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Home > All news > Shipping > Economic recovery faster than expected, confident of meeting $5-trillion target by 2024 : Prime Minister Narendra Modi

Economic recovery faster than expected, confident of meeting $5-trillion target by 2024 : Prime Minister Narendra Modi

November 2, 2020
Reading Time: < 1 minute
NEW DELHI: The Indian economy is getting back on track faster than expected as a timely lockdown and various relief measures announced by the government helped address issues faced by all sections of society and 
all economic sectors due to the COVID-19 pandemic, Prime Minister Narendra Modi has said.
 
He also expressed confidence that the target of making India a USD 5-trillion economy will be achieved by 2024, saying that the crisis gave the government an opportunity to carry out reforms that were waiting to happen for decades but no one earlier took the initiative.
 
“Reforms across sectors such as coal, agriculture, labour, defence, civil aviation and so on have been undertaken which will help us get back on the high growth path that we were on before the crisis,” Prime Minister Narendra Modi was quoted as saying 
in a recent interview given to a media house. 
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