Press Trust of India
New Delhi, April 21: India needs to grow at ten per cent to become $10 trillion economy and eliminate poverty by 2032, Niti Aayog Chief Executive Officer Amitabh Kant said here Thursday. The country’s growth rate was 7.6 per cent in 2015-16 and its economy worth $1.7 trillion.
In a presentation made during Civil Services Day function attended by Prime Minister Narendra Modi and large number of civil servants, he said a growth rate of ten per cent would also help in creation of 175 million jobs by 2032. “Growing at 10 per cent will transform India. India will be a $10 trillion economy with no poverty in 2032,” his presentation reads. The presentation was made on the status of implementation of reports of ‘Group of Secretaries’ formed by the Modi government. A total of eight Group of Secretaries were formed in December last year on focus areas.
He said that current seven per cent growth rate would make India only a $6 trillion economy by 2032 and would still leave 5-6 per cent of population Below Poverty Line (BPL). The groups have decided on sub-themes, some of its recommendations have been acted on whereas a road map has been suggested for the rest to achieve intended target. Under the sub-theme “accelerated growth”, Kant said there will be Rs two lakh crore worth investment in roads and railways in Financial Year 2017. It intends to complete 10,000 km of road project during the same period.
