5 Trillion Economy
5 Trillion Economy News
Narendra Modi urges people to pay their dues for India's development; says tax harassment will be a thing of past
All citizens who could afford to pay taxes should pay them honesty for the welfare of those who had made them capable of it, Modi said
Economy not in trouble; green shoots visible with country moving towards $5 trillion economy: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Tuesday said the economy is not in trouble and green shoot are visible with the country moving towards a $5 trillion economy
The country needs to double credit growth to 15 percent to become a $5 trillion economy by 2024-25, say bankers
Budget 2020: Govt likely to raise spending on infrastructure, cut personal tax to revive economic growth
Sitharaman is expected to announce a plan in the budget to invest Rs 105 lakh crore ($1.48 trillion) in infrastructure over the next five years.
Union Road Transport and Highways Minister Nitin Gadkari said on Saturday that the goal of making India a $5 trillion economy by 2024 was "difficult but not impossible".
Ahead of the Budget, Federation of Seed Industry of India (FSII) on Thursday urged the government to restore 200 percent income tax deduction for in-house research and development (R&D) expenditure in the seed industry
Union Budget 2020-21: Narendra Modi says fundamentals of Indian economy strong, has capacity to bounce back
Unfazed by projections of GDP growth slowing to an 11-year low in the current fiscal, Prime Minister Narendra Modi on Thursday said fundamentals of the Indian economy are strong and it has the capacity to bounce back
Narendra Modi govt's Rs 102 lakh cr infrastructure target is a wishful thinking; the devil lies in the details
Over a Rs 100 lakh crore will be pumped into the infrastructure department that will help achieve the $5 trillion dream, the government claims.
India expected to overtake Germany, become fourth-largest economy by 2026, says report by UK-based economics consultancy
The report further said India is also set to reach a gross domestic product (GDP) of USD 5 trillion by 2026, 2 years later than the government's target.
Narendra Modi said that the aim of the government is to both formalise and modernise the country's economy.
Now, even if one talks about the $5-trillion target, at the current rate of slowed growth, the target is merely wishful thinking.
India to boost infra spend from $1.1 trillion in last decade to $1.4 trillion in next 5 years to reach $5 trillion economy, says Nirmala Sitharaman at IMF
India, Nirmala Sitharaman said, has taken various steps to enhance infrastructure investment by launching innovative financial vehicles
Favourable conditions exist to achieve $5 trillion economy target by 2024, to reach $10 trillion by 2030: Official
It is entirely possible to achieve $5 trillion economy in India as right conditions exist with a strong policy-driven government both at the centre and states, said DPIIT Secretary Guruprasad Mohapatra
Corporate tax cut a signal to structural reforms, govt should focus on non-tax revenues to offset deficit: CEA
On 20 September, Finance Minister Nirmala Sitharaman had announced a reduction in the base corporate tax rate to 22% from 30% as part of stimulus measures to revive the slowing economic growth.
Corporate tax cuts: Govt bites bullet to balance tax competitiveness, but will this attract India a major global investment hub
A nearly double-digit tax reduction in the effective tax rate, unmistakably, pegs India as one of the most competitive investment destinations not only across its Asian peers, but globally too.
'BJP, ministers lack vision to revive economy': Congress' Anand Sharma calls Nirmala Sitharaman's comments on inflation 'absurd'
The Congress on Saturday termed Nirmala Sitharaman's comments on inflation as "absurd" and accused the BJP-led government of lacking a 'vision'.
Piyush Goyal's Newton-Einstein gaffe: Twitterati mocks 'new Pappu'; Union minister's justification hardly helps
Piyush Goyal's remark crediting Einstein for Newton's discovery didn't go unnoticed by netizens. Twitterati massively trolled Goyal for the comment, which came days after Finance Minister Nirmala Sitharaman sparked a controversy by claiming the "millenial mindset" was behind the slowdown in the auto industry.
100 days of Modi 2.0: Economic slowdown fades sheen of govt in second term despite gains in Article 370, triple talaq issues
The most shocking news in Modi 2.0 was the fall of growth rate in the first quarter of the current financial year at a time when the country was dreaming to become a $5-trillion economy.
PM in Bahrain: Narendra Modi conferred 'The King Hamad Order of the Renaissance' award in meet with monarch
Prime Minister Narendra Modi was conferred 'The King Hamad Order of the Renaissance' during his meeting with the King of Bahrain on Saturday.
$5 trillion economy is our target': Narendra Modi addresses Indian diaspora in Bahrain, says India's space missions are acknowledged worldwide
Prime Minister Narendra Modi on Saturday reiterated his government's commitment to making India a $5 trillion economy in the next five years.