Business EconomyPosted at: Mar 13 2019 8:33PM

Indian economy to reach three-trillion dollar in next four to five years : Ravi Shankar Prasad

New Delhi, Mar 13 (UNI) Electronics and Information Technology (E&IT) Minister Ravi Shankar Prasad has asserted that India is poised to become three trillion dollars economy in next four to five years.
Mr Prasad, who was speaking at the fifth edition of Digital India Summit here on Tuesday said, "India could be a three trillion dollar economy in the next 4 to 5 years that that is the goal we have set. Digital India is designed to empower ordinary Indian’s. Our idea is to make India the biggest manufacturing hub in the field of electronics with one crore employment in the electronics sector and 35-40 lakhs in the software sector.
The IT industry is present in 200 cities of 80 countries with a turnover of 167 billion plus,125 billion exports, employing 40 lakh people directly and 1.25 crore indirectly, the industry employs 33 per cent women and they are rising by the day, the Minister underscored.
"Digital India is designed to empower ordinary Indian’s, the entire digital ecosystem has advanced in the last few years and we wish to keep this momentum. Our Digital initiatives have empowered nearly 1.5 crore students with e-scholarship worth 5000 along with our initiative of Ayushman Bharat, 50 crore Indians are going to get assistance. In November 2016, there were only 4000 transactions per day on BHIM UPI app and in December 2018 it has reached 2 crores transaction per day, this is being propelled by people living in smaller cities", Mr Prasad noted.
He also added that there was a time when India consisted of only 2 mobile manufacturers and today there are 127 mobile manufacturers making India the second largest mobile manufacturing country only second after China. Our idea is to make India the biggest manufacturing hub in the field of electronics with one crore employment in the electronics sector and 35-40 lakhs in the software sector.
Rajan Mathew, Director General, Cellular Operators Association of India (COAI) while speaking on 'Is India 5G ready’? said " India is still behind in the race for 5G, there is tremendous long-term investment required to get our 4G networks in shape, keeping in mind capacity and quality issues. We are looking at $ 100 billion investment requirement which will primarily be driven by the private sector and unless issues of financial stress are dealt with, we are far from reaching the 5G era.
The fifth digital India summit addressed the key sectors and industries in digital transformation including E-Campaigning, E-Health, E-Commerce, Financial Inclusion to Digital Payments, E-Food to Entertainment and Travel.
UNI KPV SDR 2033

Please log in to get detailed story.

Tags: #Indian economy to reach three-trillion dollar in next four to five years : Ravi Shankar Prasad

India International Industrial Expo in Kochi from Dec 13-15, 2024

19 Apr 2024 | 12:56 PM

Kochi, Apr 19 (UNI) India International Industrial Expo (IIIE-2024), a gateway to a comprehensive industrial showcase, will be held here on December 13, 14 and 15, 2024 with the participation of more than 10,000 trade visitors and 350 leading Industrial manufacturers, IIIE CEO Siji Nair said on Friday.

Indian economy to reach three-trillion dollar in next four to five years : Ravi Shankar Prasad

India International Industrial Expo in Kochi from Dec 13-15, 2024

NTPC green energy inks MoU with Indus Towers

Rupee opens record low at 83 55 against USD

Sensex drops over 500 points

USD up ; Euro,Pound down

HARIDWAR, APR 19 (UNI):- Sadhus showing their voters identity cards while waiting in queue to cast their franchise for the Lok Sabha election -2024 during the first phase of election at a polling station, in Haridwar on Friday.UNI PHOTO-99U

HARIDWAR, APR 19 (UNI):- Sadhus showing their voters identity cards while waiting in queue to cast their franchise for the Lok Sabha election -2024 during the first phase of election at a polling station, in Haridwar on Friday.UNI PHOTO-98U

HARIDWAR, APR 19 (UNI):- Sadhus showing their voters identity cards while waiting in queue to cast their franchise for the Lok Sabha election -2024 during the first phase of election at a polling station, in Haridwar on Friday.UNI PHOTO-97U

