Defence Minister Rajnath Singh on Thursday said Uttar Pradesh will play an important role in turning India into a five trillion dollar economy and also be counted among the three largest in the world by 2030.

Singh was addressing a seminar on UP's defence manufacturing corridor at DefExpo 2020.

"By 2030, India will be among the top three economies of the world. UP will have important role in it," he said.

"The PM has fixed a target of making India a five trillion dollar economy by 2024,"&nbsp;he recalled. He said some economists are asking how the country will achieve this target when there is an slowdown in the world.

But despite the slowdown, India is the "fastest growing"&nbsp;economy, he said.

"If there is a decline in one quarter, it is not the matter of concern," the minister said.

He said World Bank has also predicted a revival.

That means there is no doubt that India will achieve the target of becoming a five trillion dollar economy, he said.

Singh said Uttar Pradesh will pay a major role in achieving the target and praised the steps taken by Chief Minister Yogi Adityanath.

He said there is a single-window system for investors and connectivity through air, rail and road is very good in the state.

"We will not let you face any problem," he said, asking investors to choose UP. Chief Minister Adityanath made the same pitch to them.

Adityanath said the state has already prepared its defence manufacturing policy and has a large land bank.

"Organising the investors' summit in 2018 was like a big dream. We have received investment of Rs 2.5 lakh crore in the past two years,"&nbsp;the CM said.

Defence manufacturing firms from across the world are participating in the five-day DefExpo, inaugurated here by Prime Minister Narendra Modi on Wednesday.&nbsp;

Defence Minister Rajnath Singh on Thursday said Uttar Pradesh will play an important role in turning India into a five trillion dollar economy and also be counted among the three largest in the world by 2030.

Defence Minister Rajnath Singh on Thursday said Uttar Pradesh will play an important role in turning India into a five trillion dollar economy and also be counted among the three largest in the world by 2030. Singh was addressing a seminar on UP's defence manufacturing corridor at DefExpo 2020. "By 2030, India will be among the top three economies of the world. UP will have important role in it," he said. "The PM has fixed a target of making India a five trillion dollar economy by 2024," he recalled. He said some economists are asking how the country will achieve this target when there is an slowdown in the world. But despite the slowdown, India is the "fastest growing" economy, he said. "If there is a decline in one quarter, it is not the matter of concern," the minister said. He said World Bank has also predicted a revival. That means there is no doubt that India will achieve the target of becoming a five trillion dollar economy, he said. Singh said Uttar Pradesh will pay a major role in achieving the target and praised the steps taken by Chief Minister Yogi Adityanath. He said there is a single-window system for investors and connectivity through air, rail and road is very good in the state. "We will not let you face any problem," he said, asking investors to choose UP. Chief Minister Adityanath made the same pitch to them. Adityanath said the state has already prepared its defence manufacturing policy and has a large land bank. "Organising the investors' summit in 2018 was like a big dream. We have received investment of Rs 2.5 lakh crore in the past two years," the CM said. Defence manufacturing firms from across the world are participating in the five-day DefExpo, inaugurated here by Prime Minister Narendra Modi on Wednesday.

UP to play big role in India's goal to become $5 trillion economy: Rajnath Singh

While Prime Minister Narendra Modi has set the target of five trillion dollar economy by 2024, Defence Minister Rajnath Singh said that with the talent India possesses, in 10-15 years we will become 10 trillion dollar economy.

"Prime Minister Modi has set 5 trillion dollar economy target by 2024 but I feel that with the talent we have, in 10-15 years we will make it a 10 trillion dollar economy," Singh said at the `Def-Connect` event here.

Last month, Singh had called for increased and active participation of the private sector in defence manufacturing to achieve the government`s target of making the Indian defence industry worth $26 billion by 2025.

"Defence sector will play a pivotal role in the government`s aim of inclusive growth and making India a $5 trillion economy. Our aim is to make a world-class domestic defence industry that is self-reliant and less dependent on imports," he said while addressing the captains of industry at the 22nd India International Security Expo, 2019 (Defence &amp; Homeland Security).

