Govt looks forward to a US$10trn economy
The Prime Minister, Narendra Modi, said technology is bridging the gap between the haves and have-nots in India while the Government looks forward to a US$10 trillion economy.
Addressing the Economic Times Global Business Summit on 23 Feb 2019, he said the Government looks forward to making India lead the global drive towards renewable sources of energy and make India a world leader in electric vehicles and energy storage devices.
The Prime Minister pointing out that 44% of the startups registered in India are from tier 2 and tier 3 cities, underlining across the country development.
He highlighted the outcomes initiatives such as Digital India, Start-up India, Make In India and Innovate India, saying these are converging and reaping rich dividends.
The Prime Minister strongly criticized what he described as a “narrative” that certain things are just impossible in India.
The impossible is now possible, he declared, as he spoke of the progress made in making India clean and corruption free; in the poor leveraging the power of technology, and in removing discretion and arbitrariness in policy making.
He said that a perception had been made that governments cannot be pro-growth and pro-poor at the same time, but people of India are making it possible.
He sees India registering an average economic growth of 7.4% during 2014 to 2019. fiinews.com
