Centre, states working to take GDP to $5 tn by 2022: Modi
New Delhi, Sep 20 : The size of the Indian economy will double to $5 trillion by 2022 with manufacturing and agriculture contributing $1 trillion each, and the various states are competing with each other to help achieve this goal, Prime Minister Narendra Modi said on Thursday.
In his address at the foundation laying ceremony of the India International Convention and Expo Centre here, Modi said that towards achieving this target, the government is making all efforts to increase the share of exports to 40 per cent of the country's GDP.
"The country's macroeconomic fundamentals are strong, and all efforts are being made by various agencies to increase the share of exports to 40 per cent of the GDP," he said.
"We plan to increase our GDP to $5 trillion by 2022 in which manufacturing and agriculture would contribute $1 trillion each.
"The states are also together in this endeavour and are competing with each other on the ease of doing business rankings," he said.
The high rate of India's GDP growth in recent years had resulted in a massive employment generation, particularly in the IT, retail and toursim sectors, he added
Referring to government's proposal made on Tuesday of the merger of Dena Bank, Vijaya Bank and Bank of Baroda to create the country's third largest banking entity, the Prime Minister said that his administration had brought in bank consolidation which was being debated over a long time.
"The need for having dozens of government-run banks was being debated for a long time but we have acted on it. This government will not shy away from taking tough decisions in the national interest," he said, citing the rollout of the Goods and Services Tax (GST) among such measures taken by the government.
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KSRTC to run 1000 special services to clear Christmas rush
Bengaluru: The Karnataka State Road Transport Corporation will operate 1000 additional special services in view of the Christmas festival.
In addition to the existing schedule, the special services will run on 19.12.2025, 20.12.2025 and 24.12.2025. Further, special buses will be operated from various places of intra & Interstate places to Bengaluru on 26.12.2025 & 28.12.2025.
Special buses will be exclusively operated from Bengaluru Kempegowda Bus Station to Dharmastala, Kukkesubramanya, Shivamogga, Hassan, Mangaluru, Kundapura, Shringeri, Horanadu, Davangere, Hubbali, Dharwad, Belagavi, Vijayapura, Gokarna, Sirsi, Karwar, Raichur, Kalaburagi, Ballari, Koppala, Yadgir, Bidar, Tirupathi, Vijayawada, Hyderabad and other places.
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Special buses from Mysuru Road Bus Station will be exclusively operated towards Mysuru, Hunsur, Piriyapatna, Virajpet, Kushalanagar, Madikeri.
The corporation has also announced a discount of 5 per cent on the fare if four or more passengers book tickets under a single reservation. A discount of 10 per cent will be extended on return journey tickets if onward and return tickets are booked simultaneously.
In addition to the above, special buses will be operated from all Taluk/District Bus Stands in the jurisdiction of KSRTC based on the traffic needs.
