Union Minister of State (Independent Charge) for Development of North Eastern Region, Jitendra Singh, said that India is a "happening" place today and soon the country is destined to become a trendsetter in global economy.

Singh was addressing the Cost and Management Accountancy (CMA) Awards function organized by the Institute of Cost Accountants of India (ICAI), on Tuesday.

Congratulating the young achievers and award winners in the field of Cost and Management Accountancy, Dr. Jitendra Singh said, "you deserve kudos because you have made it on your own and in the years to come, you have an important role to play because India is progressing by rapid strides and the role of cost and management accountancy is bound to increase manifold".

"You form the backbone of not only Indian economy but that of the 21st century India", said Dr. Jitendra Singh and added that this is what makes all the difference and also makes everyone’s role much larger and crucial than ever before.

Referring to the rise in Growth rate, Singh said, even though during the last one year after the Modi Government took over, the Growth rate has shown a constant steady rise, but our target is to achieve a double-digit Growth rate for which you can also contribute by suggesting the suitable pricing mechanism.

Referring to various innovative schemes launched by the Modi Government, he said, pro-poor schemes like "Jan-Dhan Yojana" and "Atal Pension Yojana" are in fact not only a means of productivity and the economic security but these also bridge economic and psychological gap among various sections of India's heterogeneous society.

Emphasising that India is presently going through one of the best times, the minister said that greatest advantage for the Indian economy today is that the present political establishment is favourably inclined.