GAYA,APR 19 (UNI):-Voters displaying identity cards while standing in the queue to cast their votes at a polling booth during the 1st Phase of General Elections-2024 at Kendriya Vidyalaya No.1, Bageshwari Road, Gaya, in Bihar on Friday.UNI PHOTO-96U

DEHRADUN, APR 19 (UNI):- Uttarakhand Chief Secretary Radha Raturi showing their ink marked fingers after casting vote for Lok Sabha polls, at Rajpur, in Dehradun on Friday. UNI PHOTO-95U

DEHRADUN, APR 19 (UNI):- Uttarakhand Chief Secretary Radha Raturi and her family showing their ink marked fingers after casting vote for Lok Sabha polls, at Rajpur, in Dehradun on Friday. UNI PHOTO-94U

KOHIMA,APR 19 (UNI):-A voter registering name to cast her vote, at a polling booth, during the 1st Phase of General Elections-2024 at Kohima, in Nagaland on Friday.UNI PHOTO-93U

KOHIMA,APR 19 (UNI):-A polling official administering indelible ink to a voter, at a polling booth, during the 1st Phase of General Elections-2024 at Kohima, in Nagaland onFriday.UNI PHOTO-92U

KOHIMA,APR 19 (UNI):-A polling official administering indelible ink to a voter, at a polling booth, during the 1st Phase of General Elections-2024 at Kohima, in Nagaland onFriday.UNI PHOTO-91U

HARIDWAR, APR 19 (UNI):- Security personnel keeping vigil during the first phase of Lok Sabha election -2024 at a polling station, in Haridwar on Friday.UNI PHOTO-109u

HARIDWAR, APR 19 (UNI):- People showing their voters identity cards while waiting in queue to cast their franchise for the Lok Sabha election -2024 during the first phase of election at a polling station, in Haridwar on Friday.UNI PHOTO-108u

HARIDWAR, APR 19 (UNI):- Voters showing their voters identity cards and inked fingers after cast their franchise for the Lok Sabha election -2024 during the first phase of election at a polling station, in Haridwar on Friday.UNI PHOTO-107u

HARIDWAR, APR 19 (UNI):- Voters showing their voters identity cards while waiting in queue to cast their franchise for the Lok Sabha election -2024 during the first phase of election at a polling station, in Haridwar on Friday.UNI PHOTO-106u

HARIDWAR, APR 19 (UNI):- Voters showing their voters identity cards while waiting in queue to cast their franchise for the Lok Sabha election -2024 during the first phase of election at a polling station, in Haridwar on Friday.UNI PHOTO-105u

HARIDWAR, APR 19 (UNI):- Sadhus showing their inked fingers after casting franchise for the Lok Sabha election -2024 during the first phase of election at a polling station, in Haridwar on Friday.UNI PHOTO-104u

HARIDWAR, APR 19 (UNI):- Specially abled voters showing their voters identity cards while waiting in queue to cast their franchise for the Lok Sabha election -2024 during the first phase of election at a polling station, in Haridwar on Friday.UNI PHOTO-103u

HARIDWAR, APR 19 (UNI):- Specially abled voters showing their voters identity cards while waiting in queue to cast their franchise for the Lok Sabha election -2024 during the first phase of election at a polling station, in Haridwar on Friday.UNI PHOTO-102u

HARIDWAR, APR 19 (UNI):- A Sadhu shows his inked finger after casting franchise for the Lok Sabha election -2024 during the first phase of election at a polling station, in Haridwar on Friday.UNI PHOTO-101u

HARIDWAR, APR 19 (UNI):- A Sadhu shows his inked finger after casting franchise for the Lok Sabha election -2024 during the first phase of election at a polling station, in Haridwar on Friday.UNI PHOTO-100u

BELAGAVI, APR 19 (UNI):- MES Candidate Mahadev Patil with his supporters on his way to the filing the Nomination papers for Belagavi Parliamentary seat, in Belagavi on Friday.UNI PHOTO-90U