BIG BREAKING: "India will cross $1 trillion digital economy": PM Modi at BRICS summit
BRICS was established with the belief that this group of emerging economies could emerge as engines of global growth.
New Delhi:Today PM Modi addressed the BRICS Business Forum today i.e. June 22, 2022.
He said, "BRICS was established with the belief that this group of emerging economies could emerge as engines of global growth.
He further said, "Today when the whole world is focusing on post Covid recovery, then the role of BRICS countries will once again be very important. To deal with the economic problems arising out of the pandemic, we have adopted the mantra of Reform, Perform & Transform in India.
While citing the growth percentage of Indian economy he said, "The results of this approach are evident from the performance of the Indian economy. This year we are expecting 7.5% growth. Which makes us the fastest growing major economy.
Focusing on the transformation in every sector and the Startup India, he said, "Transformative changes are taking place in every sector of the emerging New India. Today, India has one of the best ecosystems in the world for innovation, which is reflected in the growing number of Indian startups. There are more than 100 unicorns out of more than 70 thousand startups in India, and their number is continuously increasing.
He further highlighted the ease of doing business in India and said, "During the pandemic, India continued several efforts to improve the ease of doing business. The rules were changed to reduce the compliance burden on the business. Large scale work is being done to bring more transparency and consistency in government policies and procedures.
Talking about the National Infrastructure Pipeline and National Master Plan he said, "Infrastructure in India is also being improved on a large scale and it is also expanding. For this, India has prepared a National Master Plan and under our National Infrastructure Pipeline, there are investment opportunities of $ 1.5 trillion.
At the end he also pointed out that the Indian digital economy will reach $1 trillion. He said, "The kind of digital transformation that is taking place in India today, it has never been seen before in the world. The value of the Indian digital economy will reach $1 trillion by 2025.