This time shall pass: Gadkari on slowdown

September 15, 2019 09:05

Union Minister for Road Transport and MSMEs Nitin Gadkari acknowledged that industries in India are facing a tough time but stressed that the slowdown in the economy will end soon.

The Union minister said that the Centre is committed to push the growth rate and is taking measures to boost the flagging economy.

He said that auto sector is going through a tough period and automobile manufacturers were worried over the slowdown. "I told them, Kabhi Khushi Hoti Hain Kabhi Gham 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.

Gadkari also announced that his ministry has decided to start 68 road projects worth up to Rs 5 lakh crore in the next three months with an aim to increase demand for commercial vehicles.

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