New Delhi: Finance Minister Nirmala Sitharaman on Friday said that India needs to make structural reforms to achieve USD 5 trillion economy in the next few years.
Presenting the first Budget of the Modi government in its second term, she said the Indian economy, which stood at USD 1.85 trillion five years back, has reached USD 2.7 trillion now, and is within capacity to reach USD 5 trillion in the next few years.
She said the interim budget focused on a 10-point vision to boost economy. In the current year, India's economy will grow to become USD 3 trillion economy, sixth largest in the world.
"We need to invest in infrastructure, digital economy and job creation in small and medium enterprises," Sitharaman said.
She said that in terms of Purchasing Power Parity (PPP), India has become the third largest economy in the world after the US and China.
The minister emphasised the need for structural reforms for achieving USD 5 trillion economy.
Rural Economy
- PM Gramin Sadak Yojana - Phase 3 is unveiled. 1.25 lakh km of roads will be upgraded: FM
- All weather connectivity to 97% of habitations under PM Grammen Sadak Yojana, will be provided: FM
- 1.95 crore houses proposed to be provided under PMAY Grameen by 2021
- By 2022, power and LPG will be provided to all households: FM
- The Gaon (village), Garib (poor) and Kisan (farmers) are at the Centre of all our efforts: FM
- Ujwala Yojana, Saubhagya yojana transformed lives of the rural family: FM
- Every single rural family, expect those are unwilling to take to connection, will have electricity and clean cooking facility: FM
- Ease of Living has been improved in Rural Areas through - PM Ujjwala yojana: FM
