Tough time will pass: Nitin Gadkari on economic slowdown
Amid the slowdown in the economy, Union minister Nitin Gadkari on September 13 exhorted the industries not to lose heart, saying this phase will pass.
The Union Minister for Road Transport and MSMEs was speaking at a function to mark 65th foundation day of the Vidarbha Industries Association here. “I know the industries are going through a tough time now. We want to increase the growth rate.
“Recently, I met automobile manufacturers at all India convention of automobile industry and all of them were little worried…,” Gadkari said.
“I told them, Kabhi Khushi Hoti Hain Kabhi Gam Hota Hain (there are times of joy and times of sorrow), sometimes you succeed, sometimes you fail…life is a cycle.
“So in your life too, because of global economy, demand and supply, business cycles you face little problems sometimes. Even the (rest of the) world is facing this problem. So don’t get disappointed, this time will pass,” Gadkari said. “And I certainly feel that in coming days we are going to be the fastest growing economy,” he said.Get access to India’s fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code “GETPRO”. Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.