India needs to strengthen its manufacturing capacity and produce quality products that will help the country achieve the $5 trillion economy target by 2025, former union minister Suresh Prabhu said on Saturday.
He also said that exports are going to be the main driver of economic growth.
“India today is a $2.5 trillion economy, and we have set a target of becoming $5 trillion by 2025. In this target, 50 per cent will be international trade, of which exports will be a major component,” Prabhu — who is Prime Minister Narendra Modi’s sherpa for the G20 summit — said here while addressing the 23rd edition of Techfest – Asia’s Largest Science and Technology Festival.
On road map to achieve $5 trillion economy objective, he said “there is a need to strengthen the country’s manufacturing and produce quality products”.
“Our biggest challenge today is quality. We need to upgrade our manufacturing so that we can compete in international markets,” Prabhu said, adding that now the country mainly exports merchandise, services and agri produce.
Source: Business Standard
