Economy

Favourable conditions exist to achieve $5 trillion economy target: DPIIT Secretary

PTI New Delhi | Updated on October 03, 2019 Published on October 03, 2019

Says recent policy measures announced by the Government would further help to bring investments

DPIIT Secretary Guruprasad Mohapatra said that with a strong policy driven government at the Centre, favourable conditions exist in India to achieve the target of $5 trillion economy by 2024.

“It is entirely possible in India. All right conditions exist with a strong policy driven government both at the Centre and states,” Mohapatra said while speaking at the the inaugural session of the India Economic Summit here.

“I am sure, this captainship of the industry by the government will steer India to achieve the milestone. The Government has worked towards ease of doing business over the past five years,” he added.

“In ease of doing business, we have achieved much success..right now we are at 77th position. Expect it to get better in the next rankings,” Mohapatra said.

He also said the country has a strong startup ecosystem and the recent policy measures announced by the government would further help to bring investments.

“With strong string of policy measures announced recently by the government, I am sure India will definitely achieve $5 trillion economy very soon,” he added.

He said that deliberations at the WEF would further give government ideas in order to get moving forward.

Published on October 03, 2019
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.