LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

India to become $10 trillion economy by 2030-32: Rajnath Singh

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
India to become $10 trillion economy by 2030-32: Rajnath Singh
Rajnath Singh said that under the `Make in India` initiative of Prime Minister Narendra Modi, the government aims to not only establish India as a major arms manufacturing hub but also convert it into a net defence exporter. Image source: Reuters
Written By: IANS
Updated: Tue, Sep 17, 2019
07:47 pm
IANS
RELATED NEWS
Indian media and entertainment industry may grow by 25% in 2021: FICCI-EY report Indian media and entertainment industry may grow by 25% in 2021: FICCI-EY report
 RBI Governor Shaktikanta Das on economic recovery, cryptocurrency, privatisation of state-run banks and more RBI Governor Shaktikanta Das on economic recovery, cryptocurrency, privatisation of state-run banks and more
Indian economy outlook 2021: This is why FY 2021 GDP performance will be better than projection—Finance Ministry EXPLAINS Indian economy outlook 2021: This is why FY 2021 GDP performance will be better than projection—Finance Ministry EXPLAINS
'Improved economic environment to boost FY21 credit growth' 'Improved economic environment to boost FY21 credit growth'
FPIs pump in Rs 24,965 crore in February so far FPIs pump in Rs 24,965 crore in February so far

Defence Minister Rajnath Singh said in New Delhi on Tuesday that the goal of the government is to make India a $10 trillion economy by the year 2030-32.  Singh was speaking at the annual conclave of Delhi-based Society of Indian Defence Manufacturers (SIDM). "The current size of the Indian economy is around $2.7 trillion and our goal is to make it to $5 trillion by 2024 and subsequently to US$ 10 trillion by 2030-32," he said.

Singh further said that under the `Make in India` initiative of Prime Minister Narendra Modi, the government aims to not only establish India as a major arms manufacturing hub but also convert it into a net defence exporter. At present, the defence industry in India is hugely dependent on imports.

"In our envisaged Defence Production Policy, we have spelt out our goal to achieve a turnover of $26 billion in aerospace and defence goods and services by 2025, involving an additional investment of $10 billion and creating employment for nearly 2-3 million people," said Singh.

Singh elaborated on the initiatives undertaken by the BJP government to ease defence manufacturing in India including revising of the Defence Procurement Procedure in 2016 and establishment of an Investors` Cell to aid defence manufacturers.

"I am proud to share with you that simplification of procedures for defence exports has resulted in export of Rs 10,745 crore in 2018-19, which is nearly seven times the export achieved in 2016-17 and we have set a target of $5 billion for exports till 2024," he further added.
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Indian economyRajnath SinghMake in India
RELATED NEWS
Indian media and entertainment industry may grow by 25% in 2021: FICCI-EY report Indian media and entertainment industry may grow by 25% in 2021: FICCI-EY report
 RBI Governor Shaktikanta Das on economic recovery, cryptocurrency, privatisation of state-run banks and more RBI Governor Shaktikanta Das on economic recovery, cryptocurrency, privatisation of state-run banks and more
Indian economy outlook 2021: This is why FY 2021 GDP performance will be better than projection—Finance Ministry EXPLAINS Indian economy outlook 2021: This is why FY 2021 GDP performance will be better than projection—Finance Ministry EXPLAINS
'Improved economic environment to boost FY21 credit growth' 'Improved economic environment to boost FY21 credit growth'
FPIs pump in Rs 24,965 crore in February so far FPIs pump in Rs 24,965 crore in February so far

LATEST NEWS

BSE, NSE to remain CLOSED today; next stock markets holiday in May on THIS date

Stocks To Buy With Anil Singhvi: NCL Industries and ICICI Bank Futures are Vikas Sethi picks with short-term view

Cadila Healthcare target price pegged at Rs 600 by Sharekhan, says stock in sweet spot

After CBSE, CISCE CANCELS ICSE class 10 board exams, ISC class 12 exams POSTPONED - students DON'T MISS this IMPORTANT UPDATE on class 11 admission

SSC SI Delhi Police Result 2021 declared on ssc.nic.in - check link, cut off and all other details here

EPFO adds 12.37 lakh subscribers in Feb, 70 lakh added in current financial year

UP, Jharkhand lockdown news: Weekend lockdown in Uttar Pradesh, Jharkhand under lockdown from April 22-29; Only essential services to be allowed

Check best Ram Navami 2021 WhatsApp status, DP, stickers, GIFs, wishes, quotes, messages and greetings

Apple Spring Loaded launch event tonight: Check LIVE streaming details, When and Where to watch

Stocks to buy with Anil Singhvi: Indoco Remedies is Sandeep Jain's recommendation today - Here is why

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved