Modi government in action mode, to take a big step towards crushing economy

Sep 07 2019 04:03 PM
Modi government in action mode, to take a big step towards crushing economy

New Delhi: It is a period of an economic slowdown in the country. There is a continuous decline in the sales and production of auto, textiles and FMCG sectors. At the same time, due to economic data including GDP, an atmosphere of despair is being created. Meanwhile, the Modi government appears in action mode. Actually, the task force committee has been formed by the government. This committee will prepare a roadmap to increase investment of $ 1.4 trillion in the next 5 years.

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According to the statement issued by the Ministry of Finance, "To reach the country's GDP by $ 5 trillion by the year 2024-25, an investment of more than $ 1.4 trillion i.e. about 100 lakh crores is needed in the country. For this, a task force committee has been formed, which will prepare the roadmap for investment. This committee will present its first report by 31 October. This report will target the 2019-20 investment.

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The statement further said that the committee will submit its final report by 31 December. In this report, the target of investment up to 2024-25 will be. This task force committee will be headed by the Secretary of Department of Economy Affairs (DEA). Senior officers of NITI Aayog and Finance Ministry will also be included in the committee. This committee will identify the infrastructure projects and will prepare the report of the expenditure on these projects. It will also help other ministries to find ways to raise funds.

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