23
Wednesday
January 2019
6:38 AM IST
News Headlines
NRIs are India's brand ambassadors, symbolise country's capabilities: PM        More domestic, international services from Kannur International Airport        Kohli will break all records created by Tendulkar: Zaheer Abbas        Man gets 7 years rigorous imprisonment for robbery        Encounter breaks out at Shopian in J-K        France fines Google nearly $57 million        Full dress rehearsal for Republic Day Parade on Wednesday, traffic restrictions to be in place        Jaitey calls Congress remarks on EVM hacking "lie and garbage"        China''s economy slumps to 28 year low to 6.6 per cent in 2018        Venezuela military group calls in video for not recognizing Maduro        First Indian-American Senator Kamala Harris announces her 2020 US presidential bid        Ross Taylor praises Kohli''s batting prowess ahead of limited-overs series        Halep sent home but Djokovic, Williams headed to the Australian Open quarter-finals        Boo - The World's Cutest dog dies        PM condoles demise of Lingayat seer        CJI recuses from hearing plea challenging Rao's appointment as interim CBI chief        Ankita wins first singles title of 2019 season in Singapore        Kohli is greatest ODI batsman to have played the game: Clarke        Minister says UK faces 'political tsunami' if Brexit halted        Mumbai TDS office issued prosecution notices in 50 ''big'' cases in past one month: CBDT        
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | Health   | About Deepika 
Business News
Boosting exports key to make India $5-tn economy by 2025: Kant
 
Mumbai, Dec 13 (PTI) NITI Aayog chief executive Amitabh Kant Thursday said that India's exports need to increase significantly if the country has to become a USD 5-trillion economy by 2025.

Kant also noted that the private sector will play a major role in pushing the country's economy towards the ambitious USD 5-trillion target.

"In the last four years, we (Centre) have taken a series of measures to improve our rankings in ease of doing business, along with many structural reforms like Rera, GST and IBC. These measures will make India extremely efficient in the long run," Kant said at the India Economic Conclave organised by the Times Network here.

He, however, noted that to address the real challenge of growing the GDP at 9-10 per cent over the next three decades, India will have to increase its exports.

"No country has grown without exports. Take the example of Japan, Korea and China, which have grown on the back of exports. So, India needs to push for exports, which would require size and scale of manufacturing and penetrating global markets," he said.

Kant further noted that to achieve this, it is necessary to create 100 champion companies like Tata Consultancy Services (TCS), with proper support from the government.

Speaking at the event, LIC chairman VK Sharma said a robust insurance sector can add 1 per cent to the GDP over the next five years if it grows at an annualised rate of 15 per cent or more.

Collectively, the general and life insurance penetration has grown beyond 2 per cent, he said. It can be noted this is still below the global average where the penetration is at 3 per cent or more.

Sharma further said that it was necessary to take the insurance industry global to achieve the target.

TCS chief executive officer and managing director Rajesh Gopinathan said that along with the challenges, there are several opportunities as well.

"We should not be afraid of having big aspirations and achieving large targets, like becoming a USD 100 billion company," he said.


China''s economy slumps to 28 year low to 6.6 per cent in 2018
Minister says UK faces 'political tsunami' if Brexit halted
Mumbai TDS office issued prosecution notices in 50 ''big'' cases in past one month: CBDT
Honda Cars India announces increase in car prices, effective from Feb 1
IOC to raise USD 3 bn more in overseas loan
Jet Airways shares sink over 8% amid uncertainty over open offer
Huawei founder denies spying for China in rare interview
Rupee slips further, settles below 71-level against USD
Sebi fines 10 entities for fraudulent trading in Mindvision Capital shares
Govt sets up common facility centres for gems and jewellery sector
Rupee rises 14 paise against US dollar in early trade
Export demand to drive future growth of manufacturing companies
MCA summons directors, officers of Usha Martin
Reliance Communications Says 'Fully Committed' To Settle Dues With Ericsson
Jet Airways In Talks With SBI To Raise Rs. 1,500 Crore: Report
Petrol, Diesel Prices To Rise In Karnataka As State Hikes Fuel Taxes
RBI Scales Down Printing Of 2,000 Rupee Note: Report
Banks likely to recover bad loans worth Rs 70,000 crore by March-end: Arun Jaitley
BoB finalises share swap ratio for merger of Vijaya Bank, Dena Bank
Fuel prices to come down further: Dharmendra Pradhan
KERALA NEWS
More domestic, international services from Kannur International Airport
 Thiruvananthapuram: More domestic, international services to start from Kannur International Airport  
Mineral sand mining: Talks fail, agitaion to continue
Kerala HC disqualifies Koduvally MLA
Kanakadurga attacked by mother-in-law
INTERNATIONAL NEWS
France fines Google nearly $57 million
 Washington: The French regulators fined Google with nearly $57 million for violating Europe's new da
Venezuela military group calls in video for not recognizing Maduro
First Indian-American Senator Kamala Harris announces her 2020 US presidential bid
Boo - The World's Cutest dog dies
NATIONAL NEWS
Man gets 7 years rigorous imprisonment for robbery
 Thane: A Thane court has awarded seven years' rigorous imprisonment to a 36-year-old man for robbing
Encounter breaks out at Shopian in J-K
Jaitey calls Congress remarks on EVM hacking "lie and garbage"
PM condoles demise of Lingayat seer
Untitled Page
Rashtra Deepika LTD
Copyright @ 2019 , Rashtra Deepika Ltd.