Making India USD 5 trillion economy challenging but achievable: Narendra Modi

Prime Minister Narendra Modi has sought the cooperation of states in helping India achieve the target of $5 trillion economy suggesting that each state should aim to increase their own economy by 2-2.5% and focus on exports. Recognising the distress in the farm sector, PM Modi has announced setting up a high-level task force to suggest structural reforms in agriculture.


The goal to make India a $5 trillion economy by 2024 is challenging, but can surely be achieved, PM Modi said, adding states should recognise their core competence, and work towards raising GDP targets right from the district level.


PM Modi was addressing the NITI Aayog's fifth governing council meet on Saturday. The meeting was attended by chief ministers of all states, except West Bengal chief minister Mamata Banerjee and Telangana chief minister K Chandrashekhar Rao, and lieutenant governors of union territories besides top ministers of the Modi cabinet and the top officials of NITI Aayog.



The key agenda of the meeting included rain-water harvesting, drought situation and relief measures, aspirational districts programme, transforming agriculture and security related issues with focus on left-wing extremists affected districts, NITI Aayog vice chairman Rajiv Kumar said after the meeting which lasted for nearly seven hours.