PM Modi says wants to make India a $5 trillion economy by 2024

By: |
Published: November 14, 2019 6:28:48 AM

PM Modi said that BRICS targets for investment and trade must be more ambitious and that he welcomes suggestions to further reduce trade costs.

PM Modi at Brics summit (AP Photo)PM Modi at Brics summit (AP Photo)

India’s Prime Minister Narendra Modi said that his country aims to be a $5 trillion economy by 2024, in remarks to leaders at a summit of BRICS major emerging economies on Wednesday.

India’s GDP in 2018 was $2.6 trillion. Modi said that BRICS targets for investment and trade must be more ambitious and that he welcomes suggestions to further reduce trade costs.

Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Next Stories
1PM Modi’s mega push for solar power gets big boost; 3 firms bid for projects of 10 GW
2Indo-US trade meet: Medical devices, GSP among issues to figure
3War on black money! India, Switzerland for greater cooperation on information exchange in tax matters