$5 Trillion Economy  

Nirmala Sitharaman also pitched for rationalisation of GST rates once a year and not every three months as was the trend so far 

Prime Minister emphasised that to fulfill the dream$ 5 trillion economy the government is focussing on village and city infrastructure, MSMEs, textiles, technology and tourism. Several steps have been taken to take all these sectors forward. All the processes including tax structure have been simplified to give momentum to Make in India.

It was over five quarters ago when the slowdown gradually began creeping into our economy. Schemes such as Make in India should be encouraged as they will help India reduce unemployment and also increase our exports. Our GDP is $ 2.6 trillion, so reaching a $ 5 trillion economy isn’t unrealistic.
 

Recent reports suggest that there are specific intelligence inputs that PM Modi will be assassinated on December 22 when he addresses a large gathering at the Ramlila Maidan Rally in New Delhi. A Jaipur court has awarded death sentence to all four convicts in the 2008 Jaipur bomb blasts case. The convicts are identified as Sarvar Aazmi, Mohammad Saif, Saifur Rahman and Salman. Do not miss the headlines of the day on MyNation in 100 seconds.
 

Narendra Modi said that the Indian economy can aim to achieve $5 trillion economy. He added that our country has strengthened itself in the last five years to achieve such goals.
 

On October 15 while Delivering a lecture at the prestigious Columbia University's School of International and Public Affairs, Finance Minister Nirmala Sitharaman said that the Indian public sector banks had the "worst phase" under the combination of former Prime Minister Manmohan Singh and RBI Governor Raghuram Rajan. Dr. Manmohan Singh responded to this comment of Sithraman and said that this government should stop blaming the opponents and focus on solving the issue. “This government has now been in office for five years. It should have learnt from our mistakes and provided a credible solution for the economy. Watch The Video For More Updates.

Prime Minister Narendra Modi gave a befitting reply to the opposition over comments on economic slowdown. PM Modi stated that the government was committed to making India a $ 5 trillion economy. 

Why the President of the World Economic Forum thinks that the stage is set for India to realize its vision of becoming a $5-trillion economy in the next half-decade.Watch the video to know what Borge Brende, also a member of the forum's Managing Board, in an opinion piece for Prime Minister Narendra Modi’s website said about PM Modi's Dream of 5 Trillion Dollar Economy.

 According to a communication by the finance ministry to the heads of Public Sector Banks (PSBs), it will be a bottom-up consultative process from the branch level onwards which will involve discussions at the branch or regional level, state level and national level

The Budget for 2019-20 lays down a roadmap for nearly doubling the size of the Indian economy to USD 5 trillion in five years by raising per capita income, boosting consumption and increasing productivity, said PM Modi.

 

"Size of the cake matters. The larger the cake, larger pieces are what people will get. So we have set a target of making India a USD 5 trillion economy. Larger the size of the economy will be, the larger the prosperity will it bring for the country," PM Modi said.
 

The Union Budget ignites a spirit of hope that India can become a $5 trillion economy in the coming years, Amit Shah said

Union finance minister said that by financial year 2020, India would be a $3 trillion economy. This would only aid in realising PM Modi’s dream of a $5 trillion economy by 2024. But what needs to be done to realise the dream?

 

Presenting the first Budget of the Modi government in its second term, she said the Indian economy, which stood at USD 1.85 trillion five years back, has reached USD 2.7 trillion now, and is within capacity to reach USD 5 trillion in the next few years.