India to soon become $5 trillion economy, says PM Modi
The HinduPrime Minister Narendra Modi on August 22 said India will soon become a $5 trillion economy and is poised to become the growth engine of the world in the coming years. Speaking at the BRICS Business Forum Leaders’ Dialogue, Mr. Modi highlighted that “mission-mode” reforms has improved the ease of doing business in India and invited businesses to be part of the country’s development journey. Inviting businesses to join India’s development journey, Modi said New Delhi has opened up sectors like defence and space for private investments, and that manufacturing sector is becoming competitive due to reduction in logistics cost. With the use of technology, Mr. Modi said India has taken a giant leap towards financial inclusion, and rural women have benefited the most.