While Prime Minister Narendra Modi has set the target of five trillion dollar economy by 2024, Defence Minister Rajnath Singh said that with the talent India possesses, in 10-15 years we will become 10 trillion dollar economy.

While Prime Minister Narendra Modi has set the target of five trillion dollar economy by 2024, Defence Minister Rajnath Singh said that with the talent India possesses, in 10-15 years we will become 10 trillion dollar economy. "Prime Minister Modi has set 5 trillion dollar economy target by 2024 but I feel that with the talent we have, in 10-15 years we will make it a 10 trillion dollar economy," Singh said at the `Def-Connect` event here. Last month, Singh had called for increased and active participation of the private sector in defence manufacturing to achieve the government`s target of making the Indian defence industry worth $26 billion by 2025. "Defence sector will play a pivotal role in the government`s aim of inclusive growth and making India a $5 trillion economy. Our aim is to make a world-class domestic defence industry that is self-reliant and less dependent on imports," he said while addressing the captains of industry at the 22nd India International Security Expo, 2019 (Defence & Homeland Security).

India will become USD 10 trillion economy in 10-15 years: Rajnath Singh

Union Home Minister Amit Shah on Sunday said that Modi government during its first term laid down the foundation in order to make India a $5 trillion economy.

"The PM (Narendra Modi) said India will be made a $5 trillion economy. Remarks were made by people. But I'd like to say that between 2014-2019, the central government completed the work of laying down a foundation for this," said Shah, during UP Government's second groundbreaking ceremony of projects.

Finance Minister Nirmala Sitharaman, in her budget speech early this month, had announced that the government envisioned to make India a $5 trillion economy.

Targeting the United Progressive Alliance (UPA) government, Shah said that former Prime Minister Manmohan Singh's government failed to improve the Indian economy.

"When Atal Bihari Vajpayee government lost in 2004, We were 11th largest economy in the world. Then UPA government took over and for 10 years there was no growth in the ranking," he said.

"But in the last five years, we jumped from 11th biggest economy to sixth-largest economy," he added.

He also praised UP Government under Chief Minister Yogi Adityanath for its development works.

"It is a matter of great pleasure and shock to me that in just three years Adityanath has contributed a lot for the development of the state," he added.

"At that time the only thought of Narendra Modi and me, as party president, was that someone who is determined and capable of hard work will adapt to all situations. So we handed over UP`s future in hands of Yogi ji. That decision was proven right by him," he added.&nbsp;

 
&nbsp;

Union Home Minister Amit Shah on Sunday said that Modi government during its first term laid down the foundation in order to make India a $5 trillion economy. "The PM (Narendra Modi) said India will be made a $5 trillion economy.

Union Home Minister Amit Shah on Sunday said that Modi government during its first term laid down the foundation in order to make India a $5 trillion economy. "The PM (Narendra Modi) said India will be made a $5 trillion economy. Remarks were made by people. But I'd like to say that between 2014-2019, the central government completed the work of laying down a foundation for this," said Shah, during UP Government's second groundbreaking ceremony of projects. Finance Minister Nirmala Sitharaman, in her budget speech early this month, had announced that the government envisioned to make India a $5 trillion economy. Targeting the United Progressive Alliance (UPA) government, Shah said that former Prime Minister Manmohan Singh's government failed to improve the Indian economy. "When Atal Bihari Vajpayee government lost in 2004, We were 11th largest economy in the world. Then UPA government took over and for 10 years there was no growth in the ranking," he said. "But in the last five years, we jumped from 11th biggest economy to sixth-largest economy," he added. He also praised UP Government under Chief Minister Yogi Adityanath for its development works. "It is a matter of great pleasure and shock to me that in just three years Adityanath has contributed a lot for the development of the state," he added. "At that time the only thought of Narendra Modi and me, as party president, was that someone who is determined and capable of hard work will adapt to all situations. So we handed over UP`s future in hands of Yogi ji. That decision was proven right by him," he added.

