6 senior IAS officers shifted, Vanada Kini made Commissioner, Bhagalpur Div.

6 senior IAS officers shifted, Vanada Kini made Commissioner, Bhagalpur Div.

Speed Post News Network Patna : Apart from transferring 11 junior IAS officers, Bihar government on February 18, 2019, also transferred 6 senior IAS officers. Vandana Kini, an IAS officer of 1989 More »

Bihar Govt transfers 11 IAS officers

Bihar Govt transfers 11 IAS officers

Speed Post News Network Patna : Bihar government on February 18, 2019, transferred 11 IAS belonging to 2014, 2015, and 2016 batch to different places. Udita Singh, an IAS officer of 2014 More »

Prabhu addresses India-Argentina Business Forum

Prabhu addresses India-Argentina Business Forum

  Speed Post News Network New Delhi : Union Minister for Commerce & Industry and Civil Aviation Suresh Prabhu on February 18, 2019, said that India is keen to strengthen bilateral ties More »

PM to visit Varanasi on Feb. 19, to inaugurate Homi Bhabha Cancer Hospital Lehartara

PM to visit Varanasi on Feb. 19, to inaugurate Homi Bhabha Cancer Hospital Lehartara

Speed Post News Network New Delhi : Prime Minister Narendra Modi will visit Varanasi, Uttar Pradesh, on February 19, 2019, and unveil several development projects there. The PM will flag off the More »

Fifth bathing festival of Prayagraj Kumbh on Feb.19

Fifth bathing festival of Prayagraj Kumbh on Feb.19

Speed Post News Network New Delhi : The 5th bathing festival of Maghi Purnima at Prayagraj Kumbh will take place on February 19, 2019. A large number of devotees and tourists are More »

NHRC notice to UP Govt. over unabated production of spurious liquor at Pusaina village

NHRC notice to UP Govt. over unabated production of spurious liquor at Pusaina village

Speed Post News Network New Delhi:  The National Human Rights Commission (NHRC) has taken suo motu cognizance of media report that at village  Pusaina in Mainpuri district of Uttar Pradesh out of More »

 

Vision of USD 5 Trillion Indian Economy by 2025

Speed Post News Network

New Delhi : The Working Group tasked to develop a roadmap towards achieving a 5 trillion dollar economy by 2025 has prepared its report and it is being circulated to the stakeholders for further suggestions. The Working Group was constituted by the Department of Industrial Policy and Promotion in the Ministry of Commerce and Industry with participation from government and industry. The Group held extensive and broad-based consultations with stakeholders to better understand the aspirations and the potential. The sectoral sub-groups were also formed to take the task forward.

India is one of the fastest growing major economies and is currently ranked as the world’s sixth largest economy. Projections of growth, over the medium term, remain encouraging and optimistic for India. The underlying strength are indicative of the potential of India to achieve a USD 5 trillion economy by 2025. The current structure of the economy and the emerging dynamics provide grounds to target achieving 1 trillion dollar from agriculture and allied activities, 1 trillion from manufacturing and 3 trillion from services.

The Government has several ongoing initiatives across sectors focused on growth. In agriculture, the Government is aiming to reorient policy focus from being production-centric to becoming income-centric. The emphasis on income provides a broader scope towards achieving the needed expansion of the sector. The proposed Industrial Policy 2018 provides an overarching, sector-agnostic agenda for the enterprises of the future and envisions creating a globally competitive Indian industry that is modern, sustainable and inclusive.

The Champion Services sector initiative is also underway to accelerate the expansion of select service sectors. The Working Group has accounted for these initiatives and encourages a fresh impetus to achieve the target of a five trillion economy, according to a PIB release.

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