RAIPUR: The Indian economy would rebound in the future and the current slowdown was cyclical, Vice President M Venkaiah Naidu said at the 102nd annual conference of the Indian Economic Association here on Friday.
He said the economy was facing challenges due to decline in growth this fiscal, and asked the gathering to be optimistic about a turnaround.
“It is true there are some challenges for the Indian economy…But I want to tell everyone there are ups and downs. But we must be optimistic. We should not be pessimistic,” he said.
Naidu claimed the country had faced similar situations earlier in the wake of the East Asian financial crisis and global slowdown, but had bounced back with higher growth rates every time. (AGENCIES)
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