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India on track to become $35 trillion, fully developed economy by 2047: Shri Piyush Goyal

New Delhi: 19/2/24:Union Minister of Commerce & Industry, Consumer Affairs, Food, and Public Distribution, and Textiles, Shri Piyush Goyal said that the present government’s ambition is to make India a fully developed nation by 2047 and all efforts are being made in this direction. While addressing a media delegation of 35 journalists from 19 countries of Latin America and the Caribbean in New Delhi today, Shri Goyal said that the government’s ambition is to increase the current $3.7 trillion economy to a $30-35 trillion economy by 2047 and to ensure food and energy security of the nation.

Shri Goyal hailed Prime Minister Shri Narendra Modi’s relentless pursuit of twin tracks – strengthening the macroeconomic fundamentals of India to prepare the country for the future and focus on the welfare of the poor through food, healthcare, and education. The Union Minister said that Prime Minister Shri Narendra Modi’s holistic vision to address the issues regarding the welfare of the poor coupled with good governance over the last decade has helped India transform from the 11th largest to 5th largest economy in the world and is on track to become the 3rd largest GDP by 2027.

Shri Goyal said that the current government has completed a turnaround of the macroeconomics of the country with the foreign currency reserves being 4th largest in the world, twice since 2014, and the currency is amongst the best performing in developing countries. Shri Goyal said that India has witnessed the best-performing decade in the last 75 years of Independence with inflation being halved in the past 12 years which has benefited the economy with interest rates in control.

The Minister further said that the government inherited a broken economy when it came to power with a clear mandate in 2014. “We inherited a broken economy, deep in distress, and a poor reputation around the world for the India growth story and its ability to play a part in geopolitics”, said Shri Goyal.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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