India to become 5 trillion dollar economy by 2024: Hardeep Singh Puri


Team Udayavani, Jun 14, 2019, 7:15 PM IST

New Delhi: India is set to become a five trillion dollar economy by 2024 and is likely to overtake the UK this year to become the fifth largest economy in the world, Union Minister Hardeep Singh Puri said Friday.

The Union minister for housing and urban affairs was speaking at the national council meeting of the Confederation of Indian Industries (CII) here.

“We are a 2.8 trillion dollar economy. We are moving from this to 3 trillion dollar economy and 5 trillion dollar economy by the time the next elections take place.

“This year we are likely to overtake the UK to become the fifth largest economy in the world. I have absolutely no doubt that by 2030 we’ll be a 10 trillion dollar economy,” Puri said.

Puri, who also holds the portfolio of civil aviation, said this sector has tremendous potential to grow.

“The civil aviation sector has tremendous potential to grow. We need to provide domestic carriers with a level playing field and make sure we reclaim the lost space,” he said.

In the urban space, he said the Narendra Modi government has spent Rs 9,60,000 crores in four years since June 2015, while the expenditure incurred by the Congress-led UPA government had in 10 years (from 2004-14) spent Rs 150,000 crores.

“Before the code of conduct kicked in, we sanctioned 83 lakh homes. The construction technologies will slowly reach global standards. Regarding the Smart Cities project, by the end of December this year, there will be 50 independent command and control centres, out of 100 required ones. There are 16 operational now. Use of technology to create smart cities and ease of living, all that is work in progress. The smart cities project is the fastest implemented project anywhere in the world,” the minister said.

Puri said the government is setting the agenda for the first 100 days.

“I won’t make any announcements as the government is under the process of setting the agenda for the first 100 days. The announcements will be made in the coming days and I am sure they will draw up on solid support of trade and industries which is crucial for the success of government programmes,” he said.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Court permits Jaqueline Fernandez to attend IIFA awards in UAE

History of Indian victories will be told: BC Nagesh on textbook revision row

BJP MLA threatens to stage demo over ‘delay’ in KPSC exam results

Siddaramaiah continues to call RSS ‘Aryan’, asks it come clean on loyalty

Shaunak Sen’s ‘All That Breathes’ grabs Cannes Golden Eye

No taking pressure: Chopra wants to repeat Tokyo Olympics approach in World C’ships

Cases of B.A. sub-lineage of Omicron found in Maharashtra for first time


Related Articles More

Cases of B.A. sub-lineage of Omicron found in Maharashtra for first time

JMM to field candidate for Jharkhand RS seat, Soren to meet Sonia

‘You’ll be voting CM, not just MLA,’ Yogi tells people in Dhami’s poll campaign

Prices of fertilizers up due to pandemic, war; but govt ensured supply: PM Modi

Six held for banner prohibiting entry of BJP workers to police station

MUST WATCH

NEWS BULLETIN 28-05-2022

Sanjeeva Maradi Statement about Pampa Sarovara

Kunigal PSI Slaped to Kunigal Grama panchayath member

This country is ruined by Nehru : Basangouda Patil Yatnal

NEWS BULLETIN 26-05-2022


Latest Additions

Court permits Jaqueline Fernandez to attend IIFA awards in UAE

Bommai meets agitating Seer over reservation for ST

History of Indian victories will be told: BC Nagesh on textbook revision row

BJP MLA threatens to stage demo over ‘delay’ in KPSC exam results

Siddaramaiah continues to call RSS ‘Aryan’, asks it come clean on loyalty

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.