PM Modi says ‘economic survey outlines vision to achieve $5 trillion economy’ | Latest News India - Hindustan Times
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PM Modi says ‘economic survey outlines vision to achieve $5 trillion economy’

New Delhi | By
Jul 04, 2019 03:47 PM IST

A Finance Ministry statement said the theme of the economic survey is about enabling a shifting of gears towards sustained economic growth for objective of $5 trillion by 2024-25.

Prime Minister Narendra Modi praised the Economic Survey 2018-19 that was presented in Parliament on Thursday and said it outlines a vision to make India a $5 trillion economy.

Prime Minister Narendra Modi
Prime Minister Narendra Modi

“The #EconomicSurvey2019 outlines a vision to achieve a $5 Trillion economy. It also depicts the gains from advancement in the social sector, adoption of technology and energy security,” PM Modi tweeted.

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The government projected the country’s GDP growth for 2019-20 at 7 per cent, up from five-year low of 6.8 per cent, on the back of anticipated pickup in investment and consumption. A Finance Ministry statement said the theme of the survey is about enabling a shifting of gears towards sustained economic growth for objective of $5 trillion by 2024-25.

The government projected the country’s GDP growth for 2019-20 at 7 per cent, up from five-year low of 6.8 per cent, on the back of anticipated pickup in investment and consumption.

The economic survey was tabled in Parliament by finance minister Nirmala Sitharaman a day before the Union Budget. The survey said India continues to remain the fastest-growing major economy in the world.

“India’s growth of real GDP has been high with average growth of 7.5 per cent in last five years (2014-15 onwards). The economy grew at 6.8 per cent in 2018-19, thereby experiencing some moderation in growth when compared to the previous year,” it said.

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