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 Vice President Venkaiah Naidu 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 Indian economy, 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.