S Jaishankar optimistic about India’s 7 percent growth despite the Ukraine crisis
While on his two-day visit to Saudi Arabia, External Affairs Minister S Jaishankar said that despite the challenges posed by the Ukraine crisis, he is confident that India will be the fastest-growing major economy in the world this year with at least 7 percent growth.
Jaishankar addressed the Indian diaspora in the capital city Riyadh. EAM S Jaishankar noted that the world is facing many challenges arising out of the Ukraine crisis. He said, “India has been making powerful efforts to actually grow its economy. Now, it is moving towards becoming a higher-income country.”
He said, “A lot of this required a vision, prudent management of our fiscal resources. It has required policies which made it easier for banks to lend and make it easier for small and medium companies to get lending, for self-employed people to get lending.”
He further added that India thinks about the ways to alter its credit, banking, education, and labour policies. “Two highly fascinating phenomena are the result of the significant improvements that have taken place. We recorded the largest export volume ever in the fiscal year that ended March 31, 2021. We exported USD 670 billion in total. We had to trade in USD 400 billion goods,” he said.
Jaishankar also lauded the ‘Vande Bharat Mission’ under which 70 million people were brought back from all over the world. Speaking to the Indian community in Riyadh, Jaishankar said, “We brought back 70 million people under Vande Bharat Mission from all over the world. No one has done that, it is the biggest evacuation and was done during covid. That is India that the world sees today.”
Further, Jaishankar emphasised that the notion of India as a trading power is now credible. The External Affairs Minister said that when he holds the meeting, his Saudi counterpart will be meeting “the foreign minister of the fifth largest economy, the foreign minister of a country that not only responded to the Covid challenge but also come out of it very strongly…one whose digital infrastructure capabilities such as health infra has grown in this period and a country whose ability to take care of its people abroad has also been demonstrated.”
[With Inputs from IANS]
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