Indian economy structurally, fundamentally strong: MoS Finance

Indian ecomy is structurally and fundamentally very strong and current slowdown, which is cyclical in nature, would t affect it much, Minister of State for Finance Anurag Thakur said on Monday. Thakur furr said Narendra Modi-led government has taken several steps to boost Indian ecomy.

" cyclical effect which you could see today will t impact Indian ecomy much. Why I am saying this because we are structurally and fundamentally very strong and we can face cyclical winds of today," Thakur told reporters on sidelines of an event to mark Panjab University foundation day.

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Union minister furr exuded confidence that India would achieve target of becoming a USD 5 trillion ecomy by 2024-25.

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'Attractive investment destination'

"We will definitely become USD 5 trillion by 2024-25," said Thakur. He ded, "Modi government has taken each such step which will boost ecomy. body could ever have imagined that corporate tax rate will be slashed. We did that in order to attract more investments into India. Today, India has become an attractive investment destination in world. When more investment takes place, ecomy will expand and it will also boost employment generation."

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When asked that opposition parties have me current slowdown in ecomy as a major poll issue in Haryana and Maharashtra assembly elections, Thakur said Bharatiya Janata Party will win polls in both se states with big margin. Besides, party will also win by-elections in several states because of good governance and development, he said.

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