-
ALSO READ
Coming up with plan to raise exports to 20% of GDP: Prabhu Govt working on raising share of exports in GDP to 20%: Prabhu New issues in WTO important for aspirational India: Prabhu TN govt seeks speedy approvals for industrial corridor projects Suresh Prabhu assumes charge as Civil Aviation Minister -
India's GDP could reach USD 5 trillion provided there is consistent growth in manufacturing, services and agricultural sectors, Commerce and Industry Minister Suresh Prabhu said today.
The minister underlined key role of the private sector to create new business models and strategies and leverage new technologies in order to fuel growth in the Indian economy.
The government will act as the facilitator in this process, Prabhu said at a meeting of a working group on making India a USD 5 trillion economy in seven years.
The meeting was attended by heads of CII, FICCI, IFC, NASSCOM, NitiAayog and senior officials from the Departments of Commerce and DIPP.
The participants underlined the need to factor in technological disruptions, challenges due to climate change, positive use of India's demographic dividend, conscious effort to make manufacturing sector a part of global value chain.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
RECOMMENDED FOR YOU