India won’t waste time now, will surge ahead with confidence: Modi

Making Indian economy worth USD 5 trillion not easy, but achievable


New Delhi, Feb 12: While the previous governments had hesitated to touch the country's taxation system, the current dispensation was making it more citizen centric, Prime Minister Narendra Modi said on Wednesday, urging people to pay their dues for the development of India.
Speaking at the Times Now Summit, he said the concern was that as some people always found ways to evade taxes, the honest got penalised.
"All governments hesitated to touch the tax system. Now, we are making it citizen centric. "When a number of people do not pay tax, find ways to evade it, the burden falls on those who honestly pay their dues," he said.
The prime minister added that it was unbelievable but true that only 2,200 people in the country had declared earnings of Rs one crore per annum. He also said that this was the first time any government had focussed on smaller cities to push for economic development.
"India will not waste time now, it will surge ahead with confidence.... The Union budget will help achieve the target of a USD 5 trillion economy," Modi said.
Modi also said that making Indian economy worth USD five trillion is not easy, but still is achievable.
"Making Indian economy worth USD 5 trillion is not easy but is still achievable. Today, India's economy is worth USD 3 trillion... Did you ever hear that in the country a target was set to reach USD 3 trillion economy? Never. We reached (the target) of USD 3 trillion in 70 years," Prime Minister Modi said at the Times Now Summit 2020 held here. "Earlier, no one asked why it took so long and nobody gave an answer. Now we have set a target, facing the questions and making all-out efforts to achieve this target," he added.
"For achieving the goal of being a USD 5 trillion economy, it is very important that there is an increase in manufacturing output and exports as well. The government has taken several decisions for this," he said. Highlighting various decisions taken by the BJP-led Central government during its second tenure, Prime Minister Modi said that today's 'New India' has left behind most of its problems. (ANI)

Share This Story

Comment On This Story


Photo Gallery

BSE Sensex
NSE Nifty