NewzVille Desk
Union Commerce and Industry Minister Piyush Goyal has said that India is firmly on track to become a 5 trillion US dollar economy by 2027, despite global turbulence, driven by a collective national effort.
Speaking at a virtual session organised by the Merchants’ Chamber of Commerce and Industry (MCCI) on Tuesday, the minister said that the government has focused on
calibrated growth tailored to the Indian narrative, built on Seva, Sushasan, and Navachar, that is, Service, Good Governance, and Innovation.
Goyal said that the government under Prime Minister Narendra Modi has focused on quantum change over mere incremental progress. He added that all stakeholders including government, business community, industry, trade, and 140 crore countrymen are deeply aligned with the Prime Minister’s vision for Viksit Bharat 2047.
Citing key economic indicators, Minister Goyal said India has transformed from being part of the “Fragile Five” to becoming one of the top five global economies. He highlighted the country’s foreign exchange reserves, which recently touched 698 billion US dollars, the robust health of the banking sector, and inflation levels that are among the lowest in the post-independence era.
