Uncategorized

India poised to become $5-trillion economy by 2024-25: Hardeep Singh Puri

Union Minister Hardeep Singh Puri on Thursday, October 21, 2021, expressed confidence that India will become a $5 trillion economy by 2024-25 and $10 trillion by 2030.

Speaking at a virtual conference of PAFI India, Union Minister Hardeep Singh Puri said, “Economic growth is accelerating. India is poised for growth to become a $5 trillion economy by 2024-25.

On the disinvestment of Bharat Petroleum Corporation, the Union Minister said, all feedback is proceeding well. The Minister of Petroleum and Urban Development also hailed the recent disinvestment of Air India.

On the pace of economic growth, he said petrol consumption is 16 per cent higher than pre-covid levels, while diesel consumption is 10-12 per cent higher. He added that the stock market has also registered a growth of 250 per cent since March 2020.

Union Minister Hardeep Singh Puri mentioned that the pandemic has given rise to a different set of growth drivers – revival of the health sector, exports, global manufacturing risk index, growth in economic activity, achieving renewable energy targets and initiatives like Gati Shakti, Foreign exchange reserve.

On higher energy and oil prices, the Union Minister said that the supply curve has been kept below the demand curve, which leads to high prices.

“High price of energy undermines global economic recovery. It is ideal to release increased output into the market and it will also be in the interest of the producing country. For India, the Center and the state in the spirit of cooperative federalism need to pool their resources to keep prices in check,” he added.

Click to comment

Leave a Reply

Your email address will not be published.

1 × 3 =

News is information about current events. News is provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, and also on the testimony of observers and witnesses to events. It is also used as a platform to manufacture opinion for the population.

Contact Info

Address:
D 601  Riddhi Sidhi CHSL
Unnant Nagar Road 2
Kamaraj Nagar, Goreagaon West
Mumbai 400062 .

Email Id: [email protected]

West Bengal

Eastern Regional Office
Indsamachar Digital Media
Siddha Gibson 1,
Gibson Lane, 1st floor, R. No. 114,
Kolkata – 700069.
West Bengal.

Office Address

251 B-Wing,First Floor,
Orchard Corporate Park, Royal Palms,
Arey Road, Goreagon East,
Mumbai – 400065.

Download Our Mobile App

IndSamachar Android App IndSamachar IOS App
To Top
WhatsApp WhatsApp us