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India only economy not affected by global economic crisis: PM


India is the only economy which has not been affected by the global economic crisis which has affected the world, primarily due to the policies being implemented by the government, Prime Minister Narendra Modi said today.

“Everyone is saying this… The World Bank, the IMF. The world is going through an economic crisis, but it is India alone that is progressing at a rapid pace. This is a unique situation when the whole world is slipping and India is growing,” Modi said at a function organised to mark the 140th birth anniversary of social reformer Dayanand Saraswati.

“People across the world are saying that the steps taken by the government (have led to) India becoming the fastest growing economy among the larger economies of the world,” he said. “One thing can free us from our problems, from poverty, from lack of education and that is development,” Modi said, while referring to his government's socio-economic programmes like Mudra and Skill Development.

“Over two crore people have benefitted through MUDRA Yojana and over Rs one lakh crore has been disbursed to them. Financial support has been given to people and we have faith in them,” Modi said.

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