Earlier in the day, the PM participated in a roadshow and also inaugurated a new terminal building of Surat airport. The Surat airport has now got the status of an international airport.
During the discussion on 'Financial Roadmap To $5 Trillion Economy', Vaidyanathan talked about changes in infrastructure financing, digital infrastructure, cyber risk, and the arrival of more NBFCs (Non-Banking Financial Companies).
India aims to become a USD 5 trillion economy ahead of schedule, during the "Amrit Kaal," as part of the larger goal of becoming an advanced economy by 2047, according to Minister of State for Finance Pankaj Chaudhary. The International Monetary Fund (IMF) projects India to reach this milestone in 2027-28, with a strong rupee contributing to the achievement through macroeconomic stability.
Amitabh Kant has said that India will become a $5 trillion economy but the challenge for the country will be to grow at 8-9 per cent for the next three decades. Kant added that India s economy will have to grow at 10 per cent to catch up with China.
This will be his second term's last address to the nation from the ramparts of Red Fort. During his address, the Prime Minister is likely to talk about his government's achievements through several flagship schemes, India's economic growth, and structural reforms carried out since 2014.