Commerce and industries minister Suresh Prabhu said on Wednesday India is expected to become a USD 5 trillion economy in the next 8-9 years with the manufacturing sector contributing 20 per cent to that.<\/p>\n
\u201cIndia is going to be USD 5 trillion economy in 8-9 years. USD 1 trillion will come from manufacturing. Therefore we are preparing a detailed plan what will be going in that manufacturing,\u201d Prabhu said at an event organised by internet firms body .<\/p>\n
He said that experts who are involved into manufacturing are preparing the roadmap and including all sectors where manufacturing can be promoted.<\/p>\n
The minister said if manufacturing alone is digitised it will create huge opportunity for technology firms.<\/p>\n
\u201c60 per cent of the USD 5 trillion will come from services. This includes various services which are not being even thought of at present. Like home care services have tremendous scope,\u201d he said.<\/p>\n
The minister said that USD 3 trillion may be under statement as per the plan being worked out and there are empirical evidences to back it.<\/p>\n
Prabhu said as commerce and industries minister, he is working on a strategy for international trade which will contribute USD 2 trillion to the economy where contribution can come from both manufacturing and services.<\/p>\n
International trade should become a driving factor for the growth of GDP, he said.<\/p>\n
\u201cIndia is not only bridging digital divide but also helping people scale up their income,\u201d Prabhu said.<\/p>\n
He said that another revenue contribution to the economy will be farming sector where lot of transformation can be done.<\/p>\n","protected":false},"excerpt":{"rendered":"
Commerce and industries minister Suresh Prabhu said on Wednesday India is expected to become a USD 5 trillion economy in the next 8-9 years with the manufacturing sector contributing 20 per cent to that. \u201cIndia is going to be USD 5 trillion economy in 8-9 years. USD 1 trillion will come from manufacturing. Therefore we […]<\/p>\n","protected":false},"author":1,"featured_media":19110,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-19109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/19109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=19109"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/19109\/revisions"}],"predecessor-version":[{"id":19111,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/19109\/revisions\/19111"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/19110"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=19109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=19109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=19109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}