The economy may facing its worst time but Union Road Transport and Highways Minister Nitin Gadkari appears to be optimistic about the future and has now said that the goal of making India a $5 trillion economy by 2024 was “difficult but not impossible”.
It can be achieved by increasing domestic production and reducing dependence on imports, he said at the 29th International Management Conclave of the Indore Management Association .
Prime Minister Narendra Modi and other BJP leaders have often spoken about the goal of turning India into a $5 trillion economy by 2024.
“Strong political will is very important to achieve any goal. Manifesting the same will, Prime Minister Narendra Modi has set ourselves the goal of making the country a USD 5 trillion economy,” Gadkari said.
“This goal is difficult but not impossible,” he added. “Our country has plenty of resources and production capacity. Despite that we are spending crores every year on importing goods like medicines, medical devices, coal, copper, papers, etc,” the Union minister said.
“If we want to become a $5 trillion economy, we have to increase the domestic production of these things instead of importing them,” he said.