Indian economy to touch $5-trillion mark by 2022: PM Modi

24 Sep '18
1 min read

The Indian economy will double to $5 trillion by 2022 with manufacturing and agriculture contributing $1 trillion each, Prime Minister Narendra Modi said recently. Speaking at the foundation laying ceremony of India International Convention and Expo Centre in New Delhi, he said the economy will grow at over 8 per cent with massive employment generation.

Jobs will be generated in information technology and retail sectors as macroeconomic fundamentals of the economy are strong, a premier news agency quoted him as saying.

Referring to the recent announcement of the merger of Dena Bank, Vijaya Bank and Bank of Baroda to create the country's third largest lender, he said the government will not shy away from taking tough decisions. (DS)

Fibre2Fashion News Desk – India

Leave your Comments

Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,

Recommended

Advanced Search