New Delhi: While Prime Minister Narendra Modi has set the target of five trillion dollar economy by 2024, Defence Minister Rajnath Singh said that with the talent India possesses, in 10-15 years we will become 10 trillion dollar economy.
"Prime Minister Modi has set 5 trillion dollar economy target by 2024 but I feel that with the talent we have, in 10-15 years we will make it a 10 trillion dollar economy," Singh said at the `Def-Connect` event here. Last month, Singh had called for increased and active participation of the private sector in defence manufacturing to achieve the government`s target of making the Indian defence industry worth $26 billion by 2025."
Defence sector will play a pivotal role in the government`s aim of inclusive growth and making India a $5 trillion economy. Our aim is to make a world-class domestic defence industry that is self-reliant and less dependent on imports," he said while addressing the captains of industry at the 22nd India International Security Expo, 2019 (Defence & Homeland Security).