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  Metros   Mumbai  19 Feb 2018  PM’s goal: $5-tn economy by 2025

PM’s goal: $5-tn economy by 2025

Published : Feb 19, 2018, 2:09 am IST
Updated : Feb 19, 2018, 2:10 am IST

Mr Modi says Maharashtra will touch the $1 trillion mark in 7-8 years.

Prime Minister Narendra Modi and chief minister Devendra Fadnavis at the Magnetic Maharashtra Convergence at Bandra-Kurla Complex on Sunday. (Photo: PTI)
 Prime Minister Narendra Modi and chief minister Devendra Fadnavis at the Magnetic Maharashtra Convergence at Bandra-Kurla Complex on Sunday. (Photo: PTI)

Mumbai: Prime Minister Narendra Modi on Sunday  announced his target to make India a 5 trillion dollar economy by 2025.

Speaking at the Magnetic Maharashtra event at Bandra-Kurla Complex on Sunday, Mr Modi said that Maharashtra would share the responsibility of making the state economy to one trillion dollar by 2025.

The PM boasted that his government had withdrawn 1,400 obsolete laws, which were hindering businesses. “A few years have gone in corruption. However, we have worked hard and are targeting to enter the five trillion dollar economy club. This confidence has not come easily. We have a development-friendly environment for businesses. We have taken governance to that level. Now, the government is more accountable and democratically more participative than before. Maharashtra will make its economy to one trillion dollar,” Mr Modi said.

The PM said that in the last three years, his government had abolished 1,400 laws to attract and set up businesses with ease. “We are trying to reduce human interference and making processes easy. Planning performance leads to progress,” Mr Modi said.

Praising the infrastructure works in Mahara-shtra, the PM said that the projects will bring development. “The infrastructure projects in Maharashtra are attracting global investors. The trans harbour link, Navi Mumbai airport and metro projects will bring development.

The Mumbai-Nagpur Samruddhi corridor will connect rural areas and take agriculture sector to a new height. The super communication way will build 24 towns and create 25 lakh new employments,” he said.

The PM even hailed Maharashtra for taking various measures to ease the process of doing business. “In the last three years, Maharashtra has taken unprecedented steps. Maharashtra has helped in taking the World Bank ranking up in ease of doing business. Last year, state was ahead in FDI and 51 per cent investment came to the state alone,”
Mr Modi said.

Modi checks  on Parrikar

Prime Minister Narendra Modi arrived at the Lilavati Hospital in Bandra on Sunday evening to meet  Goa’s chief minister Manohar Parrikar, who is undergoing treatment for mild pancreatitis. The minister is under the treatment of  oncologist P Jagannath. On the advise of his doctors, Mr Parrikar will be continuing with the treatment in Mumbai.

Tags: narendra modi, magnetic maharashtra