India to become $20 trillion economy: Narendra Modi

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PM Narendra Modi at the Facebook town hall meeting said that he aims to making doing business in India easier and increase the country’s economic output from $8 billion to $20 billion.Modi spoke about efforts to revive the faith among foreign investors, saying the government was working on ensuring transparency to “restore the lost confidence” during the last 15 months as he appeared to take a dig at the previous UPA dispensation.

He said his government was laying thrust on particularly three sectors – agriculture, services and manufacturing along with building the physical and digital infrastructure simultaneously.“I see the power of the service sector. In tourism alone we have so much potential, for job creation,” says PM Narendra Modi.  He also spoke in detail about the benefits of social media, particularly how it has been useful to him to connect with the people within the country and abroad, and how it can help take corrective steps if some government steps go wrong.

Noting that India is a “heaven” for investors, he said, “I do not believe that there is dearth of money. Countries have money but do not know where to invest. I am giving them the address. Here is the place (India).The Prime Minister asserted that during his 15-month tenure, the “scale and speed” of reforms has improved significantly and even the global bodies like World Bank and IMF have forecast a high growth for India.

Modi appeared to take a dig at the previous governments. He said that nationalisation of banks was undertaken 40 years back but 60 per cent of the population was without a bank account till his dispensation introduced the Jandhan scheme last year. 180 million accounts were opened within 100 days of his government.

PM Modi says he never expected science and spirituality to have such a connection if Mark Zuckerberghadn’t given his example. A youth from the US, comes to an Indian temple to find his path on his advice of his guru. I hope the vision you got will help you become the voice of millions of people and a voice of their aspirations. See where India has got you. India has the power to fulfil your aspirations, says PM Modi.

 

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