Representative image. <\/p>\n
Prime Minister Narendra Modi has reaffirmed his government\u2019s ambitious vision, stating that the day is not far when India will become a $5 trillion economy. Highlighting key economic milestones, policy reforms, and a roadmap for the future on Wednesday (March 5, 2025), Prime Minister Modi emphasized the importance of investing in people, innovation, and industries to drive sustained economic growth.<\/p>\n The Jump from From $3.8 Trillion to $5 Trillion<\/b> \u201cIndia\u2019s growth has outpaced several major economies in the world. The foundation we have built over the last decade will ensure that this momentum continues. The day is not far when we will achieve our $5 trillion target,\u201d Prime Minister Modi asserted in his address at a post-Budget webinar focused on employment and economic expansion.<\/p>\n How Investing in People Can Drive Growth<\/b> Educational Innovation:<\/b>\u00a0India\u2019s education sector is undergoing a transformational shift with the implementation of the National Education Policy (NEP).\u00a0<\/p>\n The government has also expanded IITs, IIMs, and AIIMS institutions, making world-class education more accessible. To foster innovation, the government has approved a \u20b91 lakh crore corpus fund for research and development, promoting technological advancements in artificial intelligence (AI), digital infrastructure, and automation.<\/p>\n \u201cWe have announced 10,000 additional medical seats this year, with a long-term target of adding 75,000 seats over the next five years. Education, along with skill development, is the foundation for India\u2019s economic prosperity,\u201d PM Modi stated.<\/p>\n Preparing Youth for the Global Market:<\/b>\u00a0With over 3 crore youth trained since 2014, the government\u2019s focus on skill development has been pivotal. Prime Minister Modi highlighted the PM Internship Scheme, which aims to bridge the gap between academia and industry, ensuring that Indian graduates possess job-ready skills.<\/p>\n \u201cThe workforce of the future needs dynamic skills that match global industry demands. That\u2019s why we have decided to upgrade 1,000 Industrial Training Institutes (ITIs) and establish five Centers of Excellence,\u201d he announced.<\/p>\n Boosting Industries and Creating Jobs:<\/b>\u00a0To sustain rapid economic growth, Prime Minister Modi called upon industries to actively participate in employment generation and innovation. Infrastructure, tourism, and digital transformation were identified as key sectors poised to create millions of jobs.<\/p>\n He emphasized that the tourism sector has the potential to contribute up to 10% of India\u2019s GDP. To harness this potential, the government has granted infrastructure status to tourism and hospitality sectors, boosting private investments.<\/p>\n \u201cWe are developing 50 key destinations to attract global tourists. Under initiatives like \u2018Heal in India\u2019 and \u2018Land of the Buddha,\u2019 we aim to position India as a global hub for wellness and cultural tourism,\u201d PM Modi said.<\/p>\n Urban Planning and Real Estate Development:<\/b>\u00a0Recognizing the growing urban population, Prime Minister Modi announced the allocation of \u20b91 lakh crore under the Urban Challenge Fund to facilitate sustainable urbanization. \u201cPlanned urbanization is critical for economic stability. We need to integrate digital solutions, smart infrastructure, and real estate expansion to accommodate the rapidly growing urban population,\u201d he added.<\/p>\n AI, Innovation, and Startups:<\/b> With India emerging as the third-largest startup ecosystem in the world, the government is taking significant steps to promote entrepreneurship and technological innovation.\u00a0<\/p>\n Prime Minister Modi highlighted key budgetary allocations to drive digital transformation: \u201cThe world is looking for a reliable, safe, and democratic nation that can provide economic solutions through AI. India will lead in this transformation,\u201d PM Modi declared.<\/p>\n Beyond economic expansion, he highlighted the importance of preserving India\u2019s rich heritage. Under the Gyan Bharatam Mission, over one crore manuscripts will be digitized to create a National Digital Repository, allowing researchers worldwide to access India\u2019s historical knowledge base.<\/p>\n Additionally, the government is setting up a National Gene Bank to preserve plant genetic resources, ensuring food security for future generations.<\/p>\n Prime Minister Modi concluded his speech by urging businesses, industry leaders, and policymakers to align with the government\u2019s vision for a developed India. \u201cIndia is on a path of unprecedented growth. The government, private sector, and entrepreneurs must work together to ensure that we not only reach the $5 trillion mark but go far beyond.\u201d<\/p>\n With strategic investments in education, industry, technology, and human capital, India\u2019s economic trajectory is set to redefine global markets. The message is clear: India is not just growing\u2014it is preparing to lead.<\/p>\n <\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Representative image. Prime Minister Narendra Modi has reaffirmed his government\u2019s ambitious vision, stating that the day is not far when India will become a $5 trillion economy. Highlighting key economic milestones, policy reforms, and a roadmap for the future on Wednesday (March 5, 2025), Prime Minister Modi emphasized the importance of investing in people, innovation, … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":1004,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-1003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-india"],"_links":{"self":[{"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/posts\/1003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/comments?post=1003"}],"version-history":[{"count":0,"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/posts\/1003\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/media\/1004"}],"wp:attachment":[{"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/media?parent=1003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/categories?post=1003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pronews.in\/index.php\/wp-json\/wp\/v2\/tags?post=1003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
India\u2019s economic trajectory has been nothing short of remarkable. According to the latest report by the International Monetary Fund (IMF), India\u2019s GDP expanded by 66% between 2015 and 2025, reaching $3.8 trillion. With such sustained growth, the transition to a $5 trillion economy appears well within reach. Modi credited this success to structural reforms, digital transformation, and policy-driven initiatives that have strengthened India\u2019s business ecosystem.<\/p>\n
Prime Minister Modi outlined the government\u2019s strategy of investing in human capital as the driving force of economic expansion. He emphasized three key pillars that will shape the next phase of India\u2019s growth\u2014education, healthcare, and skill development.<\/p>\n
\u20b9500 crore allocated for AI-driven education and research.
Establishment of a National Large Language Model to advance AI capacity.
\u20b91 lakh crore corpus to support startups and innovation.<\/p>\n