Union minister Rajnath Singh said on Saturday that India's economy was revived by the Narendra Modi government and the country has now become the "hot favourite" destination for foreign investors. Taking a swipe at the policies of the previous Congress-led regime, Singh said the economic condition of the country is in much better shape than when the United Progressive Alliance government was in charge, reported PTI. He added that India's current GDP growth rate of around 7.5 - 7.6% is attributable to the Modi government. He also asserted that India's economic growth rate will be in double digits soon.

Singh also said that steps taken by the government to control the prices of all essential commodities have been quite effective. He said that the government has taken several significant steps to incentivise domestic and foreign investors, because of which they were getting confidence. "This government means business, this government is business friendly, this government is investors friendly, a decisive government," he added.