India’s economy would reach $5 trillion by 2025: Nitin Gadkari

According to Union Minister Nitin Gadkari, India has the world’s fastest-growing major economy and is on track to reach a $5 trillion GDP by 2024 or 2025.

According to Union Minister Nitin Gadkari, India is on track to have a $5 trillion GDP by 2024–2025 and has the world’s fastest growing major economy.

Speaking at a FICCI-sponsored event, Mr. Gadkari stated that the goal of the federal government is to increase employment and growth in order to achieve sustainable development.

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According to the minister of highways and road transportation, India would be crucial to meeting the Sustainable Development Goals (SDGs) by 2030.

He stated that India has to boost exports while lowering imports.

“We are also working on developing alternative, clean and green fuel like bio ethanol, bio-CNG, bio-LNG and green hydrogen,” he said, adding green hydrogen is the fuel for the future.

The minister claimed that the Indian auto sector is currently worth 7.5 lakh crore and that he intends to increase its value to 15 lakh crore. “This will create lots of new jobs.”

He also said his focus is on reducing cost of construction. “We are trying to minimise use of steel and cement.”