Union Minister of State for Heavy Industries and Public Enterprises & Parliamentary Affairs Arjun Ram Meghwal on Thursday exuded confidence that the economy return to 7 to 7.5 percent growth rate in 2021. He said that Centre's initiative to stimulate economy post lockdown was bound to yield result.

He was in Indore to the 48th National Convention of Companies Secretaries being organized under aegis of The Institute of Company Secretaries of India (ICSI), he said . In view of the state of economy in the post lock-down era, Meghwal said that economic slow-down was a world-wide phenomenon. "However, our Government took speedy decision to stimulate it and released Aatma Nirbhar package. Recently, we released 'Production Linked Incentive Scheme' and just a day before in the field of infrastructure we devised spectrum policy," he said. The minister said some political parties were pushing their agenda in the name of 'Kisan Andolan'.

"The auto sector, which comes under my portfolio of Heavy industries, is witnessing significant improvement. All this will contribute significantly in bringing the economy back on track. I can say that in 2021 our GDP growth rate will stand close to 7 to 7.5%. Even several international rating agencies are making similar assessment, he said.

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