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Target of making India a $5 trillion economy ‘completely doable’: Goyal

Commerce and industry minister Piyush Goyal on Saturday said the target of making India a $5-trillion economy was achievable, and all stakeholders should work together to meet this objective.

The tax measures announced on Friday will boost India’s competitiveness and catapult India into the comparative league of countries competing for investments, according to a statement from the Federation of Indian Chambers of Commerce and Industry (Ficci).

“Prime Minister Narendra Modi’s goal of making India a $5-trillion economy is completely doable if all stakeholders come and work together,” the minister said.

Goyal, who on Saturday unveiled the India Pavilion design of the WORLD EXPO 2020 in Dubai, expressed optimism that going ahead, India taxes were likely to be much more lower.

“We all must work together to see how we can showcase India for attracting investments,” Goyal said. The WORLD EXPO 2020 beginning October next year was a big opportunity to achieve this objective, he added.

He said this was the time for the country to engage with every nation and grasp the opportunity that had come its way to become a superpower.

The minister also thanked the Indian diaspora in the UAE for the excellent work they had done to support Prime Minister Narendra Modi develop a strong bond between the two countries.
Source: PTI

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