Be it Iran-Israel Conflict or Russia-Ukraine War, India is moving forward on the correct track despite the global turmoil, and soon the third major economy of the world is on the way to become the third major economy. We are not saying this, but Union Commerce and Industry Minister Piyush Goyan is confident that despite all the global tension, India is moving towards becoming an economy of $ 5000 billion by 2027.
Focus on 10 years of economic reforms
Speaking in a session of the Merchant Chamber of Commerce and Industry or MCCI, Union Minister Piyush Goyal, while speaking in a session of MCCI, described the economic reforms of the last 10 years of the Narendra Modi government of the country as transforming the country’s Narendra Modi government. He said that by 2027, the country is moving forward on the path of becoming the third largest economy in the world and all this is being possible due to collective national efforts and strong leadership of Prime Minister Narendra Modi (PM Narendra Modi).
Goyal said- ‘This time of India …’
Piyush Goyal said that India will be the first achievement in the journey of becoming a $ 5 trillion economy by 2027 by 2047. On the global economic instability and geopolitical conditions that have been going on for some time, the Union Minister said that India should move forward in a turbulent environment with unity and determination. He said, ‘Large economies do not become in calm and this is the time of India. We should take advantage of this opportunity and work together to get a place in the top economy.
‘We come out of the weak 5 and reach the top-5’
Piyush Goyal described the growth model of the Modi government as durable and honest development, which has emphasized service, good governance and innovation. Along with this, he said that the government, business community and 140 crore Indian Prime Minister’s developed India are fully agreed with the vision of 2047. The Union Minister reminded that the biggest example of India’s economic strength is that the country is coming out of the weaker five economies and is one of the world’s Top-5 Economy today.
RBI also expressed confidence
Along with Union Minister Piyush Goyal, the Reserve Bank of India (RBI) has also said that the Economic Index is pointing to strong economic activities in the Industrial and Service sector in India amidst global uncertainties and geopolitical tensions. According to PTI, RBI has said this in its bulletin on Wednesday. The article titled the ‘Status of the Economy’ of the central bank has said that India’s strengthening of the situation in the global is strengthened.