Indian economy to become bigger, stronger than UK in next couple of years: Textiles Minister

Expressing confidence over growth of the country, the Textiles Minister Smriti Irani has said that the Indian economy would become bigger and stronger than the British economy in the next couple of years and added that the country is moving towards economic empowerment.

Besides, Smriti Irani said that factors such as the welfare schemes launched by the government and the leadership of Prime Minister Narendra Modi would help drive economic growth of India. She also made a comparison of economic conditions of India under current and previous government.

The Textiles Minister pointed that the country was under a huge debt under the erstwhile Congress-led UPA government, but now the BJP-led NDA government has been able to take the country out of such situation and is striving ahead with the dream of achieving a new India.

Meanwhile, with the help of solid expansion in manufacturing and farm sectors, India’s economic growth accelerated to a 15-quarter high of 8.2% during the first quarter (April-June) of the fiscal year 2018-19, as compared to growth rate of 5.59% in the first quarter of the previous financial year (2017-18) and 7.7% in the last quarter (Q4FY18).