India to be 3rd largest economy in next 3 to 4 years: Piyush Goyal

New Delhi, Jul 10 (IANS): Commerce and Industry Minister Piyush Goyal on Wednesday said India will be the 3rd largest economy in the next 3-4 years while the country’s exports would scale the $ 2 trillion export target by 2030.

Addressing the FICCI national executive committee meeting here, Goyal said: “With the rapidly growing start-up India initiative, growing infrastructure, investments in manufacturing which are creating a lot of opportunities for trade, business, jobs and exports. We will be the 3rd largest economy in the next 3-4 years.”

He also observed that the direction in which India was moving forward deeply resonates with what the industry wanted. India has a lot of untapped potential as the country heads towards becoming a global manufacturing hub.

He said that the government was working on getting India into global value chains, creating more and more global capacity centres working out of India so that services exports could be increased further.

“The government along with industry remains deeply committed to achieving $ 2 trillion export target by 2030. It is doable, achievable, with the right building blocks in place along with a strong macro economy to support it,” the minister said.

He asserted that in order to achieve the ‘Viksit Bharat’ vision, the industry has to come forward to collaborate and invest more in R&D, innovation and sustainability.

The government, he added, is in the process of finalising the ‘Jan Vishwas 2.0’. “How can we converge industry’s interest with national goals. A lot more needs to be done but we need you (industry) to come forward and give a balanced view on what is necessary along with the pain points regarding decriminalisation and reducing the compliance burden,” he noted.

Anish Shah, President, FICCI and Group CEO & Managing Director, Mahindra & Mahindra highlighted the efforts undertaken by the government to make India a manufacturing hub. He also stated that substantial steps have been taken to lower the cost of doing business and improve the ease of doing business.



Top Stories

Comment on this article

  • fd, chk

    Wed, Jul 10 2024

    our youth want exams does in a fair manner and people will make everything happen

    DisAgree Agree [1] Reply Report Abuse

  • Damodar Das, Kundapur

    Wed, Jul 10 2024

    How many times Indian economy is becoming 3rd largest economy??.??….Sometime back it was becoming 2nd largest economy. Surprisingly govt is not talking about $ 5 tr economy.

    DisAgree Agree [2] Reply Report Abuse

  • Roshan, Mangaluruq

    Wed, Jul 10 2024

    A trainee IAS officer caught using red beacon on her private car, luckily got caught. Suspended. Interesting is she claims to have mental issues. Point here, when governed is such people, it's definately not 3rf largest it can be 1st as well. Many bhakths already believed India ranked 3rd. In many pre-poll debates, bhakths openly claimed India in 3rd position.

    DisAgree Agree [2] Reply Report Abuse

Leave a Comment

Title: India to be 3rd largest economy in next 3 to 4 years: Piyush Goyal

You have 2000 characters left.


Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will be held responsible.