(ET)
The current economic crisis being faced by India is a temporary phase and the country still remains the fastest growing economy in the world, and a favourable investment destination, Union minister for road transport and highways Nitin Gadkari said.
India has its huge population and skilled manpower to its advantage, and countries should look at investing in micro, small and medium enterprises, (MSMEs), infrastructure sectors, which promise “very good returns, Gadkari, who who is also India’s MSME minister, said at the US India Business Council annual summit on Tuesday. Gadkari added that the government was determined to increase its exports and reduce imports, with rural, backward and tribal areas at the centre of its focus.
