Piyush Goyal Targets Fully Developed India by 2047

Commerce and Industry Minister Piyush Goyal yesterday said present government’s ambition is to make India a fully developed nation by 2047 and all efforts are being made in this direction. Addressing a media delegation of 35 journalists from 19 countries of Latin American and the Caribbean in New Delhi, Mr Goyal said government’s ambition is to increase the current 3.7 trillion dollar economy to be a 30 to 35 trillion dollar economy by 2047 and to ensure food and energy security of the nation.

The Union Minister hailed Prime Minister Narendra Modi’s relentless pursuit of twin track - strengthening macroeconomic fundamentals of India and focusing on welfare of poor. He said



that Prime Minister Modi’s holistic vision to address the issues regarding welfare of the poor coupled with good governance over the last decade has helped India transform from the 11th largest to 5th largest economy in the world. He stated that India is on track to become the third largest GDP by 2027.

Mr Goyal said that the current government has completed a turnaround of the macroeconomics of the country with the foreign currency reserves being 4th largest in the world. He added that India has witnessed the best performing decade in the last 75 years of Independence with inflation being halved in the past 12 years.