India will be $5 trillion economy by 2025: Piyush Goyal

ANI New Delhi Jul 16, 2019, 11.09 AM(IST)

File photo: Piyush Goyal. Photograph:( Zee News Network )

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Goyal said that I am very confident that by 2025 we will be a US$5 trillion economy. We are well poised towards achieving that, focused on different aspects of the economy which will take us there.

Union Minister Piyush Goyal has voiced his confidence by saying that India will be a US$5 trillion economy by 2025 and the Centre is well poised towards achieving the target.

"I am very confident that by 2025 we will be a US$5 trillion economy. We are well poised towards achieving that, focused on different aspects of the economy which will take us there," the Union Minister said on Monday at UK-India Joint Economic and Trade Committee meeting in London.

He added, "We have opened up opportunities for single-brand retail and are easing some detrimental clauses of our policy in next few weeks which will help single brand retail come in a bigger way to our country."

Commerce and Industry and Railways Minister Goyal further said that the Centre has restrictions on multi-brand retail and have requested companies around the world to respect Indian sensitivities on restrictions of foreign investment and multi-brand retail.

"Particularly e-commerce companies coming to India would have to ensure that they stay within the letter and spirit of the law when it comes to multi-brand retail and our policies around that," he said.

Goyal is on a three-day visit to the UK to attend the India Day conclave.