Indian economy can double in three years: Suresh Prabhu

Kolkata, Aug 21 (IANS) The Indian economy can double in three years and has the potential of becoming a $20-trillion economy, Railways Minister Suresh Prabhu said on Friday.

Prabhu also stressed the need for clarity in thought and a comprehensive plan to make a $20-trillion Indian economy.

“Inflation is down, the economy is looking up, and foreign direct investments have been increasing. There is a tremendous respect among investors for the efforts of Prime Minister Narendra Modi and are eager to invest in India,” he said while addressing the 40th regional conference of the Institute of Chartered Accountants of India here.

“In this context, we can double the economy in the next three or three-and-a-half years,” said Prabhu.

Prabhu asserted that only economic growth was not the agenda; rather the removal of poverty and corruption was also essential.

“Growth along with poverty is meaningless. Besides, growth needs to bring in efficiency and improvement in productivity. We hence need clarity in thought. We cannot be ambiguous about our goals,” said Prabhu, himself a chartered accountant.

“Therefore, concerted efforts should be made and a comprehensive strategy adopted to reach our goal, that is, achieving inclusive growth coupled with elimination of poverty and corruption,” the minister said.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here