Indian Economy Based On Sound Fundamentals, Will Soon Reach $5 Trillion: PM Modi

Indian Economy Based On Sound Fundamentals, Will Soon Reach $5 Trillion: PM Modi
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  • 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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