'All governments hesitated to touch tax system; now we are making tax system citizen centric,' Modi said at an event in New Delhi
Union Budget will help achieve target of $5 trillion economy, the PM said
New Delhi: Prime Minister Narendra Modi on Wednesday said that making Indian economy worth $5 trillion is not easy, but still is achievable.
"Making Indian economy worth $5 trillion is not easy but is still achievable. Today, India's economy is worth $3 trillion... Did you ever hear that in the country a target was set to reach $3 trillion economy? Never. We reached (the target) of $3 trillion in 70 years," Prime Minister Modi said at the Times Now Summit 2020 held here.
"Earlier, no one asked why it took so long and nobody gave an answer. Now we have set a target, facing the questions and making all-out efforts to achieve this target. India will now not waste time, it will surge ahead with confidence," he added.
"For achieving the goal of being a $5 trillion economy, it is very important that there is an increase in manufacturing output and exports as well. The government has taken several decisions for this. All governments hesitated to touch tax system, now we are making tax system citizen centric," he said.
Highlighting various decisions taken by the BJP-led Central government during its second tenure, Prime Minister Modi said that today's 'New India' has left behind most of its problems.
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