- Saturday, May 18, 2024
By: PTI
INDIA is on the path to become a $30 trillion (£25 trillion) economy in the next 30 years on the back strong GDP (gross domestic product) growth, said the country’s commerce minister, Piyush Goyal, on Monday (25).
India is currently a $3-3.5 trillion (£2.49 trillion to £2.9 trillion) economy and soon will achieve $5 trillion (£4.15 trillion), he said while addressing an event organised by Ficci (Federation of Indian Chambers of Commerce & Industry) Ladies Organisation.
“As we move to a $5 trillion economy…we are well poised on track to aspire to be a $30 trillion economy in the next 30 years. It doesn’t need any rocket science. All it needs is understanding that the power of our demographic dividend, the youth power and the power of democracy, which India proudly represents,” he said.
He further said that at a compounded annual growth rate of eight per cent, the goal of $30 trillion economy would be achieved sooner or later.
The minister said that women would play an important role in the growth of India and there is always space for them on the high table.
On Draupadi Murmu taking over as the next president of India on Monday, Goyal said she has struggled a lot and her elevation as the head of the country is a matter of pride not only for tribals of the country but for everyone.
Murmu, India’s youngest president at 64 and the first to be born after Independence, took oath of office in the name of god to “preserve, protect and defend the Constitution and the law”.
