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EconomyOpinion

No need to panic as Indian Economy will reach USD 5 trillion size by 2022!

Unlike the previous UPA Government which failed to keep up its promises with each passing day, PM Narendra Modi has succeeded in doing the right opposite of it. Making each day better and prosperous for India, PM Modi has pushed our country towards success in all sectors.

In a massive announcement to the Nation, Prime Minister Narendra Modi confirmed that the size of Indian economy will double to USD 5 trillion by 2022 with Manufacturing and Agriculture contributing USD 1 trillion each!

PM while he was speaking at the foundation laying ceremony of India International Convention and Expo Centre, he cited this week’s announcement of merger of Dena Bank, Vijaya Bank and Bank of Baroda to create the country’s 3rd Largest lender to say that the Government will not shy away from taking tough decisions in the National Interest.

Stressing on the efforts made by Central Government in bringing the Indian Economy to extreme level of heights, PM said that our India’s Economy will grow at over 8% rate with massive employment generation being seen in IT and Retail sectors. Macro-economic fundamental of the economy are strong, he added.

Contribution by “Make In India”..

The one major factor that has contributed immensely to Indian Economy, is the “Make In India” Campaign initiated by PM Modi. This Campaign has been a Dream Campaign especially started and promoted by our PM, with a vision to add to our Economy. A better economy will have better manufacturing in India and also add to generation of Employment.

The government’s push for Make-in-India has led to 80% 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. Though criticized by the opposition, these risky yet bold decisions taken by the PM Modi Government has benefited India without second thoughts.

Source: Timesnow news

Economic Times


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