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Home / News / India /  Target of $5 tn economy is just a phase, our targets are bigger, higher: PM Modi

Target of $5 tn economy is just a phase, our targets are bigger, higher: PM Modi

Prime Minister Narendra Modi gestures as he addresses during an event celebrating centenary of Kirloskar Brothers Ltd, in New Delhi, Monday (Photo: PTI)

  • Corporate tax rate at all-time low; committed to removing difficulties facing industry, says Modi
  • Action against corrupt is wrongly being projected as action against industry: Modi

New Delhi: Prime Minister Narendra Modi on Monday expressed confidence that the coming decade will be of Indian entrepreneurs and said that the goal of a $ 5 trillion economy was a step to realise larger dreams.

New Delhi: Prime Minister Narendra Modi on Monday expressed confidence that the coming decade will be of Indian entrepreneurs and said that the goal of a $ 5 trillion economy was a step to realise larger dreams.

"As we enter the new decade, I would like to say that the decade would be of Indian entrepreneurs. The dream to make India a $5 trillion economy is just a step. We have bigger dreams and larger hopes," Modi said at an event here.

"As we enter the new decade, I would like to say that the decade would be of Indian entrepreneurs. The dream to make India a $5 trillion economy is just a step. We have bigger dreams and larger hopes," Modi said at an event here.

He said Indian entrepreneurs have the capacity to take risks, willingness to expand their businesses into new sectors and have a desire to achieve something big. "Action against corrupt is wrongly being projected as action against industry," said Modi.

He said Indian entrepreneurs have the capacity to take risks, willingness to expand their businesses into new sectors and have a desire to achieve something big. "Action against corrupt is wrongly being projected as action against industry," said Modi.

Modi said that the real capability of entrepreneurs will come to the fore when the government stands beside the industry as a partner.

Modi said that the real capability of entrepreneurs will come to the fore when the government stands beside the industry as a partner.

The Prime Minister said the government has "tried to reform with intent, perform with integrity, transform with intensity" and made earnest efforts towards a "process-driven and professional governance".

The Prime Minister said the government has "tried to reform with intent, perform with integrity, transform with intensity" and made earnest efforts towards a "process-driven and professional governance".

Noting that corporate tax rate in India was the lowest-ever, he said Goods and Services Tax (GST) reform or public sector banking reforms had been pending for a long time.

Noting that corporate tax rate in India was the lowest-ever, he said Goods and Services Tax (GST) reform or public sector banking reforms had been pending for a long time.

"Today any hindrances in the growth of Indian industry have been removed," he said.

"Today any hindrances in the growth of Indian industry have been removed," he said.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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