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Published on 17/07/2019 2:34 | Source: ANI

India will be US$5 trillion economy by 2025: Piyush Goyal

Posted in Business Videos| #Business

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London (UK)

Union Minister of Railways Piyush Goyal has voiced his confidence by saying that India will be a US$5 trillion economy by 2025 and the Centre is well poised towards achieving the target. "I am very confident that by 2025 we will be a US$5 trillion economy. We are well poised towards achieving that, focused on different aspects of the economy which will take us there," the Union Minister said on Monday at UK-India Joint Economic and Trade Committee meeting in London. He added, "We have opened up opportunities for single-brand retail and are easing some detrimental clauses of our policy in next few weeks which will help single brand retail come in a bigger way to our country. We have restrictions on multi-brand retail & have requested companies around the world to respect Indian sensitivities on restrictions of foreign investment & multi-brand retail. Particularly e-commerce companies coming to India would have to ensure that they stay within the letter and spirit of the law when it comes to multi-brand retail and our policies around that," he said. Goyal, is on a three-day visit to the UK to attend the India Day conclave.