LIVE TV DownloadNews18 App
News18 English
»
1-min read

India Can Become $5 Trillion Economy in 7-8 Years, Says Suresh Prabhu

Addressing a seminar on exports at Vibrant Gujarat Global Summit in Gandhinagar, Prabhu said his department had prepared a road map to make this possible by focusing on manufacturing, service sector and agriculture.

PTI

Updated:January 19, 2019, 8:58 PM IST
facebookTwittergoogleskypewhatsapp
India Can Become $5 Trillion Economy in 7-8 Years, Says Suresh Prabhu
File photo of Suresh Prabhu. (Image: CNN-News18)
Loading...
Gandhinagar: Union Commerce and Civil Aviation Minister Suresh Prabhu Saturday said India has the potential to be a $5 trillion economy in the next 7-8 years.

Addressing a seminar on exports at Vibrant Gujarat Global Summit here, Prabhu said his department had prepared a road map to make this possible by focusing on manufacturing, service sector and agriculture.

"India has a potential to be a $5 trillion economy in 7 to 8 years, and definitely a $10 trillion economy before 2035," Prabhu said.

"Manufacturing should lead to export. This will bring quality and competitiveness. Our cumulative export stands at around half a trillion dollars. The challenge is to double it" he said.

"Today, we have great opportunity to increase exports. There are disruptions taking place in the world and India should take advantage of it," he added.

Prabhu said India can increase exports to Africa and Latin American countries.

To boost air connectivity in the country, Prabhu said 100 new airports will come up in the near future with a cumulative investment of $65 billion.

Two MoUs were Saturday signed between the Gujarat government and Airports Authority of India for establishing greenfield airports at Dholera and Ankleshwar.

The MOUs were inked in the presence of Prabhu and Gujarat chief minister Vijay Rupani.

As per one MoU, Dholera airport will be established at a cost of Rs 1500 crore.

The other MoU was for the development and operation of airport and MRO at Ankleshwar
| Edited by: Ahona Sengupta
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Kotak Mahindra 1,237.90 -3.98
Yes Bank 222.00 3.18
Reliance 1,232.35 -1.17
Indiabulls Hsg 679.95 -0.58
Axis Bank 702.05 0.70
Company Price Change %Gain
Kotak Mahindra 1,241.05 -3.71
Reliance 1,232.60 -1.11
Yes Bank 221.95 3.23
Indiabulls Hsg 680.35 -0.40
HDFC Bank 2,091.65 -1.11
Top Gainers
Company Price Change %Gain
IOC 137.20 4.65
HPCL 230.95 3.59
Yes Bank 222.00 3.18
JSW Steel 285.85 3.18
Vedanta 169.65 3.07
Company Price Change %Gain
Yes Bank 221.95 3.23
Tata Motors 174.55 2.86
Vedanta 169.30 2.86
NTPC 139.70 2.27
M&M 646.10 2.01
Top Losers
Company Price Change %Gain
Kotak Mahindra 1,237.90 -3.98
GAIL 327.15 -1.37
Reliance 1,232.35 -1.17
HDFC Bank 2,091.45 -1.16
Cipla 541.30 -0.77
Company Price Change %Gain
Kotak Mahindra 1,241.05 -3.71
Reliance 1,232.60 -1.11
HDFC Bank 2,091.65 -1.11
IndusInd Bank 1,463.35 -0.56
Bajaj Finance 2,641.05 -0.45

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results