Dismissing concerns about economic slowdown, Union Minister Ravi Shankar Prasad on Saturday cited the earnings of three movies on October 2, saying they collectively earned Rs 120 crore in a day and hence the economy of the country is "sound".

Addressing a press conference, Prasad said: "On October 2, three movies were released. Film trade analyst Komal Nahta had said that the day saw earning of over Rs 120 crore, a record by the three movies. The economy of the country is sound. That is why there is a return of Rs 120 crore in a day."