The 21st century will belong to Asia and India is going to take lead in shaping the outcomes in the continent, Union Minister of State for finance Arjun Ram Meghwal today said.
He said the 19th century was Europe's and the 20th was that of America, and now its the turn of Asia.
"I feel the 21st century will belong to Asia and India will lead," he said at an Assocham award function here
He said the country's growth story is not being recognised well.
"Have you seen Miss Universe beauty awards? You would have seen that a girl who is the most beautiful among all the contestants does not get the award but somebody else wins who might not be that beautiful. What could be the reason? The jury looks at the behaviour and thought process of the contestants and then decides the winner.
"We could also find people who can say the pace of growth of India is not good enough," Meghwal said.
The Minister said if the country adopts social banking well then nobody can stop it from growing at a fast pace.
"Banks should reach to the unbanked. They should fund the unfunded. This will bring revolution in the agriculture sector leading to higher growth for the country."
He asked banks to be cautious and do appraisal of each and every loan request carefully to avoid building up of non- performing loans at a later stage.
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