Foundation to make India $5 trillion economy was laid in Modi government's first term: Amit Shah

Prime Minister Narendra Modi on Saturday said that those who are casting doubt over the target of making India a five trillion dollars economy were professional pessimists and asserted that the goal was achievable.

"We are very confident about achieving the goal of 5 trillion dollar economy in the next five years but there are some who are casting doubts over the competence of Indians. They ask what the need for it is and why it is being done. We can call such people professional pessimists," he said.

Prime Minister Modi, who was addressing BJP workers after launching the party's membership campaign at an event here, talked at length about the first Budget of his second tenure that was presented in the Lok Sabha on Friday by Finance Minister Nirmala Sitharaman.

He also released a toll-free mobile number 8980808080 for the membership drive and launched a tree plantation drive.

The launch of the BJP's membership drive coincides with the birth anniversary of Jana Sangh founder Syama Prasad Mookerjee.

Modi said that these "professional pessimists" keep grumbling about things but do not do anything to change them.

"They have mastery in turning solutions into a problem. The country needs to be vigilant of these pessimists," he said.

The Prime Minister, however, said that he welcomed positive criticism of his ideas, schemes, and plans to execute them.

"The opinion of critics and analysts are important for us. But saying that something cannot be done or achieved is not good," he said.

He said that the new opportunities for development and dreams of New India are deeply linked to the 5-trillion dollar economy.

"It is about doubling the Indian economy in the next five years. The target looks difficult but can be achieved with a firm determination," he said."What does 5 trillion dollars economy mean? You all must know and tell people about it because there are some people who doubt on our will. They say we cannot achieve this target," added Modi.

Talking about the role of farmers and traders in realising the dream grand target, Prime Minister Modi said, "The Union Budget includes measures which will facilitate agriculture exports as well greater social security for small traders and firms through pensions and other benefits."

The Prime Minister also read out a poem to enthuse BJP workers to work hard and spread awareness about the government's ambitious plan.

He cited the example of "bigger the cake, bigger the share" to highlight the benefits of a bigger economy to uplift the lives of the citizens.

"If a family's income is high, its members'&nbsp;income will also be high. If we look at the history of developed nations, they did not have a high per capita income earlier. But these countries witnessed a period when their per capita income jumped, leapfrogging them into the club of developed nations. India can also do it, especially when it is the youngest nation of the world," he said.

The Prime Minister said that his government has made provisions in the budget to make farming profitable and turn farmers into exporters.

"We have taken many decisions to ensure additional income for farmers. We look at farmers as potential exporters. The Budget has focused on making an environment to export farm products. We are trying to develop a cluster so that all government departments can make export easier," he said.

Modi also emphasised the role of a blue economy, a reference to resources available in the sea, and said the government has taken several initiatives in food processing and water security for the sustainable economic progress of the country.

Highlighting his government's scheme to provide housing for every citizen, Prime Minister Modi said that Rs 100 lakh crore would be invested in infrastructure development.

"Our government is focusing on the export of defence and electronic equipment," he added.

Backing the move to encourage adoption of electric vehicles as a clear mobility medium, he claimed that India can save over Rs 5 lakh crore by reducing petroleum imports bill per year.

"The establishment of an electronic fundraising platform has been announced in the Budget on the lines of the Stock Exchange. NGOs can list themselves on it and raise fund as per their needs," he said.

Prime Minister Modi urged BJP workers to reach out to every section of the society and enrol them as the party members.BJP Working President J P Nadda, who also spoke on the occasion, gave credit to grassroots party workers, PM Modi's leadership and party president Amit Shah's strategy to defy anti-incumbency factor and retained power with a bigger mandate in the General Elections.

Nadda also urged BJP workers to work religiously to strengthen the party at the booth level. 
&nbsp;

Prime Minister Narendra Modi on Saturday said that those who are casting doubt over the target of making India a five trillion dollars economy were professional pessimists and asserted that the goal was achievable.

