Union Home Minister Amit Shah on Tuesday expressed “certainty” that India would be a $5 trillion economy by 2024 and clarified that the current growth slowdown is “temporary” and only caused by “global factors”.

Shah further promised that no Indian will be left without a house, bank account, toilet, electricity, road connectivity or any basic need of life by 2022.

Home Minister Amit Shah said that the Prime Minister’s vision of a new and great India was about ensuring a good quality of life for all Indians and India getting accepted and admired by the world as a strong nation.

Speaking at the 46th National Management Convention of All India Management Association (AIMA), Shah called on India’s business leaders to not get confused by a temporary growth slowdown caused by global factors and build national confidence instead.

“India has to be a $5 trillion economy by 2024 and it is a certainty,” said Shah.

Earlier, Amit Shah had stressed upon the importance of maintaining India’s internal and external security to achieve Prime Minister Narendra Modi’s goal of making the country a $5-trillion economy.

Union Finance Minister Nirmala Sitharaman had last month announced a series of decisions including the rollback of the controversial tax surcharge on the Foreign Portfolio Investment (FPIs) announced in the Union Budget last month.

Addressing the nation on the occasion of 73rd Independence Day, Prime Minister Narendra Modi announced a massive investment of Rs 100 lakh crore to develop modern infrastructure that will help double the size of the economy to $5 trillion in the next five years.

Earlier in June, while addressing the fifth governing council meeting of the Niti Aayog, Prime Minister Narendra Modi had said that the goal to make India a 5-trillion dollar economy by 2024 is challenging, but achievable with the concerted efforts of all states.

Presenting the Union Budget on July 5, Finance Minister Nirmala Sitharaman had said that India will grow to become a $3 trillion economy in the current year. She further said that India has the capacity to reach $5 trillion in the next few years.