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Modi: India's economy will reach $5 trillion by 2022

 Last Update: 2022-12-28
 Source: Internet
 Author: User

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Indian Prime Minister Narendra Modi said on Thursday that India's economy will double in size to $5 trillion by 2022, with manufacturing and agriculture contributing $1 trillion
annually.

At the groundbreaking ceremony of the India International Convention and Expo Centre, he said that the Indian economy will grow at a rate of more than 8%, the number of jobs in IT and retail has increased significantly, and the macroeconomic foundation of the Indian economy is strong
.

The government's push for Made in India has resulted in 80 per cent of the phones currently in use being made domestically, which has helped save Rs 300 crore in foreign exchange
.

This week, India's Dena Bank, Vijaya Bank and Baroda Bank announced mergers to create the country's third-largest bank
.
Modi said the government had the courage to make bold decisions in the national interest
.

Indian Prime Minister Narendra Modi said on Thursday that India's economy will double in size to $5 trillion by 2022, with manufacturing and agriculture contributing $1 trillion
annually.

Economic scale

The government's push for Made in India has resulted in 80 per cent of the phones currently in use being made domestically, which has helped save Rs 300 crore in foreign exchange
.

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