Its chief says India to become $10-trillion economy with 10% growth
India will become $10 trillion economy and achieve growth rate of 10 per cent by 2032, Niti Aayog Chief Executive Officer Amitabh Kant said on Friday.
The country's growth rate is 7.6 per cent in 2015-16 and its economy is $1.7 trillion.
In a presentation made during Civil Services Day function attended by Prime Minister Narendra Modi and large number of civil servants, he projected creation of 175 millions jobs and zero per cent of Below Poverty Line population by 2032.
"Growing at 10 per cent will transform India. India will be a $10-trillion economy with no poverty in 2032," his presentation reads.
The presentation was made on the status of implementation of reports of 'Group of Secretaries' formed by the Modi government.
A total of eight Groups of Secretaries were formed in December on focus areas.
"These eight groups had officers from different ministries.
“Further, there were 16 groups of Joint Secretaries who simultaneously worked on their focus areas.
“We cut across silos so that we can act on the eight themes and act as agent of change," Kant said.
The groups have decided on sub-themes, some of its recommendation have been acted on whereas a road map has been suggested for the rest to achieve intended target.
Under the sub-theme ‘accelerated growth’, Kant said there will be Rs 2 lakh crore (Rs 2 trillion) worth investment in roads and railways in Financial Year 2017. It intends to complete 10,000 km of road project during the same period.
Liquefied Petroleum Gas connections to below poverty line women through Pradhan Mantri Ujjwala Yojana and promotion of medical tourism are other action points suggested by the group for ‘health and pharma’ category.
The image is used for representational purpose only. Photograph: Reuters
