Prime Minister Narendra Modi has said that this year the economy will grow at the rate of 7.5 percent.
New Delhi:
Prime Minister Narendra Modi said on Wednesday that the government expects the Indian economy to grow at 7.5 per cent this year.
In a virtual address at the BRICS Business Forum, Mr Modi also said that the value of the Indian digital economy will reach $1 trillion by 2025.
Highlighting the strength of the Indian economy, he said the country’s national infrastructure pipeline has an investment opportunity of $1.5 trillion.
“We are expecting a growth rate of 7.5 per cent this year which will make us the fastest growing major economy,” Modi said in his address.
In a “New India”, transformative changes are taking place in every sector, he said, adding that a key pillar of the country’s economic recovery is technology-led development.
“We are supporting innovation in every sector,” the Prime Minister said.
The BRICS Business Forum took place a day before the virtual summit of the five-nation bloc.
BRICS (Brazil-Russia-India-China-South Africa) brings together the world’s five largest developing countries, representing 41 per cent of the global population, 24 per cent of global GDP and 16 per cent of global trade. ,