Slump in economy is aberration, happy days are ahead, says Venkaiah Naidu

While speaking at conference on Friday, Vice President said that the discussion which is going on economy is good for democracy “but at the same time, we need to understand the experience”

Must Read

Explained: The evolving nature of cybersecurity threats

Concerns such as hacking and the presence of computer viruses have existed for decades in one form or another. As technology evolved over the years, so did the cybersecurity  threats themselves.

Sapience Analytics signs distribution agreement with Redington

and Redington said that they have entered into a distribution agreement where latter will resell the Sapience Vue solution through its network of over 30,000 channel partners, system integrators, and value-added resellers countrywide.

Andhra Pradesh to resurvey and digitise all land records

The push for resurvey and of land records in Andhra Pradesh comes from the success of resurvey done in Thakkellapadu of Jaggayyapeta mandal in Krishna district

From BJP chief Amit Shah attribution to “technical reason” for the dip in the GDP growth rate to 5.7 per cent in the last quarter, now the said that slump in economy is aberration and happy days are ahead for everyone.

While speaking at International Conference on Technological Advancements in Railway & Metro Projects 2017 on Friday, Vice President said that the discussion which is going on economy is good for democracy “but at the same time, we need to understand the experience.”

He said “If some transformation or any reformation is going on, there will be some initial hiccups. But at the end of the day, it will help. A revolutionary taxation and reformation is taking place in the country. In future there will be a very happy situation with such a massive transformation taken place in a vast country like India.”

To convey that all is well in the , he quoted The World Bank Chief, Jim Yong Kim who had said that the recent slowdown in economic growth in India as an aberration mainly due to temporary disruption in preparation for the GST. That will be corrected in coming months. He also said that the GST is going to have a huge positive impact on Indian economy.

“There is a discussion going on slow-down. Sales of cars, televisions and refrigerators increased more than 15 per cent in this Navaratri and Dassehra from last year. This shows how the country is moving forward,” Vice President Venkaiah Naidu said.

Subscribe to receive the day's headlines from Tech Observer straight in your inbox

Leave a Reply

*The moderation of comments is automated and not cleared manually by techobserver.in. Embedding of any link and use of abusive or unparliamentary language are prohibited.
- Advertisement -

Latest in TECH

Sapience Analytics signs distribution agreement with Redington

Sapience Analytics and Redington said that they have entered into a distribution agreement where latter will resell the Sapience Vue solution through its network of over 30,000 channel partners, system integrators, and value-added resellers countrywide.
- Advertisement -SAP Hana

Related Articles