Indian economy on track to touch USD 30 trillion in next 30 years: Piyush Goyal

Commerce Minister Piyush Goyal on Monday said that India is on the right track to become a USD 30 trillion economy in the next 30 years on the back of strong GDP growth. Addressing an event organized by FICCI Women’s Organization, the Commerce Minister said, India is currently a USD 3-3.5 trillion economy and will soon achieve USD 5 trillion, according to news agency. PTI report good.

“As we move towards USD 5 trillion Economy…we are well positioned to aspire to become a US$ 30 trillion economy in the next 30 years. No rocket science is needed for this. All it needs to understand is the power of our demographic dividend, the youth power and the power of democracy that India proudly represents,” Goyal said.

apart from this, Piyush Goyal Said that the target of a US$ 30 trillion economy with a compound annual growth rate of 8% will be achieved sooner or later. The commerce minister said women will play an important role in India’s development and there is always a place for them at the top, while accepting Draupadi Murmu as the President of India on Monday, she said, “She has struggled a lot. And his rise as the head of the country is a matter of pride not only for the tribals of the country but for all.”

Meanwhile, the Commerce Minister on Sunday called for the contribution of the private sector in promoting research in the branding of Indian cotton along with productivity, farmers’ education, while emphasizing the need to adopt global best standards in cotton productivity. Gave.

Speaking at an interactive meeting with stakeholders of the cotton textile value chain held at Vanya Bhawan in New Delhi on Sunday, the Commerce Minister, who also holds the portfolio of the Ministry of Textiles, said, “It is time for India to adopt world standards. in cotton productivity. All stakeholders should share best practices for boosting cotton productivity in India to increase farmers’ income. Private sector to promote research in productivity, farmers’ education as well as branding for which the government will provide equal assistance.”

(with inputs from PTI)

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