(PTI)
Prime Minister Narendra Modi said Thursday that his government will continue to take tough decisions and expressed hope that the size of the Indian economy will double to USD 5 trillion in the next five-seven years. The contribution of manufacturing and agriculture would be USD 1 trillion each, he said, while laying the foundation stone of India International Convention and Expo Centre (IICC) here. Modi travelled by the Airport Express Metro to reach the venue of the foundation stone laying ceremony at Sector 25, Dwarka.
“I want to assure you that in the public interest, we have taken tough decisions and this will continue,” he said, adding India’s economy is gaining strength despite global challenges. The economy, he added, is growing at over 8 per cent and in the “next five-seven years, size of the economy will touch USD 5 trillion and will rise further to USD 10 trillion in the next decade”. Modi further said that the government has recently taken a decision to merge Dena Bank, Vijaya Bank with the Bank of Baroda. “What is the need of dozens of public sector banks. We have been listening to this debate for years but no one took steps in that direction,” the prime minister said, adding the government has also merged banks with SBI and has now decided to merge three more state-owned banks.
