Gadkari said that said India needs a liberal economic policy with the intention to provide its benefits to poor people
New Delhi: Union Minister Nitin Gadkari said that the country is indebted to former prime minister Manmohan Singh for economic reforms.
Addressing at TIOL Awards 2022 event on Tuesday, he said India needs a liberal economic policy with the intention to provide its benefits to poor people.
The economic reforms started by Manmohan Singh as the finance minister in 1991 gave a new direction to India. It ushered in a liberal economy he said.
“Liberal economy ke karan desh ko nayee disha mili,uske liye Manmohan Singh ka desh reeni hai (The country is indebted to Manmohan Singh for the liberalization that gave a new direction),” Gadkari said.
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Recalling the developments made in Maharashtra by him he said that he could raise money to build roads in the state when he was a minister in the mid-1990s due to economic reforms initiated by the former prime minister.
Gadkari asserted that liberal economic policy is for farmers and poor people.
Giving an example of a liberal economy he said, “China is a good example of how liberal economic policy can help in the development of any country.”
To accelerate economic growth, he said India will need more capex investment.
The road transport and highways minister said the NHAI is also raising money from the common man for the construction of highways.
He further added, “My ministry is constructing 26 green expressways and is not facing a shortage of money. According to him, the toll revenue of NHAI will soar to ₹ 1.40 lakh crore by the end of 2024 from ₹ 40,000 crore per annum currently.”
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