Govt’s reforms help Indian economy grow faster: Goyal

The government’s reform measures are helping the economy grow faster and the world is now looking at India as a major investment destination, Union Minister Piyush Goyal said on Sunday. He said that central schemes like Ujjwala and Jal Jeevan Mission are being implemented in every nook and cranny of the country without any discrimination.

The Commerce and Industry Minister also said that the government has managed the inflation rate in single digits.

“Government measures help stimulate economic growth and create employment opportunities for the youth in the country. We have now become the fifth largest economy in the world, which was the weakest five economy earlier during the Congress rule,” he told reporters here again.

Goyal said that countries around the world see India as a major economic destination and the country’s economic growth will also help boost the global economy.

He accused the Ashok Khelat-government in the state of doing nothing for the people here and indulging in corrupt practices.

„Currently the state government is not doing anything for the people of the state, they are only interested in vote bank politics, but now people have realized that, they will vote for the BJP in the upcoming assembly elections,” Goyal said.

He also accused the state government of not properly implementing the central government’s schemes and creating hurdles for the development of the state.

He said that due to the rise in oil prices in the state, although the central government has reduced the tax, the state government has not reduced the VAT on petrol and diesel.

Earlier, while interacting with the youth at Purnima University here, he said that foreign exchange reserves are increasing in the country.

Asked about lithium reserves in Jammu and Kashmir, he said the Ministry of Mines and Minerals was verifying it and India needed the technology to extract the important mineral.

Lithium is a non-ferrous metal and one of the main components in EV batteries. Currently, India is import dependent for several minerals such as lithium, nickel and cobalt.

He said India is talking with countries like the US and Canada to increase cooperation in the critical mineral sector.