Explorer

'Difficult But Not Impossible': Nitin Gadkari On Modi Govt's $5 Trillion Economy Goal

"Strong political will is very important to achieve any goal. Manifesting the same will, Prime Minister Narendra Modi has set ourselves the goal of making the country a USD 5 trillion economy," Gadkari said.

Indore: Union Road Transport and Highways Minister Nitin Gadkari said on Saturday that the goal of making India a USD 5 trillion economy by 2024 was "difficult but not impossible". It can be achieved by increasing domestic production and reducing dependence on imports, he said at the 29th International Management Conclave of the Indore Management Association here. Prime Minister Narendra Modi and other BJP leaders have often spoken about the goal of turning India into a USD 5 trillion economy by 2024. "Strong political will is very important to achieve any goal. Manifesting the same will, Prime Minister Narendra Modi has set ourselves the goal of making the country a USD 5 trillion economy," Gadkari said. "This goal is difficult but not impossible," he added. "Our country has plenty of resources and production capacity. Despite that we are spending crores every year on importing goods like medicines, medical devices, coal, copper, papers, etc," the Union minister said. "If we want to become a USD 5 trillion economy, we have to increase the domestic production of these things instead of importing them," he said. Referring to the current economic slowdown, Gadkari said, "We are the fastest growing economy in the world. But there is a cycle in the business. Challenges crops up, at times due to the global economy and sometimes because of a gap in demand and supply. "But I see India's future in the leaders of younger generation who can turn difficulties and challenges into opportunities," Gadkari said. There was no dearth of capital, resources and technology in the country, "but there is definitely a lack of right vision and leadership in different fields", he said. Exports will be encouraged by focusing on increasing the participation of Micro, Small and Medium Enterprises (MSMEs) in the development, the minister said. "This will help create five crore new jobs....The government is asking every department what it can contribute to achieve the target of USD 5 trillion economy," Gadkari added.
View More
Advertisement
Advertisement
Mon Feb 24, 4:31 am
connaught place
17.2°
Precipitation: 0 mm    Humidity: 66%   Wind: W 7.9 km/h
See Today's Weather
Powered By:
Accu Weather
Advertisement

Top Headlines

Trump Congratulates Merz On Winning German Election, Slams Scholz's 'No Common Sense Agendas'
Germans Got Tired Of No COMMON SENSE AGENDA: Trump Congratulates Merz On Win
Conservative Oppn Leader Friedrich Merz Wins German Election, Musk-Backed Far-Right AfD Finishes Second
Conservative Oppn Leader Friedrich Merz Wins German Election, Far-Right AfD Finishes Second
As India Smashes Pakistan, JioHotstar Viewership Appears To Have Broken All Previous Records By A Mile
As IND Smashes PAK, JioHotstar Viewership Appears To Have Broken All Previous Records By A Mile
Are Pakistan Out Of Champions Trophy 2025 After IND vs PAK Match? Here’s Pakistan’s Semifinal Qualification Scenario
Pakistan’s Champions Trophy 2025 Semifinal Qualification Scenario After IND vs PAK Match
Advertisement
ABP Premium

Videos

IND vs PAK: India Crushes Pakistan by 6 Wickets, Tops ICC Champions Trophy 2025 Points TableMahakumbh 2025: Commercial Exploitation of Devotees Sparks Concern Amid Massive GatheringMahakumbh 2025: Massive Crowd Expected on Maha Shivratri, Administration Gears Up for ControlBreaking News: AAP Holds Key Meeting to Plan Strategy for Upcoming Delhi Assembly Session

Photo Gallery

Embed widget