India's economic fundamentals are strong, says Amit Shah

India's macroeconomic fundamentals are quite strong and its economy is currently growing at the fastest pace in the world, Union Home Minister Amit Shah said on Thursday.

Shah's positive assessment of Asia's third largest economy came amid talks of a slowdown in economic activity.

Addressing a convocation ceremony here, the home minister said when the Narendra Modi government took charge in its first term in May 2014, the economy was in a shambles, but things have improved over the last five years.

"In 2014, when the Narendra Modi government was formed our economy was in a shambles. But today in 2019 I can say that our macroeconomic fundamentals are quite strong," Shah said, addressing the convocation of Pandit Deendayal Petroleum University here.

"Even today India is the fastest-growing economy of the world with around 7 per cent (GDP) growth," Shah said.

Industrialist Mukesh Ambani, who is the promoter of the university, was present on the occasion.

"In the last five ...