Working group suggests measures to achieve $5 tn economy by 2025

A working group of the Commerce and Industry Ministry Wednesday came out with a blueprint suggesting a host of long and short-term measures to increase the size of India's economy to USD 5 trillion by 2025.

According to its report, agriculture and manufacturing sectors can contribute USD 1 trillion each, while the contribution from the services sector has been pegged at USD 3 trillion.

The group was constituted by the Department of Industrial Policy and Promotion (DIPP) in the ministry with participation from the government and industry. It was tasked to develop a roadmap towards achieving a USD 5 trillion economy by 2025.

"India's potential to achieve a USD 5 trillion GDP by 2024-25 is within the realm of possibility," the report said.

The report identified specific policy recommendations for the three sectors.

For the agri sector, it has suggested encouraging public and private investments to develop infrastructure like cold chains; special attention for north-eastern, eastern and ..