Thursday, Jun 8 2023 | Time 03:18 Hrs(IST)
image
States » West


India should aim for 47 trillion dollar economy by 2047: Piyush Goyal

India should aim for 47 trillion dollar economy by 2047: Piyush Goyal

Mumbai, Apr 29 (UNI) Minister for Commerce and Industry, Piyush Goyal, delivered the inaugural address at the 'India Calling Conference 2023' organized by the Indian Merchants Chamber in Mumbai here on Saturday.

During his address, he highlighted the contribution of companies from small countries, such as the Czech Republic and Poland, to the supply chain of big companies around the globe.
Minister appealed to all to aim for a 47 trillion dollar economy when India reaches the year 2047. He added that India has tried to formalize the economy and has met with great success. The spirit of team, competitiveness, and positivity are necessary for success, and that kind of spirit can be seen in Mumbai, which is not only the financial capital but also the fun capital of India, he added.
Minister Goyal said every single geography in the world has a lot of hope and expectation from India, and though it can be sometimes daunting, it shows the confidence of the world in India's future. He said, "India reflects the vision of the world as one Economy. While Commerce Industry teams are negotiating Free Trade Agreements with a deep focus on protecting India's interest, India believes that true prosperity happens when the whole world prospers. India believes in Vaccine Maitri under which it delivered 278 million doses to poorer countries mostly free because India feels safe when the world is safe."
The Minister further added that the 'Panch Pran' given by the Prime Minister can be realized only if it becomes the commitment of the entire nation. He emphasized that the vision of a developed India will not be possible without the 'Nari Shakti' of India and a corruption-free nation. He applauded the commitment of the industry to social causes and said that all of us are determined for a better future for India.
During the conference, Dinesh Joshi, Chairman, IMC International Business Committee, highlighted the success story of 'Make in India' initiative, where India has turned out to be one of the most favored manufacturing hubs. He mentioned that India's smart phone exports have increased from zero to 90,000 crores, and centers of excellence are being set up for the manufacture of electronics, pharma, textiles, and solar manufacturing. He also noted that India has made considerable progress in sectors such as defense, space, hydrogen energy, and fintech.
Anant Singhania, President, IMC, in his welcome address, said India is now the 5th largest nation by GDP, up from 10th place since 2014. He highlighted the government's initiatives to link ordinary Indians to their electronic identity through a set of digital services, which has caused the cost of technology to drop. This and the conducive ecosystem created by the Government of India have transformed the startup scene in India, making India the world's third-largest startup hub, he observed. He also noted how India has gone from creating 1 Unicorn/year to 42 Unicorns in 2021 and in a span of 10 years emerged as the number 1 mobile data consuming nation.
Goyal also extended an invitation to those present to join him in listening to the 100th episode of Mann Ki baat on April 30.
UNI SP SY

More News

Maha government has to bow down in shame after hostel murder: Ajit Pawar

08 Jun 2023 | 12:20 AM

Mumbai, June 7 (UNI) Leader of the Opposition in Maharashtra Legislative Assembly Ajit Pawar on Wednesday attacked the government saying that a girl being tortured in a hostel in Mumbai is an incident where the government has to bow down in shame.

see more..

Shinde appeals to people to maintain law and order

07 Jun 2023 | 11:52 PM

Kolhapur, Jun 7 (UNI) Maharashtra Chief Minister Eknath Shinde on Wednesday appealed to the people to maintain law and order saying cooperation was necessary from all sections of the society
A bandh call was given by some oeganisations to express their protest against putting up of objectionable photos of historical figures on mobiles by some youths of a particular community on Tuesday.

see more..
Don't give importance to useless issues like love jihad: Sharad Pawar

Don't give importance to useless issues like love jihad: Sharad Pawar

07 Jun 2023 | 10:26 PM

Chhatrapati Sambhajinagar, Jun 7 (UNI) NCP supremo Sharad Pawar on Wednesday said "useless issues" like love jihad should not be given much importance.

see more..

Fadnavis directs home department to bring situation under control

07 Jun 2023 | 10:10 PM

Kolhapur, June 7 (UNI) Maharashtra Deputy Chief Minister Devendra Fadnavis on Wednesday directed the home department to control the situation in Kolhapur, which arose after some organisations called a bandh.

see more..

Third G20 International Financial Architecture Working Group meeting concludes

07 Jun 2023 | 10:10 PM

Mumbai June 7 (UNI) The Third G20 International Financial Architecture Working Group Meeting (IFA WG) under the Indian Presidency concluded in Goa on Wednesday.

see more..
image