Salient points of press conference of BJP National Spokesperson Syed Zafar Islam

 

Salient points of press conference of BJP National Spokesperson Syed Zafar Islam

 

●       Hon’ble Prime Minister Shri Narendra Modi ji is working down-to-dusk to strengthen the country while the Opposition is working to weaken the country. Leaders of opposition parties can blindfold their eyes but cannot blindfold the people of the country.

 

●       Opposition leaders are coming to the Parliament wearing black clothes. Their minds are also black, their deeds are also black. They want to paint the country with black colour. The progress of the country bothers them.

 

●       In the last 9 years, the country's economy has not only strengthened due to the steps and economic reforms taken by respected Prime Minister Shri Narendra Modi ji, but it has also become the fastest growing economy in the world. Today the country is running at a fast pace on the path of progress.

 

●       Hon’ble Prime Minister Shri Narendra Modi ji in his speech recently said that in his third term, India will be recognized as the third largest economy in the world. It is also proved in the research reports of prestigious international economic research institutes and many agencies in the country. India will be the third largest economy in the world by 2027.

 

●       Before 2014, our economy was in the 'Fragile Five', whereas now India is in the 'Top Five'.

 

●       At present, India's contribution in the incremental growth of global GDP is 12 to 13 percent, but the way India's economy is growing at a fast pace, India will contribute 15 to 20 percent to the global incremental GDP in the coming times. According to a report, by 2027, India will contribute more than 4 percent to the world's GDP.

 

●       The GDP of the world is contracting today. Global GDP was 3.5 percent last year, which is estimated to be around 3% this year. In such a situation, India's contribution to the world's GDP is a huge achievement for the country. This has been possible only because of the leadership of respected Prime Minister Shri Narendra Modi ji.

 

●       In the last 9 years, the country has performed brilliantly on every parameter of the economy under the leadership of Hon’ble Prime Minister Shri Narendra Modi ji, despite three big shocks like the Covid pandemic, the Russia-Ukraine war and the negativity of the opposition.

 

●       The opposition may wear black clothes, do black deeds, use wrong words, defame the country, but Hon’ble Prime Minister Shri Narendra Modi ji does not pay any attention to the negativity of the Opposition. On the other hand, he is engaged in strengthening the country and the country's economy.

 

●       It is estimated that India's GDP growth rate will be 6.5 percent in the financial year 2023-24 while the GDP growth rate in the first quarter of the current financial year is expected to be 8.1 percent. If we continue to grow at this pace for the next 10 years, then in 2027, our economy will be $5.5 trillion.

 

●       Our economy will be eight to nine trillion dollars in the next decade. By 2047, our economy will be around $20 trillion and by 2060, we will be among the two largest economies of the world.

 

●       At the time of Congress regime under UPA rule, loans from banks used to be obtained on phones. According to media reports, during the 10 years of the UPA government of the Congress, about 67 percent such loans were disbursed by the banks, which had no possibility of recovery.

 

●       From 1947 to 2006, the balance sheet of banks in India was only Rs.18 lakh crores, which increased three times during the UPA government of Congress in just 6 years from 2006 to 2012 to about Rs.52 lakh crores, which shows how they weakened banks.

 

●       Our government has made extensive reforms in the banking sector, due to which, today the financial health of the banks has become very strong, credit growth has also increased and the gross NPA has come down to less than one percent. We strengthened the recovery mechanism, did time bound resolution and recapitalized the banks.

 

●       During the 10 years of UPA rule, about $260 billion was invested in the country through FDI but in the last nine years only, about $700 billion came in the country, whereas for two years the whole world's economy was affected by Covid and even today the world is grappling with the consequences of the Russia-Ukraine war.

 

●       The investment in the country has almost tripled in a short span of time as compared to the Congress-led UPA government, which shows how much the world's faith in India's economy has become stronger. This has been possible due to political stability and strong leadership of Hon’ble Prime Minister Shri Narendra Modi ji.

 

●       Today, India has moved up 18 places in the Global Logistics Index. Similarly, India's rank has improved by 7 places in the Competitive Index. Digital economy has given a new strength to the country's economy.

 

●       India's growth is expected to exceed the current size of Australia's economy at USD 1.8 trillion between 2022-2027. According to a report, the GDP size of major Indian states in 2027 will exceed the size of some Asian and European countries like Vietnam, Norway.

 

●       India's current account deficit is also around two percent. The inflation rate is also under control in the country. In the UPA government of Congress, the average inflation of the country was around 7.5 percent, while despite the Covid epidemic and the Russia-Ukraine war, the average inflation of the country is now around 5.1 percent.

 

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