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Jan 20, 2019

India could become 5 Trillion economy in 7-8 yrs: Suresh Prabhu

Union Commerce and Civil Aviation Minister Suresh Prabhu today said that India has the potential to be a 5 trillion US Dollar economy in the next 7-8 years. Addressing a seminar on exports at Vibrant Gujarat Global Summit in Gandhinagar, Mr Prabhu said that his department had prepared a road map to make this possible by focusing on manufacturing, service sector and agriculture.

He said India can increase exports to Africa and Latin American countries. Mr Prabhu said 100 new airports will come up in the near future with a cumulative investment of 65 billion US Dollar.

Two MoUs were signed today between the Gujarat government and Airports Authority of India for establishing greenfield airports at Dholera and Ankleshwar. Dholera airport will be established at a cost of 1500 crore rupees.

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