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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Put petty politics aside; it's not about one party, but India: Rahul on TMC's loss in polls
New Delhi (PTI): Congress leader Rahul Gandhi on Tuesday termed the BJP's victory in Bengal and Assam assembly polls a "theft" of the mandate, and a big step forward in the saffron party's mission to "destroy" Indian democracy.
Gandhi also came out in support of the TMC, which has been trounced by the BJP in the polls, and urged those gloating over the loss of Mamata Banerjee's party to put petty politics aside.
"Some in the Congress, and others, are gloating about TMC's loss.They need to understand this clearly - the theft of Assam and Bengal's mandate is a big step forward by the BJP in its mission to destroy Indian democracy," Gandhi said in a post on X.
"Put petty politics aside. This is not about one party or another. This is about India," he said in his post.
The BJP ousted Trinamool Congress from power in Bengal and captured power for the third time in a row in Assam in results of assembly polls declared on Monday.
