Left Menu
Development News Edition

States to be key drivers of growth for making India USD 5 trillion economy: Niti CEO

PTI | New Delhi | Updated: 07-09-2019 12:49 IST | Created: 07-09-2019 12:49 IST
States to be key drivers of growth for making India USD 5 trillion economy: Niti CEO

States will have to become key agents of growth to help achieve India's target of becoming a USD 5 trillion economy, Niti Aayog Chief Executive Officer Amitabh Kant said on Saturday. Speaking at an event organised here by industry chamber PHDCCI, Kant said states have to work together and learn from each other to radically transform India.

Kant said one of the things which Prime Minister Narendra Modi has been focusing on in recent times is the target of becoming a USD 5 trillion economy by 2024 and subsequently a USD 10 trillion economy by 2030. "...therefore, our challenge really is that it will not be possible for India to achieve this till states do not aim to double and triple their GDPs. And this would require major structural reforms and structural reforms over a vast range of sectors," he said.

He underlined sectors like agriculture and labour where structural reforms are required. The current size of the Indian economy is estimated at USD 2.7 trillion. The central government has announced and initiated several steps to make India a USD 5 trillion economy over the next few years.

PHD Chamber of Commerce and Industry (PHDCCI) organised the 'States’ Policy Conclave 2019' conceptualised with the mission of empowering states to strengthen India's federal structure of governance and contribute in making India a USD 5 trillion economy.


TRENDING

OPINION / BLOG / INTERVIEW

Post-COVID-19 Nigeria needs a robust Health Management Information System to handle high disease burden

Nigeria is among a few countries that conceptualised a health management information system HMIS in the early 90s but implementation has been a challenge till date. Besides COVID-19, the country has a huge burden of communicable and non-com...

Morocco COVID-19 response: A fragile health system and the deteriorating situation

Learning from its European neighbors, Morocco imposed drastic measures from the initial stages of the COVID-19 outbreak to try to contain its spread. The strategy worked for a few months but the cases have surged after mid-June. In this sit...

COVID-19: Argentina’s health system inefficiencies exaggerate flaws of health information system

You can recover from a drop in the GDP, but you cant recover from death, was the straightforward mindset of Argentinas President Alberto Fernndez and defined the countrys response to COVID-19. The South American nation imposed a strict...

Rwanda’s COVID-19 response commendable but health information system needs improvement

Rwanda is consistently working to improve its health information system from many years. However, it is primarily dependent on the collection and reporting of health data on a monthly basis. Besides, evaluation studies on Rwandas HIS publis...

Videos

Latest News

Suspended Opposition RS MPs end sit-in

Eight suspended Opposition Rajya Sabha MPs on Tuesday ended their overnight sit-in inside the Parliament House complex after the Opposition decided to boycott the remaining session in the Upper House. All the opposition parties have boycott...

Mariners not giving up yet in hunt for Astros

The rebuilding Seattle Mariners arent out of the playoff race just yet. The Mariners 24-30 enter Tuesday nights game against visiting Houston 27-27 three games behind the Astros in the chase for second place in the American League West with...

'Work from home': Johnson starts to shut down Britain again as COVID-19 spreads

British Prime Minister Boris Johnson will tell people on Tuesday to work from home and will impose new curbs on pubs, bars and restaurants in a bid to tackle the swiftly accelerating second wave of the coronavirus outbreak. In an address to...

New Zealand's Ardern seen cruising to victory in election

New Zealands ruling Labour Party has lost some support since July as the coronavirus resurged in Auckland, but it is still set to win the upcoming general election on Oct 17 comfortably, an opinion poll showed on Tuesday. The 1News-Colmar B...

Give Feedback