Prime Minister Narendra Modi on Saturday said that those who are casting doubt over the target of making India a five trillion dollars economy were professional pessimists and asserted that the goal was achievable. "We are very confident about achieving the goal of 5 trillion dollar economy in the next five years but there are some who are casting doubts over the competence of Indians. They ask what the need for it is and why it is being done. We can call such people professional pessimists," he said. Prime Minister Modi, who was addressing BJP workers after launching the party's membership campaign at an event here, talked at length about the first Budget of his second tenure that was presented in the Lok Sabha on Friday by Finance Minister Nirmala Sitharaman. He also released a toll-free mobile number 8980808080 for the membership drive and launched a tree plantation drive. The launch of the BJP's membership drive coincides with the birth anniversary of Jana Sangh founder Syama Prasad Mookerjee. Modi said that these "professional pessimists" keep grumbling about things but do not do anything to change them. "They have mastery in turning solutions into a problem. The country needs to be vigilant of these pessimists," he said. The Prime Minister, however, said that he welcomed positive criticism of his ideas, schemes, and plans to execute them. "The opinion of critics and analysts are important for us. But saying that something cannot be done or achieved is not good," he said. He said that the new opportunities for development and dreams of New India are deeply linked to the 5-trillion dollar economy. "It is about doubling the Indian economy in the next five years. The target looks difficult but can be achieved with a firm determination," he said."What does 5 trillion dollars economy mean? You all must know and tell people about it because there are some people who doubt on our will. They say we cannot achieve this target," added Modi. Talking about the role of farmers and traders in realising the dream grand target, Prime Minister Modi said, "The Union Budget includes measures which will facilitate agriculture exports as well greater social security for small traders and firms through pensions and other benefits." The Prime Minister also read out a poem to enthuse BJP workers to work hard and spread awareness about the government's ambitious plan. He cited the example of "bigger the cake, bigger the share" to highlight the benefits of a bigger economy to uplift the lives of the citizens. "If a family's income is high, its members' income will also be high. If we look at the history of developed nations, they did not have a high per capita income earlier. But these countries witnessed a period when their per capita income jumped, leapfrogging them into the club of developed nations. India can also do it, especially when it is the youngest nation of the world," he said. The Prime Minister said that his government has made provisions in the budget to make farming profitable and turn farmers into exporters. "We have taken many decisions to ensure additional income for farmers. We look at farmers as potential exporters. The Budget has focused on making an environment to export farm products. We are trying to develop a cluster so that all government departments can make export easier," he said. Modi also emphasised the role of a blue economy, a reference to resources available in the sea, and said the government has taken several initiatives in food processing and water security for the sustainable economic progress of the country. Highlighting his government's scheme to provide housing for every citizen, Prime Minister Modi said that Rs 100 lakh crore would be invested in infrastructure development. "Our government is focusing on the export of defence and electronic equipment," he added. Backing the move to encourage adoption of electric vehicles as a clear mobility medium, he claimed that India can save over Rs 5 lakh crore by reducing petroleum imports bill per year. "The establishment of an electronic fundraising platform has been announced in the Budget on the lines of the Stock Exchange. NGOs can list themselves on it and raise fund as per their needs," he said. Prime Minister Modi urged BJP workers to reach out to every section of the society and enrol them as the party members.BJP Working President J P Nadda, who also spoke on the occasion, gave credit to grassroots party workers, PM Modi's leadership and party president Amit Shah's strategy to defy anti-incumbency factor and retained power with a bigger mandate in the General Elections. Nadda also urged BJP workers to work religiously to strengthen the party at the booth level.

Those casting doubt on 5 trillion dollars economy target are professional pessimists: PM Narendra Modi

India-Kyrgyzstan Business Forum has been inaugrated. Kyrgyzstan's President also attended PM Modi's swearing-in Ceremony. PM Modi said that Our goal is to make India a 5 trillion economy.This is PM Modi's 5 year plan which will enhance trade. Watch this video to know more.

SCO Summit 2019: PM Modi addresses Joint Business Forum at Bishkek, Kyrgyzstan