Indian Economy Based On Sound Fundamentals, Will Soon Reach $5 Trillion: PM Modi
21 Feb 2019 10:08 AM GMT
He added that no other large economy in the world is growing at over 7 per cent year after year, , narendra modi, economy, indian economy
- Prime Minister Narendra Modi on Thursday said the Indian economy is based on sound fundamentals and will in the near future double in size to $5 trillion, as he hardsold the country as a "land of opportunities" to investors in South Korea.
- We are well set to become a 5 trillion dollar economy in the near future," he said.
- More than $12 billion has been deposited in these accounts, microcredit of $90 billion has been extended to 28 million in the last three years, $50 billion of government benefits directly transferred to beneficiaries and huge strides made in rural electrification, he said.
- Modi said the role of the government is to provide the support system and a flagship program Start-up India with $1.4 billion fund for four years to create a startup ecosystem in the country has been introduced.
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