Mumbai: Prime Minister Narendra Modi on Sunday said the country had transformed from among the "fragile five" nations to the world's fastest-growing economy. Nowadays, there is no discussion on scams, but on new schemes," Modi said, adding that the country had moved from scams to schemes in the last five years. Five years ago, the world saw India as a nation from where news about scams, electricity shortage and financial crises emanated, the prime minister said. Five years ago, there used to be headlines that the country did not have enough toilets, causing embarrassment to women, Modi said. The prime minister said the country's economy, which had once faced the challenge of high inflation and low growth, was now witnessing a low inflation and high growth -- a transformation that had happened over the last four-and-a-half years.

Source: Mint January 20, 2019 12:21 UTC