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21-Jan2019

India has potential to be $5 trillion economy in next 7-8 years: Suresh Prabhu

Expressing confidence over growth of Indian economy, Union Commerce and Civil Aviation Minister Suresh Prabhu stated that India has potential to be a $5 trillion economy in the next 7-8 years. He added that the country definitely will be a $10 trillion economy before 2035.

Prabhu further said his department had prepared a road map to make this possible by focusing on manufacturing, service sector and agriculture. Manufacturing should lead to export. This will bring quality and competitiveness. He noted that the nation's cumulative export stands at around half a trillion dollars and the challenge is to double it. He also said 'Today, we have great opportunity to increase exports'.

The Minister highlighted that there are disruptions taking place in the world and India should take advantage of it. He said India can increase exports to Africa and Latin American countries. In order to boost air connectivity in the country, he said 100 new airports will come up in the near future with a cumulative investment of $65 billion.


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