Modi Pitches for Making India a $20 Trillion Economy

January 17, 2015 | 12:37 PM | 144 Views

Prime Minister Narendra Modi Friday called for making India a $20 trillion economy, while stressing laws must evolve with time and his government had taken several initiatives towards “transforming India”. Addressing the Economic Times Global Bussiness Summit here, Modi said that small acts can drive reforms and there was no contradiction between doing big-ticket items and small things.He laid emphasis on cohesiveness of society and said there was need to cut leakage of subsidies and not the subsidies themselves. Indicating launching a national programme for computerisation of public distribution system, he also said that steps were being taken for uninterrupted power supply to all consumers throughout the year. Stressing elimination of poverty was fundamental to him, he said: “This is at the core of my understanding of cohesive growth.” Narrating his concept of economic good governance, he said the government must nurture an eco-system where the economy is primed for growth.

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