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Home National Gujarat Ahmedabad

Hope GDP will be positive in next quarter, says Amit Shah

He praised Chief Minister Vijay Rupani and Deputy CM Nitin Patel for taking forward the tradition of development started by Modi when he was the state’s chief minister.

by Navjeevan Express
5 years ago
in Ahmedabad, Breaking News, Business, COVID-19, Gujarat, Health & Environment, Lockdown
Reading Time: 3 mins read
0
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Hope GDP will be positive in next quarter, says Amit Shah

Union Home Minister Amit Shah

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NE NEWS SERVICE

AHMEDABAD, NOV 30

Union Home Minister Amit Shah on Monday said he hopes the GDP will be back to positive territory in the next quarter, after two consecutive quarters of contraction.

Gujarat Achieves Highest FDI pic.twitter.com/xLgt7Uv5D7

— Vijay Rupani (Modi Ka Parivar) (@vijayrupanibjp) November 30, 2020

Prime Minister Narendra Modi worked hard for the economic recovery and had also announced a package after the crisis due to coronavirus, Shah said after inaugurating two road over-bridges in Ahmedabad through virtual mode.

કેન્દ્રીય ગૃહમંત્રી અને ગાંધીનગર લોકસભાના સાંસદ શ્રી @AmitShah ના વરદ હસ્તે સાણંદ સર્કલ અને સિંધુ ભવન ચાર રસ્તા પર નિર્માણ પામેલ ફ્લાયઓવર બ્રિજનું ઈ-લોકાર્પણ કરવામાં આવ્યું. (1/2) pic.twitter.com/lcrw1KxP2W

— BJP Gujarat (@BJP4Gujarat) November 30, 2020

He also praised Modi for a record FII (foreign institutional investors) inflow to India during the COVID-19 pandemic period.

“As prime minister, Narendrabhai used the time of COVID-19 pandemic to visualise policy-making, keeping in mind its long-term impact on the economy,” Shah said.

Without wasting a second, he worked on reforms in many areas like the farm sector, electricity, industrial policy, to create a system to maintain the pace of development, he said.

3,400 કરોડ રૂપિયાના ખર્ચે 68 રેલવે ફાટકો પર ઓવરબ્રિજનું કામ મંજૂર કર્યું છે.

72 ફાટકો પર ઓવરબ્રિજ બનાવવાનું કામ 3,000 કરોડ રૂપિયાના ખર્ચે ચાલુ છે.

આવનારા દિવસોમાં ગુજરાત સંપૂર્ણ રેલવે ફાટક મુક્ત રાજ્ય બનશે. : નાયબ મુખ્યમંત્રી શ્રી નીતિનભાઈ પટેલ pic.twitter.com/Nwyht3jm1t

— BJP Gujarat (@BJP4Gujarat) November 30, 2020

Towards this end, he offered a package of Rs 20 lakh crore for the welfare of poor people and to give pace to the economy, Shah said in his address via video-conferencing.

“As a result, in terms of the recent GDP figure, we are only six percent behind…and I hope that in the next quarter, the GDP will be in plus (positive),” Shah said.

The gross domestic product (GDP) had contracted by a record 23.9 percent in the first quarter (April-June) of 2020-21 fiscal as the coronavirus-induced lockdown pummelled economic activity.

The country’s economy recovered faster than expected in the July-September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 percent, according to official data released recently.

Shah also praised Modi for a record FII (foreign institutional investors) inflow to India during the pandemic period, and said it was a result of the far-sightedness of the prime minister who “utilised the COVID-19 period to bring about reforms in the economic and industrial policy”.

“As far as the FDI (foreign direct investment) is concerned, today India has received the highest amount of FDI during COVID-19 time. India received a record FII (inflow) in November, money for investment from abroad,” he said.

Shah also praised Gujarat for its progress in terms of industrial development.

“Gujarat has always continued its tradition of progress in terms of industrial development. As reported in newspapers, in terms of FDI, Gujarat has remained on top with nearly 50 percent investment,” he said.

Shah also assured the Gujarat government of Centre’s support for development projects.

He praised Chief Minister Vijay Rupani and Deputy CM Nitin Patel for taking forward the tradition of development started by Modi when he was the state’s chief minister.

Shah said Gujarat deserves to be congratulated for maintaining the pace of infrastructure development despite the COVID-19 pandemic.

Addressing a gathering on the occasion, Rupani said the inauguration and laying of foundation stone of projects worth Rs 15,000 crore were done during the COVID-19 period, and the government did not let the pace of development be affected.

“We did not let COVID-19 pandemic come in the way. We laid the foundation stones and inaugurated projects. The prime minister also inaugurated four projects…Gujarat gets the highest GDP. Now, there is nobody in Delhi to create hurdles. We now get whatever we ask for,” he said.

The two flyovers inaugurated on Monday are part of the Rs 867 crore Ahmedabad-Gandhinagar highway project that connects Sarkhej (in Ahmedabad) to Chiloda (in Gandhinagar), DyCM Nitin Patel said.

Seven more flyovers will be constructed on the 44-km route to ensure uninterrupted movement of traffic, Patel said.

Tags: Ahmedabaddevelopment projectsgdpModinitinRupanishah
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