To make India a $ 5 trillion economy by 2024 is achievable: PM Modi

Prime Minister Narendra Modi asserted today that the goal to make India a 5 trillion dollar economy by 2024, is challenging, but can surely be achieved. He said States should recognise their core competence, and work towards raising GDP targets right from the district level.

Delivering opening remarks at the fifth meeting of the Governing Council of NITI Aayog, he said that the export sector is an important element in the progress of developing countries, both the Centre and the States should work towards growth in exports, in order to raise per capita incomes. He said there is immense untapped export potential in several States, including the North Eastern States. He said a thrust on export promotion at the State level will provide a boost to both income and employment.

Describing water as an important element for life, the Prime Minister said that the poor bear the brunt of insufficient water conservation efforts. He said that the newly created Jal Shakti Ministry will help provide an integrated approach to water. He urged States to also integrate their efforts towards water conservation and management. He said management of available water resources is a vital imperative.

He said that the aim is to provide piped water to every rural home by 2024. He said attention has to be given to water conservation, and raising the water table. He added that district irrigation plans under the the PM KrishiSinchaiYojana should be implemented carefully. He called for effective steps to tackle drought. He said that the spirit of per-drop, more-crop needs to be promoted.

Reiterating the Union Government’s commitment to double incomes of farmers by 2022, he said this requires focus on fisheries, animal husbandry, horticulture, fruits and vegetables. He said that the benefits of PM-KISAN – KisanSammanNidhi – and other farmer centric schemes should reach the intended beneficiaries well within time.

Noting that there is need for structural reform in agriculture, the Prime Minister spoke of the need to boost corporate investment, strengthen logistics, and provide ample market support. He said the food processing sector should grow at a faster pace than foodgrain production.

Turning to aspirational districts, the Prime Minister said that the focus should be on good governance. On the health sector, the Prime Minister said that several targets have to kept in mind, to be achieved by 2022. He also mentioned the target of eliminating TB by 2025.

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