Service Sector Can Help Achieve Target Of USD 5 Trillion GDP: Goyal

Union minister Piyush Goyal on Tuesday said India’s service sector can help achieve the Central governments target of USD 5 trillion GDP.

The service sector has the potential to be the largest job creators in the country and over the next five years it has the potential to contribute USD 3 trillion out of the USD 5 trillion GDP target set by the government, Goyal, the minister of Railways, Commerce and Industry, said.
At the inauguration of the fifth Global Exhibition on Services-2019 at the Palace Grounds here, he said it is the manufacturing and services industry that will be the growth engines of the Indian economy.

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He emphasised that these two sectors need to work together, as without services, manufacturing cannot succeed and without manufacturing, services cannot grow.

Source: Economic Times

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