Indian economy to reach USD 5 trillion size by 2022: PM

New Delhi: Prime Minister Narendra Modi said Thursday the size of Indian economy will double to USD 5 trillion by 2022 with manufacturing...

New Delhi: Prime Minister Narendra Modi said Thursday the size of Indian economy will double to USD 5 trillion by 2022 with manufacturing and agriculture contributing USD 1 trillion each.

Speaking at the foundation laying ceremony of India International Convention and Expo Centre here, he cited this week's announcement of merger of Dena Bank, Vijaya Bank and Bank of Baroda to create the country's third largest lender to say that the government will not shy away from taking tough decisions in the national interest.

Indian economy, he said, will grow at over 8 per cent rate with massive employment generation being seen in IT and retail sectors. Macroeconomic fundamental of the economy are strong, he said.

The government's push for Make-in-India has led to 80 per cent of mobile phones currently in use being manufactured within the country, helping save Rs 3 lakh crore in foreign exchange.

The government, he said, has courage to take bold decisions.

Besides banks' merger, he cited the rollout the Goods and Services Tax (GST), which amalgamated 17 central and state taxes, among the bold measures taken by the government.
-Source: News Agency

COMMENTS


*

Name

AROUND THE GLOBE,3417,business,74,BY READERS,479,FEATURE,289,GLOBE,16,KERALA,13,Movie,327,s,1,SPECIAL STORY,394,TAMILNADU,3,TOP STORY,4138,TRAVEL,8,
ltr
item
Local Glob: Indian economy to reach USD 5 trillion size by 2022: PM
Indian economy to reach USD 5 trillion size by 2022: PM
https://1.bp.blogspot.com/-eaP_pceYz1U/W6PEXrKiH8I/AAAAAAAAFJg/6TVX24H8cyoGwLbzz29B5k6q4-tjOOJYgCLcBGAs/s640/modi.png
https://1.bp.blogspot.com/-eaP_pceYz1U/W6PEXrKiH8I/AAAAAAAAFJg/6TVX24H8cyoGwLbzz29B5k6q4-tjOOJYgCLcBGAs/s72-c/modi.png
Local Glob
https://www.localglob.com/2018/09/indian-economy-to-reach-usd-5-trillion.html
https://www.localglob.com/
http://www.localglob.com/
http://www.localglob.com/2018/09/indian-economy-to-reach-usd-5-trillion.html
true
8255692317570297677
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy