LUCKNOW: Terming demonetisation a “short-term pain for a long-term gain”, Union Home Minster Rajnath Singh today said India would be among the top three world economies in the next ten years.
“After the decision of demonetisation, cashless transactions have increased by over 300 per cent. It is not a small thing. It is a bold and historic decision,” he said.
Singh was speaking at a function here to mark the launch of ‘Lucky Grahak Yojana’ and ‘Digi Dhan Vyapaar Yojana’.
“This decision will shape the future of India, it will make India an economic super power,” he said.
Referring to the hardships faced by common people due to note ban, he said it was a “short-term pain for a long-term gain”.
“Things are looking up now… The circulation of new currency notes in the market has improved,” he said, noting that India was the “fast-growing economy” in the world.
“Modi wants to take decisions that will catapult India to the slot of top three economies of the world, and I am confident of it,” he said. (AGENCIES)