$5 trillion economy achievable but with ‘difficulties’: Experts

Surat: India can achieve $5 trillion economy but the path may be difficult, said experts who attended the two-day seminar organized by the Institute of Cost Accountants of India (ICAI) on ‘Role of Certified Management Accountants (CMAs) in Withstanding Economic Challenges’ in Surat on Saturday.
“Some experts opine this target can be achieved. Services sector could contribute $3 trillion and one each from agriculture and manufacturing,” said ICAI President Balwinder Singh, commenting on the union government’s ambitions target for next five years.
Concurring his view South Gujarat Chapter Secretary and Regional Cost Convention (RCC) Co-ordinator Nanty Shah said, “There could be many obstacles in a globalized world, particularly intense competition from China.”
The seminar was inaugurated by BJP MP from Navsari C R Paatil.