The next five years are going to build a stronger and financially robust Indian economy. While delivering an intense lecture on ‘Furthering India’s Promise’, former president Pranab Mukherjee made a statement related to our economy’s future.
India to become a $5 Trillion Economy
According to him, various economic and social sectors are performing really well due to the efforts of not anyone else but Indians since Independence. He also pointed out the fact that it will be possible because of the strong foundation that was laid was previous governments.
“These five-year plans built the vision for economy, health, education among others. The investment used to be made based on these plans,” he told at the lecture organised by Samruddha Bharat Foundation.
This is what has formed the basis of his statement that India is going to be a $5 Trillion economy in next five years. Additionally, he rued the fact that the Modi dispensation has not only scrapped five-year plans but also done away with the Planning Commission.
What were the key elements?
Mukherjee added to this point by stating that Mangalyaan has been made possible because “not by magic but by the sustained efforts on which the ground work has been done”.
He further added that it was due to the collective efforts of Indians. Even after being constantly exploited by Britishers, Indians were able to overcome from it. “Those who criticize Congress rule for 55 years are ignoring where India was at independence and how far we have come,” he added.
“India has been physically conquered a number of times but not spiritually but I do believe that India has always risen out of it,” he said.
“India has grown in leaps and bounds because Jawaharlal Nehru and others established IITs, ISRO, IIMs, banking network etc. This was built upon by Dr Manmohan Singh and Narasimha Rao when they liberalized the economy. That unleashed India’s economic potential. It is on that foundation that the Finance Minister can claim today that India will be a 5 trillion dollar economy,” Mr Mukherjee said.
It seems that after the powerful ruling of Modiji’s government, everything has been pipe-lined and India is going to witness major development in terms of its economical growth.