Published On: Sun, Feb 4th, 2018

Coming up with plan to raise exports to 20% of GDP: Prabhu

Kolkata: Union Commerce and Industry Minister Suresh Prabhu said the Central government is coming out with a “strategy document” to increase exports to 20 per cent of the GDP, an official statement said on Sunday.

Prabhu said India was poised to become a $5 trillion economy in the next 8-10 years

Interacting with the Export Promotion Councils of the Eastern Region here on Saturday, Prabhu said the government will soon come out with a new industrial policy, and consultations with industry have already begun in this regard.

Delivering the keynote address at the meeting, Prabhu said India was poised to become a $5 trillion economy in the next 8-10 years at the present rate of growth.

According to the Minister, this would mean doubling of the industrial output from the current Rs 2-Rs 2.5 trillion.

“…He requested the Captains of Exports to come up with good proposals to increase exports in a substantial manner for achieving this objective,” said an official release.

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