Economy
PM Modi says wants to make India a USD 5 trillion economy by 2024
By  
REUTERS   , Published : Nov 14, 2019, 9:33 am IST | Updated : Nov 14, 2019, 9:33 am IST

BRICS targets for investment and trade must be more ambitious and that he welcomes suggestions to further reduce trade costs, says PM.

Prime Minister Narendra Modi.
Prime Minister Narendra Modi.

Brasilia: Prime Minister Narendra Modi said that his country aims to be a USD 5 trillion economy by 2024, in remarks to leaders at a summit of BRICS major emerging economies on Wednesday.

India’s GDP in 2018 was USD 2.6 trillion. Modi said that BRICS targets for investment and trade must be more ambitious and that he welcomes suggestions to further reduce trade costs.

Tags: 
narendra modi, brics, economy, trade, investment
Location: 
Brazil, Distrito Federal, Brasília
Latest From Economy
Former RBI governor Urjit Patel has written a book titled Overdraft: Saving the Indian Saver.

Urjit Patel: Why our banks aren't saviours of the Indian saver
FIEO Director General Ajay Sahai said the global situation is likely to improve in the first half of 2020, which would have a positive impact on India's exports.

Exports to rebound in 2020 but growth to remain subdued
ICRA Economist Aditi Nayar expects moderation in vegetable prices to a large extent by early 2020. (Photo: File)

Inflation leaves consumers teary-eyed as pricey onions, food items bite