01-01-1970 12:00 AM | Source: IANS
India to be pillar of global economic revival: Piyush Goyal
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Expressing optimism over India’s economic status, Union Minister Piyush Goyal said the country will be the pillar of the global economic revival as it exhibited steady growth and emerged as the fastest-growing country among large economies of the world. He said if all stakeholders of the economy work together with a sense of 'Kartavya bhav' (spirit of duty), the national goal of $30-trillion economy will be achieved by 2047, the year when the country will celebrate 100th anniversary of its independence. He added that India is already the fifth largest economy in the world and is turbocharging its growth to become the third largest in the coming years. He claimed all sectors such as agriculture, manufacturing and construction are doing quite well.

Asserting that India is the best destination for investments, Goyal said the government has taken several structural reforms, and more are in the pipeline. He also urged industrialists for private investments and asked them to believe in India's growth story and help the country in achieving its goals with greater participation. He appealed to industrialists to help India become a global base for manufacturing and invest in tier II and tier III cities, which hold ‘immense potential’.

He stressed on the promotion of micro, small and medium enterprises by strengthening the local supply network as the sector is a job creator and a major contributor to the economy. He also called for more dialogue with the government and active participation in the FTA (free trade agreement) negotiations. He stated that the 5G rollout in the telecom services across the country will contribute $450 billion to the economy in the next 15 years. The minister also mentioned that India is taking leadership roles on global platforms.