Amid a slowdown in the economy, the Union minister, Mr. Nitin Gadkari, has exhorted the industries not to lose heart, saying this phase will pass. The Union Minister for Road Transport and MSMEs was speaking at a function to mark the 65th foundation day of the Vidarbha Industries Association..
'I know the industries are going through a tough time now. We want to increase the growth rate. Recently, I met automobile manufacturers at all India convention of automobile industry and all of them were a little worried', Mr. Gadkari said.
He told them, Kabhi Khushi Hoti Hain Kabhi Gam 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 the 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,' Mr. Gadkari consoled them . 'I certainly feel that in the coming days we are going to be the fastest growing economy.'