'States to be key drivers of growth towards $5 trillion economy', Niti CEO calls to focus over the economic challenge

News Bharati    07-Sep-2019
New Delhi, September 07: "States will have to become key agents of growth to help achieve India's target of becoming a USD 5 trillion economy", Niti Aayog CEO Amitabh Kant said on Saturday speaking at an event organised by industry chamber PHDCCI.
 
 
"States have to work together and learn from each other to radically transform India. One of the things which Prime Minister Narendra Modi has been focusing on in recent times is the target of becoming a USD 5 trillion economy by 2024 and subsequently a USD 10 trillion economy by 2030", he added.
 
"Our challenge really is that it will not be possible for India to achieve this till states do not aim to double and triple their GDPs. And this would require major structural reforms and structural reforms over a vast range of sectors", he said underlining sectors like agriculture and labour where structural reforms were required.
 
The current size of the Indian economy is estimated at USD 2.7 trillion. The central government has announced and initiated several steps to make India a USD 5 trillion economy over the next few years.
 
PHD Chamber of Commerce and Industry (PHDCCI) organised the 'States' Policy Conclave 2019' conceptualised with the mission of empowering states to strengthen India's federal structure of governance and contribute in making India a USD 5 trillion economy.