Big Breaking: “India Will Cross $1 Trillion Digital Economy”: PM Modi At BRICS Summit

New Delhi: Today i.e. on 22 June 2022, PM Modi addressed the BRICS Business Forum.

“BRICS was established with the belief that this grouping of emerging economies can emerge as engines of global growth,” he said.

He further said, “Today, when the whole world is focusing on recovery after Kovid, then the role of BRICS countries will once again be very important. Mantra has been adopted.

Referring to the growth percentage of the 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 per cent growth. Which makes us the fastest growing major economy.”

Focusing on change in every sector and Startup India, he said, “Transformational changes are taking place in every sector that is emerging in the new India. Today, India has one of the best ecosystems in the world for innovation, which is the Indian This is reflected in the growing number of 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 to make several efforts to improve the ease of doing business. The rules were changed to reduce the compliance burden on the business. Massive work is being done to bring in more transparency and consistency in government policies and procedures.”

Talking about the National Infrastructure Pipeline and the National Master Plan, he said, “Infrastructure in India is also improving and expanding in a big way. For this, India has prepared a National Master Plan and under our National Infrastructure Pipeline, there are investment opportunities of $ 1.5 trillion.

In the end he also pointed out that the Indian digital economy will reach $1 trillion. He said, ‘The kind of digital transformation that is happening in India today has never been seen before in the world. The value of the Indian digital economy will reach $1 trillion by 2025.”

First published:22 June 2022, 6:59 PM

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