the last five years to achieve these goals."Talks on $5 trillion dollar economy haven't come all of a sudden. Our country has strengthened itself so much in the last five years that we can aim to achieve such goals," Modi said while addressing the inaugural session of '100 years of ASSOCHAM' in New Delhi."Every group that can enable the economy is keeping the target of $5 trillion economy at the centre of its plans and talks are happening in several sectors. These discussions are positive. Credit for every achieved target goes to the people and not to the government," he added.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, December 22 2019. 23:23 IST
RECOMMENDED FOR YOU
.