You are here: Home » News-ANI » Business
Business Standard

India has the potential to emerge as $10 trillion economy: Modi

Business Finance


Prime Minister Narendra Modi said on Saturday that India has the potential to emerge as a 10 trillion dollars economy with countless startups and rank as the third largest globally.

The country has made rapid strides since 2014 with an average GDP growth rate of 7.4 per cent and inflation at less than 4.5 per cent, he said while speaking at the ET Global Summit.

"This will be the highest growth and lowest inflation during the period of any government in post-liberalisation era," said Modi.

"India today is a country where the impossible is now possible. This is in contrast to the sentiment prevalent in the previous government where the only competition was over corruption."

Modi said after the NDA government came to power in 2014, hesitations has been replaced by hope, issues have been replaced by initiatives. "With unprecedented changes and reforms, transformation is happening. Reforms undertaken by the government have laid the foundation for solid growth in coming years."


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, February 23 2019. 12:57 IST