Making India USD 5 trillion economy by 2024 challenging, but achievable: Modi at NITI Ayog meeting

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New Delhi : Prime Minister Narendra Modi on Saturday said that the goal to make India a 5 trillion dollar economy by 2024, is challenging, but can surely be achieved. He said States should recognise their core competence, and work towards raising GDP targets right from the district level.

Delivering the opening remark at the 5th  meeting of the Governing Council of NITI Aayog, he said that empowerment, and ease of living, have to be provided to each and every Indian. The Prime Minister stressed that the focus should be on collective responsibility for achieving short term and long term goals.

Noting that the export sector is an important element in the progress of developing countries, he said both the Centre and the States should work towards growth in exports, in order to raise per capita incomes. He said there is immense untapped export potential in several States, including the North Eastern States. He said a thrust on export promotion at the State level will provide a boost to both income and employment.

Describing water as an important element for life, the Prime Minister said that the poor bear the brunt of insufficient water conservation efforts. He said that the newly created Jal Shakti Ministry will help provide an integrated approach to water. He urged States to also integrate their efforts towards water conservation and management. He said management of available water resources is a vital imperative. The aim is to provide piped water to every rural home by 2024. The Prime Minister called for effective steps to tackle drought. He said that the spirit of per-drop, more-crop needs to be promoted.

Reiterating the Union Government’s commitment to double incomes of farmers by 2022, he said this requires focus on fisheries, animal husbandry, horticulture, fruits and vegetables. He said that the benefits of PM-KISAN – KisanSammanNidhi – and other farmer centric schemes should reach the intended beneficiaries well within time. Noting that there is need for structural reform in agriculture, the Prime Minister spoke of the need to boost corporate investment, strengthen logistics, and provide ample market support. He said the food processing sector should grow at a faster pace than foodgrain production.

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