India will be 5 trillion dollar economy by 2024 says PM Modi

Written By Xappie Desk | Updated: June 15, 2019 19:30 IST
India will be 5 trillion dollar economy by 2024 says PM Modi

Addressing the first meeting of the Niti Aayog governing council after he was re-elected, Prime Minister Narendra Modi on Saturday said the goal to make India a $5 trillion economy by 2024 was challenging but could be achieved with concerted efforts of the States.

Mr. Modi said the export sector was key in the progress of the developing countries. Thrust on export promotion at the State level will provide a boost to both income and employment, the statement said.
Mr. Modi said this would require focus on fisheries, animal husbandry, horticulture, fruits and vegetables. Pitching for need for structural reform in agriculture, he said there was need to boost corporate investment, strengthen logistics and provide ample market support.
This is NITI Aayog's first meeting after PM Modi-led National Democratic Alliance formed the government for the second time in a row.
West Bengal Chief Minister Mamata Banerjee has refused to attend the meeting stating that the NITI Aayog has no financial power to support state plans.
Telangana Chief Minister K Chandrashekhar Rao will also skip the meeting as he would be busy inaugurating an irrigation project.